secwatch.observer — SEC 8-K summary
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Issuer:     TMC the metals Co Inc. (TMC)
CIK:        0001798562
Form:       8-K
Filed at:   2026-08-13T20:02:38+00:00
Accession:  0001104659-26-095883
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TMC Q2 2026 net loss $60.1M; cash $98.7M; NOAA/ITLOS progress
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- Net loss $60.1M ($0.14/sh) vs $74.3M ($0.20/sh) in Q2 2025; exploration costs $56.1M incl. $37.2M Allseas settlement.
- Cash $98.7M, no debt; liquidity ~$143M; $20.1M cash used in ops incl. $9M equity withholdings.
- NOAA progressing USA-A/B permits; USA-B certified May 26, 2026; permit expected before Q4 2027 commissioning.
- ITLOS ordered ISA to respect NORI/TOML due process on Jul 18; ISA approved 5-yr NORI contract extension Jul 20.
- Signed MSA with Mariana Minerals (Jul 21) and MMSA with Eco Minerals (Jul 22); Allseas system 3.0M wet t/yr.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1798562/000110465926095883/0001104659-26-095883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1798562/000110465926095883/tm2623094d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-095883

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