TMC the metals Co Inc. 8K

TMC the metals company Inc. issued a Q1 2026 update reporting continued losses but solid liquidity, a landmark commercial nodule recovery agreement with Allseas, significant progress toward NOAA permitting, and value linkage to newly public The Metals Royalty Co.

On May 14, 2026, TMC the metals company Inc. reported its first quarter 2026 results and a broad corporate update, highlighting $119.7 million in cash and approximately $164 million of total liquidity, a quarterly net loss of $20.6 million, and the absence of financial debt, while announcing a major commercial agreement with Allseas to develop, commission and operate the first commercial polymetallic nodule collection system with a nameplate capacity of 3.0 million wet tonnes per year targeted for commissioning in Q4 2027, progress on U.S. permitting with NOAA’s determination that TMC USA’s consolidated exploration license and commercial recovery permit application for the USA A project is in full compliance and expected to conclude before the end of Q1 2027, the submission of extensive deep-sea environmental datasets to the International Seabed Authority, the start of public trading of The Metals Royalty Co. (Nasdaq: TMCR) in which TMC holds roughly a 25% equity stake and retains rights to repurchase most of the NORI royalty, and an industry backdrop shaped by new NOAA rules and a U.S. executive order supporting offshore critical mineral development.

Filing Facts

CIK

1798562

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-061202

Alert Tier

7