{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-073349","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.024498+00:00","generated_at":"2026-05-17T21:32:48.451368+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TMC releases PFS and IA with combined NPV of $23.6B; declares world-first nodule reserves","bullets":["PFS for NORI-D shows after-tax NPV $5.5B, IRR 27%, 51 Mt probable reserves with 18-yr mine life.","Initial Assessment for TOML/NORI (excl. NORI-D) shows NPV $18.1B, IRR 36%, 670 Mt wet nodules over 23 yrs.","World-first declaration of polymetallic nodule mineral reserves; first production targeted Q4 2027.","Capital-light approach: initial $113M capex each from TMC and Allseas; tolling agreements with PAMCO."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-073349","json":"https://secwatch.observer/filing/0001104659-25-073349.json","markdown":"https://secwatch.observer/filing/0001104659-25-073349.md","text":"https://secwatch.observer/filing/0001104659-25-073349.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465925073349/0001104659-25-073349-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465925073349/tm2521867d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:32:48.451368+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}