TMC the metals company Inc (OQ:TMC)
Business Focus: Specialty Mining & Metals
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 595 Howe Street, 10th Floor VANCOUVER BC V6C 2T5 |
| Tel: | N/A |
| Website: | https://metals.co |
| IR: | See website |
| Key People | ||
| Gerard Barron Chairman of the Board, Chief Executive Officer | Steve T. Jurvetson Vice Chairman of the Board | Craig Shesky Chief Financial Officer |
| Erika Ilves Chief Strategy Officer | Anthony Osullivan Chief Development Officer | Gregory Stone Chief Ocean Scientist |
| Business Overview |
| TMC the metals company Inc. is a deep-sea minerals exploration company, which is focused on the collection, processing and refining of polymetallic nodules found on the seafloor of the Clarion Clipperton Zone of the Pacific Ocean (CCZ). The CCZ is a zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of approximately 4,500 miles. The Company operates only one segment, which is engaged in exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules. These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as feedstock for battery cathode precursors (nickel and cobalt sulfates) for electric vehicles (EV), nickel-copper-cobalt matte and/or copper cathode for EV wiring, clean energy transmission, and other applications and manganese silicate for manganese alloy production require for steel production. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, TMC the metals company Inc revenues was not reported. Net loss decreased 57% to $73.8M. Lower net loss reflects Exploration and evaluation expenses - Ba decrease of 67% to $44.8M (expense), Share-based compensation decrease of 52% to $4.1M (expense), Share-based compensation decrease of 41% to $5M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.71 to -$0.26. |
| Employees: | 46 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $464.53M as of Mar 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
| EBITDA (TTM): | -$72.03M as of Mar 31, 2024 |
| Net annual income (TTM): | -$73.78M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$60.15M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 320,510,004 as of May 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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