Mission Statement, Vision, & Core Values of TMC the metals company Inc. (TMC)

What drives a company pushing the boundaries of deep-sea mineral exploration, especially when it claims to be sitting on resources of 1.6 billion tons of nodules containing nickel, copper, cobalt, and manganese? The answer lies in its mission, vision, and core values.

Have you ever wondered what principles guide TMC the metals company Inc. (TMC) as it navigates the uncharted waters of the metals industry? Understanding these guiding stars can offer insights into the company's strategic direction and long-term goals. Read on to explore the mission, vision, and core values that shape TMC's journey.

TMC the metals company Inc. (TMC) An Overview of

TMC the metals company Inc. (TMC), formerly known as DeepGreen Metals Inc., is focused on collecting polymetallic nodules found on the seafloor of the Clarion Clipperton Zone (CCZ) of the Pacific Ocean. These nodules contain high grades of nickel, manganese, copper, and cobalt—key metals required for electric vehicle batteries and renewable energy technologies. The company aims to provide these metals with a lower environmental and social impact compared to traditional land-based mining.

As of April 2025, TMC continues to develop its technology and secure partnerships aimed at commencing commercial operations. While specific sales figures for April 2025 are not yet available, the company's progress in pilot mining and processing operations are closely watched by investors and industry analysts. For more in-depth information, you can explore: TMC the metals company Inc. (TMC): History, Ownership, Mission, How It Works & Makes Money

TMC the metals company Inc. (TMC) Financial Performance:

As of the fiscal year 2024, TMC the metals company Inc. has been actively working towards the development of its deep-sea mining projects. While the company is pre-revenue, focusing on research, development, and securing necessary approvals, it is crucial to consider the financial aspects reported in their filings. Here are some key points from the latest financial reports:

• Net Loss: In 2024, TMC reported a net loss, which is typical for companies in the development phase of large-scale projects. This loss includes significant investments in research and development, environmental studies, and engineering work.
• Cash Position: The company’s cash reserves are an important indicator of its ability to fund ongoing operations and future capital expenditures. As of the end of 2024, TMC maintained a cash balance to support its activities, though the exact amount is subject to market fluctuations and company disclosures.
• Operating Expenses: A significant portion of TMC’s expenditure is allocated to operating expenses, covering administrative costs, exploration activities, and environmental impact assessments. These expenses are vital for meeting regulatory requirements and advancing the project.
• Strategic Investments: TMC has been making strategic investments in technology and partnerships to enhance its operational capabilities. These investments are aimed at improving efficiency and reducing the environmental footprint of its nodule collection process.

Introduction to TMC as an Industry Leader:

TMC the metals company Inc. is positioning itself as a leader in the emerging deep-sea mining industry. The company's focus on sourcing critical battery metals from polymetallic nodules offers a potential alternative to traditional mining, with the promise of reduced environmental and social impacts. TMC's success hinges on several factors, including technological advancements, regulatory approvals, and sustainable operational practices. Exploring these aspects further will provide a comprehensive understanding of why TMC the metals company Inc. is considered a key player in the future of metal supply.

TMC the metals company Inc. (TMC) Mission Statement

TMC the metals company Inc. (TMC), a deep-sea minerals exploration company, is focused on collecting, processing, and refining polymetallic nodules from the seafloor. These nodules contain high concentrations of nickel, copper, cobalt, and manganese, which are essential for energy infrastructure and industrial manufacturing.

The company's mission is 'to build a carefully managed metal commons that will be used, recovered, and reused again and again'. TMC envisions a future where the same metal atoms can be used for millennia, promoting a circular metal economy and minimizing environmental damage. The company aims to eliminate metal loss to landfills and reduce harm to the planet and its inhabitants.

TMC's mission has two core components:

• Supplying metals for the global energy transition with the least possible negative impacts on the planet and people.
• Tracing, recovering, and recycling the metals it supplies to help create a metal commons that can be used in perpetuity.

The company believes that polymetallic nodules can become an abundant source of battery metals with a low environmental footprint and many social benefits.

TMC is committed to:

• Delivering outstanding customer service.
• Providing exciting opportunities for its employees.
• Improving its communities.
• Creating value for its investors.

TMC aims to revolutionize how critical minerals are sourced and recycled. The company is developing the world's largest estimated resource of metals required for electric vehicles and low-carbon energy.

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TMC the metals company Inc. (TMC) Vision Statement of

The vision of TMC the metals company Inc. (TMC) reflects its ambition to revolutionize the metals industry by focusing on sustainability and innovation. Understanding this vision requires a look into the specific goals and values that drive the company. For further insights into TMC's background, you might find this resource helpful: TMC the metals company Inc. (TMC): History, Ownership, Mission, How It Works & Makes Money

Core Elements of TMC's Vision

TMC's vision is built around several core elements that define its strategic direction and operational philosophy:

• Sustainability: At the heart of TMC's vision is a commitment to minimizing environmental impact. This involves developing methods for extracting metals from polymetallic nodules on the ocean floor in a way that reduces harm to marine ecosystems compared to traditional land-based mining.
• Innovation: TMC aims to lead the industry through technological advancements. This includes pioneering new techniques for resource extraction and processing that are more efficient and environmentally friendly.
• Resource Abundance: TMC envisions a future where the supply of critical metals is more secure and abundant. By accessing the vast resources of the ocean floor, TMC seeks to reduce reliance on traditional mining sources and ensure a stable supply for industries worldwide.
• Circular Economy: The company is dedicated to promoting a circular economy model, where materials are recycled and reused to minimize waste. This approach aligns with global efforts to create more sustainable and resilient supply chains.

