secwatch.observer — SEC 8-K summary
======================================

Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001104659-22-118991
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922118991/0001104659-22-118991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465922118991/tm2223927d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-118991

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer