The Metals Company Provides Second Quarter 2024 Corporate Update
TMC the metals company Inc. (TMC)
Company Research
Source: GlobeNewswire
NEW YORK, Aug. 14, 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 financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Current liquidity available from credit facilities of approximately $48.3 millionIncreased borrowing capacity of our unsecured credit facilities by $7.5 million in August 2024: ERAS/Barron facility from $20 million to $25 million, andAllseas Group SA affiliate facility from $25 million to $27.5 million $12.1 million cash used in operations for the quarter ended June 30, 2024Net loss of $20.2 million and net loss per share of $0.06 for the quarter ended June 30, 2024 Gerard Barron, Chairman & CEO of The Metals Company commented: “This quarter, I was very pleased to welcome two new Directors to our Board, both of whom are leaders
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Earnings
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Sec Filings
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- 8/16/24 - Form 8-K
- 8/14/24 - Form 10-Q
- TMC's page on the SEC website