Impact and Goals

TMC's vision extends beyond just extracting metals; it includes a broader impact on society and the environment:

• Environmental Stewardship: TMC aims to set new standards for environmental responsibility in the mining industry. This includes investing in research to understand and mitigate the impact of its operations on marine ecosystems.
• Economic Development: By unlocking new sources of critical metals, TMC hopes to support economic development and technological innovation worldwide. This involves providing industries with the resources they need to grow and create jobs.
• Social Responsibility: TMC is committed to engaging with local communities and stakeholders to ensure that its operations benefit society as a whole. This includes promoting transparency and accountability in its business practices.

Financial and Operational Context

While the vision outlines the aspirational goals, it is important to consider the financial and operational context in which TMC operates. As of the fiscal year 2024, TMC reported a net loss of $75.8 million. The company’s focus remains on advancing its pilot mining program and securing strategic partnerships to support its long-term objectives. These activities are crucial for realizing the vision of sustainable and innovative metal extraction.

Challenges and Opportunities

TMC faces several challenges in achieving its vision, including regulatory hurdles, technological risks, and environmental concerns. However, the company also has significant opportunities to capitalize on the growing demand for critical metals and the increasing focus on sustainability. By addressing these challenges and leveraging its strengths, TMC can make significant progress toward realizing its vision of a more sustainable and resource-abundant future.

TMC the metals company Inc. (TMC) Core Values

TMC the metals company Inc. (TMC) is dedicated to supplying metals for the clean energy transition while minimizing environmental and social impact. TMC aims to accelerate the shift to a circular metal economy. The company holds exploration rights to polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean, regulated by the International Seabed Authority and sponsored by Nauru, Kiribati, and the Kingdom of Tonga.

More information is available at: TMC the metals company Inc. (TMC): History, Ownership, Mission, How It Works & Makes Money

Building a Carefully Managed Metal Commons

TMC's core mission is to 'build a carefully managed metal commons that will be used, recovered, and reused again and again'. This vision focuses on:

• Sustainability: Aiming for a closed-loop system where metals are not lost to landfills but continuously recycled.
• Resource Efficiency: Maximizing the utility of each metal atom through multiple technological cycles.
• Environmental Responsibility: Minimizing damage to the planet and its inhabitants.

To support this mission, TMC is developing what it believes to be the world's largest estimated resource of metals needed for electric vehicles and low-carbon energy. The company intends to produce three types of metal products from seafloor polymetallic nodules: feedstock for battery cathode precursors (nickel and cobalt sulfates), copper cathode, and manganese silicate.

Lower-Impact Battery Metals

TMC is committed to sourcing battery metals with the 'least possible negative impacts on planet and people'. This commitment involves:

• Environmental Data: TMC makes extensive deep-sea submissions of environmental data to UNESCO's Ocean Biodiversity Information System.
• Ecosystem-Based Monitoring: TMC contracts CSIRO-led Consortium to pioneer ecosystem-based environmental monitoring and management plans for deep-sea nodule collection.
• Reducing MetCoal Consumption: TMC identified ways to reduce metcoal consumption by at least 10%.
• Retrofitting Vessels: TMC's offshore partner Allseas retrofitted a 228-meter-long former drill ship into the first subsea mining vessel.
• Social Impact Assessment: TMC engaged Prizma to conduct a scoping study and a social impact assessment for the NORI-D project.
• Community Engagement: TMC has a formalized grant program in Nauru and Tonga for community-led initiatives.

TMC believes that collecting polymetallic nodules from the seafloor of the Clarion Clipperton Zone (CCZ) offers an opportunity to provide an abundant supply of critical minerals with minimal social and environmental impact.

Traceability and Circularity

TMC aims to 'trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity'. This involves:

• Metal Tracking: Implementing systems to track metals from extraction to end-of-life.
• Recycling Technologies: Investing in technologies for the efficient recovery and reuse of metals.
• Circular Business Model: Transitioning to a business model focused on secondary metals.

The company's strategic plan includes expanding metal stocks through primary metal production before transitioning to a business model that tracks, recovers, and recycles secondary metals.

Sustainability and Innovation

TMC integrates sustainability into its business through a dedicated governance structure. Key aspects include:

• Sustainability & Innovation Committee: TMC Has a Sustainability & Innovation Committee at the Board.
• Chief Sustainability Officer: TMC has a Chief Sustainability Officer.
• Clear Sustainability Goals: TMC has developed Clear Sustainability Goals.
• ESG Handbook: TMC joins International Consortium to Develop the First ESG Handbook for Marine Minerals.

Accountability for ESG-related performance is integrated across all levels of the company. The CEO is responsible for overall sustainability performance, while the board oversees the sustainability strategy.

Commitment to Sponsoring States

TMC is dedicated to creating shared value with its sponsoring states (Nauru, Tonga, and Kiribati) through:

• Revenue Generation: Providing revenue generation opportunities.
• Community Initiatives: Supporting community-led initiatives.
• Education and Training: Offering education, training, and capacity-building opportunities.
• Resilience Support: Supporting efforts to increase resilience against challenges like natural disasters.

TMC works with partners who share its commitment to ensuring the safety and well-being of all those who work for and with the company. Since 2020, TMC has provided 63 training opportunities and scholarships.