We have new high-caliber people joining the company: Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC's Board of Directors as Vice Chairman and Special Advisor to the CEO
More importantly, TMC has no debt...and a new unsecured credit facility has just announced their support. (See below)
Gerard Barron, CEO & Chairman of The Metals Company commented: "Over the last 12 years, we've completed 22 offshore campaigns on the NORI-D area to build a data-driven picture of the marine environment and how it is impacted by nodule collection. NORI's investment in research by the world's leading deep-sea research institutions has produced the most comprehensive dataset ever collected in the CCZ and a fair bit of excitement among the researchers. Our latest campaign to assess the state of the ecosystem 12 months after the nodule collection pilot finished earlier this month, and the observed state of the seafloor ecosystem was encouraging. We believe we now have sufficient real-world data to address most of the concerns raised by those who oppose the industry, and we look forward to researchers publishing their findings in peer-reviewed literature and NORI submitting its Environmental Impact Statement to the International Seabed Authority (ISA). Perceptions of the environmental peril of nodule collection are starting to be publicly challenged by ocean scientists: it was exciting to see an influential group like the Breakthrough Institute publicly weigh into the debate."
"We are also encouraged by the pace of U.S. initiatives aimed at supporting domestic processing and refining of polymetallic nodules, as well as re-invigorated calls for the U.S. to ratify the Law of the Sea treaty and take advantage of Member State rights that come with the ratification. Meanwhile, two new applications for deep-sea mineral exploration have recently been submitted to the ISA by the government of India. With support for deep-sea minerals growing, I'm happy to provide additional financial flexibility to TMC in the form of a new unsecured credit facility alongside our director and largest shareholder Andrei Karkar, which is in addition to the existing and recently extended Allseas credit facility. As discussions with potential strategic partners continue, these significant sources of liquidity from our three largest shareholders will help ensure that we can deliver a world-class application for an exploitation contract following the July 2024 ISA session."
Recent TMC News
- TMC and SGS Produce World-First Cobalt Sulfate from Deep-Seafloor Polymetallic Nodules • GlobeNewswire Inc. • 06/12/2024 12:00:00 PM
- The Metals Company Welcomes Prominent Sustainability Strategist Brendan May to its Board of Directors • GlobeNewswire Inc. • 06/03/2024 12:00:00 PM
- TMC Commends U.S. House of Representatives for Allocating Defense Funding to Assess the Feasibility of Domestic Nodule Refining Capacity • GlobeNewswire Inc. • 05/23/2024 01:05:32 PM
- TMC Announces First Quarter 2024 Results • GlobeNewswire Inc. • 05/13/2024 08:05:33 PM
- TMC Subsidiary Submits Its Largest Deep-Sea Environmental Data Set Yet to International Seabed Authority • GlobeNewswire Inc. • 05/13/2024 02:12:26 PM
- The Metals Company Announces First Quarter 2024 Corporate Update Conference Call for Monday, May 13, 2024 • GlobeNewswire Inc. • 05/06/2024 08:30:35 PM
- TMC & SGS Produce World-First Nickel Sulfate from Deep-Seafloor Polymetallic Nodules • GlobeNewswire Inc. • 04/23/2024 12:00:41 PM
- Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC’s Board of Directors as Vice Chairman and Special Advisor to the CEO • GlobeNewswire Inc. • 04/10/2024 12:30:00 PM
- TMC Announces Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 03/25/2024 08:05:24 PM
- The Metals Company Fourth Quarter and Full Year 2023 Corporate Update Conference Call for Monday, March 25, 2024 • GlobeNewswire Inc. • 03/18/2024 08:05:24 PM
- TMC Applauds ~350 Former U.S. Political and Military Leaders Urging Senate to Ratify Law of the Sea for Deep-Sea Mine Sites "Each Containing a Trillion Dollars in Value" • GlobeNewswire Inc. • 03/14/2024 12:00:00 PM
- TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources • GlobeNewswire Inc. • 03/13/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 02:38:25 AM
- Pentagon to Deliver Report on Domestic Processing of Seafloor Nodules by March 1 as President Biden Signs NDAA • GlobeNewswire Inc. • 01/03/2024 01:30:29 PM
- TMC Subsidiary NORI Completes Key Offshore Research Campaign, Evaluating Seafloor Ecosystem Function a Year Post Nodule Collection Test • GlobeNewswire Inc. • 12/28/2023 01:00:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/22/2023 09:12:21 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/21/2023 09:58:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 09:57:04 PM
- TMC Subsidiary NORI Shares Preliminary Findings on Environmental Impacts of Pilot Nodule Collection System Test • GlobeNewswire Inc. • 12/14/2023 01:00:39 PM
- Thirty-One Members of Congress Call Upon Pentagon to Develop Plan for Processing Deep-Sea Polymetallic Nodules • GlobeNewswire Inc. • 12/12/2023 09:05:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/11/2023 05:15:25 AM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/04/2023 11:07:24 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 10:16:40 PM
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM