TMC increases working capital loan from Allseas from $5M to $7.5M

TMC the metals Co Inc.

Amended working capital loan with Allseas Investments SA: loan amount increased from $5M to $7.5M.
Additional $2.5M for general corporate purposes; $1.2M advanced Oct 18, $1.3M advanced Oct 21, 2024.
Original loan agreement dated September 9, 2024; amendment executed October 18, 2024.
Lender Allseas Investments SA is a Swiss corporation; terms otherwise unchanged.

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