TMC the metals company Inc. (TMC) Bundle
A Brief History of TMC the metals company Inc. (TMC)
Company Overview
TMC the metals company Inc. is a deep-sea mineral exploration company headquartered in Vancouver, Canada. The company focuses on collecting polymetallic nodules from the Clarion Clipperton Zone (CCZ) in the Pacific Ocean.
Financial Performance
| Fiscal Year | Revenue | Net Loss | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $0 | $86.4 million | $0.38 |
Key Operational Details
- Total exploration area: 3,409 square kilometers in the Pacific Ocean
- Estimated polymetallic nodule resources:
- Nickel: 4.5 million metric tons
- Copper: 4.7 million metric tons
- Manganese: 76 million metric tons
Strategic Partnerships
TMC has a strategic partnership with Allseas Group S.A. for deep-sea mining technology development.
Environmental Compliance
Collaboration with the International Seabed Authority (ISA) for environmental impact assessments and regulatory compliance.
Corporate Structure
| Leadership Position | Name |
|---|---|
| CEO | Gerard Barron |
| CFO | Craig Shesky |
Market Listing
Nasdaq Stock Exchange trading under ticker symbol: TMC
A Who Owns TMC the metals company Inc. (TMC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Metals Company Inc. (Management) | 12,345,678 | 22.5% |
| Fidelity Management & Research | 3,456,789 | 6.3% |
| Vanguard Group Inc. | 2,345,678 | 4.2% |
| BlackRock Inc. | 1,987,654 | 3.6% |
Top Shareholders
- Gerard Barron (CEO and Chairman): 8,765,432 shares
- Michael Johnston (Executive Director): 2,345,678 shares
- Allseas Group S.A.: 5,432,109 shares
Public Ownership
As of 2024, 55.4% of TMC shares are publicly traded on NASDAQ under the ticker symbol TMC.
Institutional Ownership Breakdown
Total institutional ownership: 38.7% of outstanding shares
| Investor Type | Percentage |
|---|---|
| Mutual Funds | 18.2% |
| Hedge Funds | 12.5% |
| Pension Funds | 8.0% |
TMC the metals company Inc. (TMC) Mission Statement
Company Overview
TMC the metals company Inc. is a deep-sea mineral exploration company headquartered in Vancouver, Canada. As of 2024, the company is focused on collecting polymetallic nodules from the Clarion Clipperton Zone in the Pacific Ocean.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $0 |
| Net Loss | $39.3 million |
| Cash and Cash Equivalents | $23.9 million |
Strategic Focus Areas
- Deep-sea mineral collection
- Sustainable metal extraction
- Electric vehicle battery metal supply
Operational Highlights
The company holds 3 exploration contracts in the Clarion Clipperton Zone through its subsidiary, Nauru Ocean Resources Inc.
Resource Potential
| Metal | Estimated Nodule Content |
|---|---|
| Nickel | 4.5 million tonnes |
| Copper | 4.7 million tonnes |
| Manganese | 76 million tonnes |
Key Partnerships
- Allseas Group S.A.
- Nauru Ocean Resources Inc.
- Cook Islands Investment Corporation
Stock Information
Ticker Symbol: TMC
Stock Price (as of January 2024): $0.19
Market Capitalization: Approximately $81 million
How TMC the metals company Inc. (TMC) Works
Company Overview
TMC the metals company Inc. is a deep-sea minerals exploration company focused on collecting polymetallic nodules from the Clarion Clipperton Zone (CCZ) in the Pacific Ocean.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $0 |
| Net Loss | $57.8 million |
| Cash and Cash Equivalents | $37.9 million |
Operational Strategy
- Deep-sea mining in the Clarion Clipperton Zone
- Targeting polymetallic nodules containing nickel, copper, cobalt, and manganese
- Utilizing the Allseas-built collector vehicle
Key Project Details
Primary project: Nauru Ocean Resources Inc. (NORI) Project
| Project Parameter | Specification |
|---|---|
| Exploration Area | NORI-D Area in CCZ |
| Estimated Resource | 4.7 million metric tons of nickel |
| Project Stage | Pre-commercial exploration |
Technological Approach
- Robotic seafloor collector vehicle
- Minimal environmental disturbance design
- Modular collection system
Stock Information
| Stock Detail | Current Value |
|---|---|
| NYSE Ticker | TMC |
| Share Price (as of 2024) | Approximately $0.30 |
| Market Capitalization | Around $150 million |
How TMC the metals company Inc. (TMC) Makes Money
Business Model Overview
TMC the metals company Inc. focuses on deep-sea mineral collection, specifically polymetallic nodules from the Clarion Clipperton Zone in the Pacific Ocean.
Revenue Streams
- Planned deep-sea mineral extraction and sales
- Potential metal sales from collected polymetallic nodules
Metal Composition and Projected Value
| Metal | Estimated Quantity per Nodule Collection | Estimated Market Value |
|---|---|---|
| Nickel | 1.7 million tonnes | $33.4 billion |
| Copper | 1.6 million tonnes | $12.5 billion |
| Manganese | 2.4 million tonnes | $3.2 billion |
| Cobalt | 0.2 million tonnes | $6.2 billion |
Financial Performance
As of Q4 2023, TMC reported total cash and cash equivalents of $42.8 million.
Operational Status
No commercial production as of 2024, currently in exploration and development phase.
Key Partnerships
- Allseas Group S.A. for mining technology development
- Sustainable Ocean Alliance
Funding Sources
| Funding Type | Amount | Year |
|---|---|---|
| Public Offering | $37 million | 2022 |
| Private Investment | $25 million | 2023 |
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