TMC Announces First Quarter 2024 Results
TMC the metals company Inc. (TMC)
Company Research
Source: GlobeNewswire
NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and first quarter financial results for the period ending March 31, 2024. Q1 2024 Financial Highlights $11.9 million cash used in operations for the quarter ended March 31, 2024Net loss of $25.2 million and net loss per share of $0.08 for the quarter ended March 31, 2024Total liquidity of approximately $49 million at March 31, 2024, inclusive of: Cash of $4.0 millionThe $25 million unsecured credit facility from an affiliate of Allseas Group SA with a maturity date of August 2025The $20 million unsecured credit facility with a maturity date of September 2025 provided by our largest shareholder, ERAS Capital LLC (the family office of TMC director Andrei Karkar), and our Chairman & CEO, Gerard Barron Subsequent to March 31, 2024, TMC has drawn approximately $2.9
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TMC
News
- World First: TMC and PAMCO Achieve Breakthrough in Commercial-Scale Processing of Polymetallic Nodules, Successfully Producing CalcineGlobeNewswire
- The Metals Company Provides Second Quarter 2024 Corporate UpdateGlobeNewswire
- The Metals Company Announces Second Quarter 2024 Corporate Update Conference Call for Wednesday, August 14, 2024GlobeNewswire
TMC
Earnings
- 8/14/24 - Miss
TMC
Sec Filings
- 9/12/24 - Form 8-K
- 8/16/24 - Form 8-K
- 8/14/24 - Form 10-Q
- TMC's page on the SEC website