ATLANTA, Nov. 12, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against TMC the metals company Inc. (“TMC” or “the Company”) (NASDAQ: TMC). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and compliance policies, including allegations that: (i) TMC maintained deficient internal controls over financial reporting; (ii) as a result, the Company ...

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ: TMC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), ...

SAN DIEGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired TMC the metals company Inc. (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024. TMC is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The All ...

Core Viewpoint - A class action lawsuit has been filed against TMC the metals company Inc. for failing to disclose deficiencies in its internal controls over financial reporting, leading to misclassification of financial statements [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit alleges that TMC did not disclose that it maintained deficient internal controls over financial reporting [2]. - TMC inaccurately classified the sale of future revenue from the LCR Partnership as deferred income instead of debt, which is a significant accounting error [2]. - On March 25, 2024, TMC announced that its financial statements for the first three quarters of 2023 should be restated, indicating that the previous classifications were incorrect [3]. Group 2: Impact on Stock Price - Following the disclosure of the need to restate financial statements, TMC's stock price fell by $0.205 per share, a decrease of 13.23%, closing at $1.345 per share on March 26, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by January 7, 2025 [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4]. Group 4: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception in 2002 [6].

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 14, 2024, to provide an update on third quarter financial results and recent corporate developments.  Third Quarter 2024 Conference Call Details  Date: Thursday, November 14, 2024  Time: 4:30 p.m. ET  Audio-only Dial-in: Register Here  Virtual webcast with ...

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Current liquidity available from credit facilities of approximately $48.3 million Increased borrowing capacity of our unsecured credit facilities by $7.5 million in August 2024: ERAS/Barron f ...

TMC, based in Des Moines, Iowa, has selected Trimble's Instinct and Video Intelligence fleet management solutions to improve the overall safety, compliance and operational efficiency of its fleet. TMC, based in Des Moines, Iowa, has selected Trimble's Instinct and Video Intelligence fleet management solutions to improve the overall safety, compliance and operational efficiency of its fleet. Founded in 1972, TMC is a leader in North America's flatbed transportation services and the largest privatelyheld flat ...

Kobus Louw/E+ via Getty Images The Metals Company (NASDAQ:TMC) is a deep-sea minerals exploration company which aims to mine critical battery metals from the Clarion Clipperton Zone (CCZ). Founded in 2011, it went public via a SPAC in September 2021. Since going public, it has returned -86.7% to investors and trades at $1.41 per share as of June 13th, 2024. TMC cannot yet market its products and generates zero revenue. The latest report estimates the beginning of "small-scale" commercial operations in Q1-20 ...

Based on samples of nickel-cobalt-copper matte first produced by TMC in 2021, the Extractive Metallurgy team at SGS tested TMC's efficient flowsheet to process high-grade nickel-copper-cobalt matte directly to high-purity cobalt sulfate without making cobalt metal, while producing fertilizer byproducts instead of solid waste or tailings. This milestone follows last month's successful production of nickel sulfate, a key raw material input used in the production of energy-dense electric vehicle batteries. In ...

As reported by the Wall Street Journal, the House version of the fiscal year 2025 National Defense Authorization Act (NDAA) calls for $2 million allocated to the Defense Department's Industrial Base Policy Office to study the feasibility of developing domestic capacity to refine polymetallic nodule- derived intermediates to high-purity nickel, copper and cobalt products. The legislation also proposes to examine existing supply chains for such intermediates. In addition, TMC's U.S. subsidiary has an outstand ...