- CEO
- Gerard Barron
- Full Time Employees
- 47
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 595 Howe Street Vancouver Canada V6C 2T5
- IPO Date
- Sep 14, 2021
- Business
- TMC the metals company Inc. (TMC) is a deep-sea minerals exploration and development company focused on the collection, processing, and refining of polymetallic nodules from the seafloor in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean; these nodules yield high-grade nickel sulfate and intermediates for battery cathode precursors, copper cathode for electric wiring and energy transmission, and manganese silicate feedstock for alloy production in steel manufacturing; the company's products target electric vehicle batteries, energy storage systems, renewable energy infrastructure, defense applications, and industrial manufacturing sectors. TMC holds exploration and commercial rights through subsidiaries in two key CCZ contract areas, including the NORI areas sponsored by Nauru and the TOML areas sponsored by Tonga; it operates primarily in international waters approximately 1,300 nautical miles southwest of San Diego, California, with onshore processing development targeted for the United States; founded in 2011 and headquartered in Vancouver, British Columbia, Canada, TMC went public in 2021 via a business combination and maintains strategic partnerships with entities like Allseas for nodule collection technology. In recent developments, TMC published SEC S-K 1300-compliant technical reports in August 2025, including a world-first Pre-Feasibility Study (PFS) for the NORI-D project declaring 51 million tonnes of probable mineral reserves with a $5.5 billion NPV and targeting commercial production start in Q4 2027, alongside an Initial Assessment of broader NORI and TOML resources showing a combined $23.6 billion NPV; the company secured an $85.2 million strategic equity investment from Korea Zinc in June 2025, enhancing refining capabilities for its intermediates, and completed a $37 million registered direct offering led by key investors including Michael Hess and Allseas; TMC also renewed sponsorship agreements with Nauru in June 2025 and Tonga in August 2025 to ensure continuity benefits under U.S. regulatory pathways, received full compliance notice from NOAA for TMC USA's exploration licenses in August 2025 advancing toward certification, and appointed Michael Hess and Alex Spiro to its board in June 2025 to support U.S. strategy execution.