---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-119254"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:34:16.053640+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TMC Q3 net loss $20.5M ($0.06/share), registers $17.5M offering; NORI targets June 2025 ISA application

## Summary
- Net loss of $20.5M ($0.06/share) vs $12.5M ($0.04) in Q3 2023.
- Registered direct offering raised min $17.5M at $1.00/share, 50% warrant coverage at $2.00/share, led by largest non-affiliate institutional holder.
- NORI sets June 27, 2025 for ISA exploitation application; expects quarterly cash use <$5M during application review.
- Cash at Sep 30, 2024: $0.4M; total liquidity ~$63M including $17.5M offering proceeds and $10.5M increase in credit facilities.
- Exploration expenses $11.8M (up from $7.9M), G&A $8.1M (up from $4.6M), driven by share-based comp and personnel.

## SEC filing metadata
- accession: 0001104659-24-119254
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465924119254/0001104659-24-119254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465924119254/tm2422285d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-119254
- JSON: https://secwatch.observer/filing/0001104659-24-119254.json
- Plain text: https://secwatch.observer/filing/0001104659-24-119254.txt

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