TMC enters revised sponsorship with Tonga, issues warrant for 1M shares at $5.87

TMC the metals Co Inc.

TOML subsidiary enters revised sponsorship agreement with Kingdom of Tonga, replacing 2021 agreement.
TMC issues warrant to Tonga for 1,000,000 common shares at $5.87 per share, exercisable upon conditions.
TMC guarantees TOML's financial obligations under Tongan law via Deed of Guarantee and Indemnity.
Sponsorship includes seabed mineral recovery payment to Tonga based on polymetallic nodule volumes.
Company to host strategy event Aug 4, 2025 to discuss pre-feasibility study and initial assessment reports.

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