---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-048499"
form_type: "8-K"
ticker: "TMC"
cik: "0001798562"
company_name: "TMC the metals Co Inc."
filed_at: "2025-05-14T23:59:59+00:00"
generated_at: "2026-05-21T09:46:18.966205+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TMC Q1 net loss $20.6M; $37M strategic investment; first-ever commercial recovery permit filed

## Summary
- Q1 net loss $20.6M ($0.06 loss per share) vs $25.1M loss YoY; cash $2.3M, total liquidity $43.8M including credit facility.
- Registered direct offering raising $37M gross (12.3M shares at $3.00) led by Hess and Paes-Braga, with 3-year warrants at $4.50.
- TMC USA submitted first-ever commercial recovery permit application under U.S. DSHMRA on April 29, 2025, ahead of schedule.
- President Trump signed Executive Order on April 24 directing expedited deep-sea mining permitting; CEO testified to House committee.
- Appointed Rutger Bosland as CIOTO; PAMCO smelted 450 tonnes of nodules into NiCuCo alloy and Mn silicate at scale.

## SEC filing metadata
- accession: 0001104659-25-048499
- form_type: 8-K
- ticker: TMC
- cik: 0001798562
- company_name: TMC the metals Co Inc.
- filed_at: 2025-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/0001104659-25-048499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-048499
- JSON: https://secwatch.observer/filing/0001104659-25-048499.json
- Plain text: https://secwatch.observer/filing/0001104659-25-048499.txt

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