{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-035748","form_type":"8-K","ticker":"TMC","cik":"0001798562","company_name":"TMC the metals Co Inc.","filed_at":"2026-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.211721+00:00","generated_at":"2026-05-15T08:40:27.762365+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"TMC reports FY 2025 net loss $319.8M, advances US deep-sea mining permitting and Brownsville hub","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-035748","json":"https://secwatch.observer/filing/0001104659-26-035748.json","markdown":"https://secwatch.observer/filing/0001104659-26-035748.md","text":"https://secwatch.observer/filing/0001104659-26-035748.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1798562/000110465926035748/0001104659-26-035748-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1798562/000110465926035748/tm269884d4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:40:27.762365+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":[{"claim_id":"9288bc1ae5b91f72af0694ea3d09f87b487676f4","claim":"TMC the metals Co Inc. reported financial results for fourth quarter and full year ended December 31, 2025.","evidence_excerpt":"TMC Announces Fourth Quarter and Full Year 2025 Results","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1798562/000110465926035748/0001104659-26-035748-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2025"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}