{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-059115","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.642414+00:00","generated_at":"2026-06-15T04:32:54.671620+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"TMC Q1 2023: net income nil, cash $28.4M; advances nodule processing MoU with PAMCO","bullets":["Net income of $nil vs net loss of $21.1M in Q1 2022, including $14M gain on sale of 2% NORI royalty.","Cash of $28.4M at March 31, 2023; no debt; believes cash sufficient for at least 12 months.","Signed non-binding MoU with Japan's PAMCO to evaluate toll treatment of 1.3M tonnes/year of nodules starting 2025.","Entered $25M unsecured credit facility with Argentum (Allseas affiliate), undrawn, maturing May 2024.","ISA Council confirmed obligation to consider exploitation plan after July 2023; NORI may submit before final regulations."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-059115","json":"https://secwatch.observer/filing/0001104659-23-059115.json","markdown":"https://secwatch.observer/filing/0001104659-23-059115.md","text":"https://secwatch.observer/filing/0001104659-23-059115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923059115/0001104659-23-059115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923059115/tm2315124d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T04:32:54.671620+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0bfc30e1b19e6d2f3cbe7e6ce5f1acf9520aeccc","claim":"TMC the metals Co Inc. reported first quarter ended March 31, 2023 results: net income $nil, EPS $nil.","evidence_excerpt":"Net income and per share amount of $nil for the quarter ended March 31, 2023, after recording a gain on disposition of asset of approximately $14 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798562/000110465923059115/0001104659-23-059115-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Net income","value":"$nil"},{"label":"EPS","value":"$nil"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}