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Companies $TMC
$2.39 -$0.04 (1.65%) Close
TMC the metals company Inc logo

TMC the metals company Inc

metals.co

What Do They Do?

Develops projects to collect, process and refine seafloor polymetallic nodules into nickel-, copper- and cobalt-bearing products and manganese silicate for metal buyers.

How Do They Make Money?

No revenue reported yet.

Who Are Their Customers?

Glencore has rights to buy 50% of annual nickel and copper production from NORI ore directly from TMC subsidiary DGE, at a plant DGE owns or controls.

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Net income
▼ −19% (Loss)
vs −$74.3M in Q2 FY2025

U.S. permitting path The latest report adds a U.S. permitting path while maintaining International Seabed Authority exploration contracts; the older report described exploration and commercial rights under the international authority.

From exploration to development The company describes itself as moving from exploration to development, with a pre-feasibility study and initial assessment for its project areas; the older report said it was still in exploration.

Planned product formats The older report described battery precursor feedstock, copper cathode and manganese silicate; the latest adds nickel-, cobalt- and copper-bearing intermediate and cathode products, with possible later formats and rare earth extraction.

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