secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001104659-25-059701
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC secures $85.2M strategic investment from Korea Zinc; closes June 26
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- Korea Zinc to buy 19.6M shares at $4.34 share/unit and receive warrants for 6.9M shares at $7.00, gross proceeds $85.2M.
- Korea Zinc becomes ~5% shareholder; gets participation right in future equity offerings and board observer seat.
- Partnership includes Korea Zinc evaluating TMC nodule materials for US-based refining and pCAM manufacturing.
- TMC pro forma cash ~$120M; PFS expected Q3 2025; commercial recovery permit under NOAA review after Trump exec order.
- Warrant term three years with compulsory exercise if TMC shares trade >$10 for 20 consecutive trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465925059701/0001104659-25-059701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465925059701/tm2518091d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-059701

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