TMC metals : The Metals Company First Quarter 2025 Corporate Update (12f0e0)

Published: 2025-05-14 16:31:29 ET TMC

Published on 05/14/2025 at 16:31

May 14, 2025

2 Nasdaq: TMC

This presentation contains "forward-looking statements" within the meaning of Section 27A

of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that relate to future events, TMC the metals company Inc.'s ("TMC" or the "Company") future operations and financial performance, and the Company's plans, strategies and prospects. These statements involve risks, uncertainties and assumptions and are based on the current estimates and assumptions of the management of the Company as of the date of this presentation and are subject to uncertainty and

changes. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

Important factors that could cause actual results to differ materially from those indicated by

such forward-looking statements include, among others, those set forth under the heading "Risk Factors"

contained in TMC's Annual Report on Form 10-K for the year ended December 31, 2024, which

was filed with the Securities and Exchange Commission on March 27, 2025, as well as any updates to those risk factors filed from time to time in TMC's subsequent periodic and current reports. All information in this presentation is as of the date of this presentation, and the Company undertakes no duty to update this information unless required by law.

3 Nasdaq: TMC

Issuer

TMC the metals company Inc. (Nasdaq: TMC)

Securities

12.33 million common shares, with each share accompanied by a Class C

warrant

Pricing

$3.00 per common share and warrants exercisable at $4.50 per share, with mandatory exercise if shares trade above $7.00 per share for 20 consecutive days

Gross Proceeds

$37 million gross proceeds before offering expenses

Participants

Michael Hess, Chief Investment Officer of Hess Capital;

Brian Paes-Braga, Managing Partner at SAF Group and Head of SAF Growth;

An existing strategic TMC investor

Expected Closing

May 22, 2025

Use of Proceeds

Proceeds will be used to advance the Company's commercial development plans and for general corporate purposes and are expected to be sufficient to fund operations through the potential issuance of a commercial recovery permit

4 Nasdaq: TMC

TMC USA applications and U.S. regulatory headlines 5

Benefits of the nodule resource 11

NOAA and DSHMRA: U.S. seabed mining code 14

Onshore processing update 17

Environmental impact statement 18

Timing of PFS and project economics update 20

Financial highlights 22

Appendix 26

5 Nasdaq: TMC

Commercial Recovery Permit Application

Exploration License Applications

Disclaimer

TMC the metals company Inc. published this content on May 14, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 14, 2025 at 20:30 UTC.