TMC reports FY 2025 net loss $319.8M, advances US deep-sea mining permitting and Brownsville hub

TMC the metals Co Inc.

Q4 2025 net loss $40.4M ($0.08/sh) vs $16.1M ($0.04/sh) in Q4 2024; FY net loss $319.8M ($0.83/sh) vs $81.9M ($0.25/sh) in 2024.
Cash at Dec 31, 2025: $117.6M; total liquidity including undrawn credit facilities ~$162M.
Exclusive negotiations for 1,466 acres at Port of Brownsville for 12 Mtpa nodule processing hub; prefeasibility study underway, conditional on US gov't support.
On Mar 9, 2026, NOAA found TMC USA's consolidated deep-seabed mining application in substantial compliance under DSHMRA.
Signed strategic partnership with Mariana Minerals on Mar 19 for feasibility study and AI-enabled process controls for Brownsville facility.

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