{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-060528","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.163419+00:00","generated_at":"2026-06-02T02:36:32.168212+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TMC posts Q1 net loss of $25.2M, widening from $13.7M; cash use $11.9M","bullets":["Net loss $25.2M ($0.08/share) vs $13.7M ($0.05) year ago; exploration expenses rose to $18.1M from $7.2M.","Total liquidity ~$49M at March 31, including $4M cash and $45M undrawn credit facilities; post-quarter drew $2.9M.","Steve Jurvetson joined board as Vice Chairman and special advisor to CEO in April 2024.","World-first nickel sulfate production from seafloor nodules announced; environmental data submitted to ISA.","Company expects sufficient liquidity for at least next twelve months."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-060528","json":"https://secwatch.observer/filing/0001104659-24-060528.json","markdown":"https://secwatch.observer/filing/0001104659-24-060528.md","text":"https://secwatch.observer/filing/0001104659-24-060528.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465924060528/0001104659-24-060528-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465924060528/tm2414049d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:36:32.168212+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":"2a720fa23f19e42d16885cd291cee8b31e7d1ef1","claim":"TMC the metals Co Inc. reported the first quarter ended March 31, 2024 results: net income Net loss of $25.2 million and net loss per share of $0.08, EPS $0.08 per share.","evidence_excerpt":"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 first quarter financial results for the period ending March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798562/000110465924060528/0001104659-24-060528-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Net income","value":"Net loss of $25.2 million and net loss per share of $0.08"},{"label":"EPS","value":"$0.08 per share"},{"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"}