---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-089674"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:23:41.290249+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TMC metals reports Q2 2024 net loss of $20.2M, liquidity of $48.3M from credit facilities

## Summary
- Net loss $20.2M ($0.06 loss per share) vs $14.1M ($0.05 loss) in Q2 2023.
- Cash used in operations $12.1M; cash at June 30, 2024 was $0.5M, with short-term debt $5.9M.
- Increased borrowing capacity on credit facilities by $7.5M in Aug 2024: ERAS/Barron to $25M, Allseas affiliate to $27.5M; total liquidity ~$48.3M.
- Produced world-first cobalt sulfate from seafloor nodules; appointed Steve Jurvetson as Vice Chairman and Brendan May to board.
- ISA continues Mining Code negotiations targeting 2025 adoption; U.S. House allocated $2M for nodule refining feasibility study.

## SEC filing metadata
- accession: 0001104659-24-089674
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924089674/0001104659-24-089674-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924089674/tm2415212d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-089674
- JSON: https://secwatch.observer/filing/0001104659-24-089674.json
- Plain text: https://secwatch.observer/filing/0001104659-24-089674.txt

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