2.62
+15.42%
Close of 9 Nov 2026, in USD
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About TMC the metals company
From its filings with the US Securities and Exchange Commission
TMC the metals company is based in Vancouver, British Columbia, Canada and is incorporated in British Columbia, Canada. Its shares trade on Nasdaq under the ticker TMC. The SEC classifies its business as metal mining. In the fiscal year to 31 December 2025, it reported a net loss of $319.8m. At that date it held total assets of $181.6m and shareholders' equity of −$33.4m.
We are a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (“CCZ”), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,737,000 square miles). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in significant quantities in the CCZ and have high concentrations of nickel, copper, cobalt and manganese, alongside meaningful concentrations of rare earth elements (REE) in a single rock.
Our mission is to build a carefully managed, shared stock of metal (a “metal commons”) that can be used, recovered and reused for generations to come. We believe significant quantities of newly mined metal are required because existing metal stocks are insufficient to meet rapidly rising demand.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 26 Jun 2020
- Employees
- 48
- Website
- metals.co ↗
- Head office
- 1111 WEST HASTINGS STREET, VANCOUVER, A1, V6E 2J3
- Incorporated in
- A1
- Classification
- Metal Mining
- Filer status
- Non-accelerated filer
Leadership
Pay as last reported
- Mr. Gerard BarronChairman of the Board, Chief Executive Officer$3.2m
- Mr. Stephen JurvetsonVice Chairman of the Board, since 2024
- Mr. Craig SheskyChief Financial Officer$1.7m
- Mr. Rutger BoslandChief Innovation and Offshore Technology Officer
- Ms. Erika IlvesChief Strategy Officer$1.7m
- Mr. Anthony O'SullivanChief Development Officer$661,376
- Mr. Andrew GreigLead Independent Director$225,000
- Mr. Michael HessDirector
- Mr. Brendan MayDirector$261,154
- Mr. Alex SpiroDirector
- Mr. Andrew HallIndependent Director$206,236
- Mr. Andrei KarkarIndependent Director$210,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Operates in the Metals & Mining sector with a focus on seafloor polymetallic nodules.
- Headquartered in Vancouver, British Columbia, with 48 employees.
- Engages in exploration and development of metallurgical processes for nodules containing nickel, copper, cobalt, and manganese.
Weaknesses
- Relies on a single segment for exploration of seafloor polymetallic nodules.
- Employs only 48 full-time employees, indicating limited operational scale.
- IPO occurred in 2020, suggesting a relatively new company with limited historical data.
Opportunities
- Growing demand for metals used in EV battery cathode precursors and clean energy applications.
- Potential to leverage CCZ zone for exploration and resource development.
- Development of metallurgical processes for nodules could support emerging markets in EV and steel production.
Threats
- Dependence on a single exploration segment with no diversification.
- Limited employee count may hinder scalability and operational capacity.
- Untrusted source description indicates potential discrepancies in employee count and operational details.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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