---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-116783"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:06:20.808913+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TMC updates NORI ISA application date to June 27, 2025; Q3 cash $0.4M, ops expenses $20M

## Summary
- NORI expects to submit exploitation contract application to ISA on June 27, 2025; Nauru requests process clarity at March 2025 ISA Council.
- Preliminary Q3 2024: cash on hand $0.4M, short-term debt $9.2M, operating expenses $20.0M, net cash used in ops $5.7M.
- After application submission, quarterly cash use expected below $5M; reducing expenses and deferring Hidden Gem vessel capex.
- Expanding strategy: exploring seafloor resource services business and portfolio diversification; in discussions with several parties.
- Undrawn credit facilities: $20.8M (2024) and $27.5M (2023); ATM capacity of $25M remaining.

## SEC filing metadata
- accession: 0001104659-24-116783
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924116783/0001104659-24-116783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924116783/tm2427511d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-116783
- JSON: https://secwatch.observer/filing/0001104659-24-116783.json
- Plain text: https://secwatch.observer/filing/0001104659-24-116783.txt

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