TMC raises $17.5M in registered direct offering of common shares and Class B warrants

TMC the metals Co Inc.

Offering of 17.5M common shares at $1.00 each with Class B warrants to buy 8.75M shares at $2.00.
Gross proceeds ~$17.5M; net proceeds for working capital and general corporate purposes.
Closing expected on or before November 22, 2024.
Borrowing limit under unsecured credit facility with Allseas Group returns to $25.0M after closing.
A.G.P./Alliance Global Partners placement agent; Cantor Fitzgerald and EAS Advisors as financial advisors.

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