---
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"
generated_at: "2026-05-15T08:40:27.762365+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-035748
- JSON: https://secwatch.observer/filing/0001104659-26-035748.json
- Plain text: https://secwatch.observer/filing/0001104659-26-035748.txt

## Key facts
- Earnings Releases
  TMC the metals Co Inc. reported financial results for fourth quarter and full year ended December 31, 2025.
  - Period: fourth quarter and full year ended December 31, 2025
  - Result: reported results
  source text: TMC Announces Fourth Quarter and Full Year 2025 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1798562/000110465926035748/0001104659-26-035748-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.