---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-118991"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:47:11.784213+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TMC Q3 net loss $27.9M, successful nodule collection trial and $66.9M cash

## Summary
- Net loss $27.9M ($0.12/share) in Q3 2022 vs $36.6M ($0.18/share) in Q3 2021.
- Cash $66.9M, no debt; cash expected to fund operations past July 2023.
- Pilot collection trial lifted 3,000 tonnes of nodules from 4,500 tonnes collected; max rate 86.4 tons/hour.
- CDO Anthony O'Sullivan resigned; Grant Lindner appointed NORI Project Director; board changes include Greig and Khama.
- Exploration expenses $22.7M, G&A $5.9M; warrant value decreased $0.4M.

## SEC filing metadata
- accession: 0001104659-22-118991
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465922118991/0001104659-22-118991-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465922118991/tm2223927d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-118991
- JSON: https://secwatch.observer/filing/0001104659-22-118991.json
- Plain text: https://secwatch.observer/filing/0001104659-22-118991.txt

## Key facts
- Earnings Releases
  TMC the metals Co Inc. reported the quarter ended September 30, 2022 results: net income Net loss of $27.9 million, EPS loss per share of $0.12.
  - Period: the quarter ended September 30, 2022
  - Net income: Net loss of $27.9 million
  - EPS: loss per share of $0.12
  - Result: reported results
  source text: Net loss of $27.9 million and loss per share of $0.12 for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465922118991/0001104659-22-118991-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.