{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-078582","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2025-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.024939+00:00","generated_at":"2026-05-17T13:21:22.221929+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TMC reports Q2 net loss $74.3M; publishes NORI-D PFS with $5.5B NPV, targets Q4 2027 production","bullets":["Q2 2025 operating loss $22M, net loss $74.3M ($0.20/share); cash $115.8M at June 30, 2025.","Published world-first PFS for NORI-D: NPV $5.5B, 51Mt probable reserves, targeting Q4 2027 production start.","Initial Assessment of broader NORI/TOML areas: NPV $18.1B; combined $23.6B across both studies.","NOAA confirmed full compliance of TMC USA exploration license applications; now in certification stage (~100 days).","Strategic investments: Korea Zinc $85.2M ($4.34/share) and RDO $37M ($3.00/share) bolster cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-078582","json":"https://secwatch.observer/filing/0001104659-25-078582.json","markdown":"https://secwatch.observer/filing/0001104659-25-078582.md","text":"https://secwatch.observer/filing/0001104659-25-078582.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465925078582/0001104659-25-078582-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465925078582/tm2523537d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:21:22.221929+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"}