olivLaw · US equity research
TMC the metals company Inc. TMC
Metal Mining · SIC 1000 · Vertical: Metal Mining (SIC 1000)
TMC is a deep seabed minerals developer aiming to collect and process polymetallic nodules from the Clarion Clipperton Zone. The company is in the development stage, with a permit application under review at NOAA and estimated resources in its application areas totalling approximately 1.639 billion wet tonnes, so the authorisation process is central to the project's future.
At the close of 04 Nov 2026, TMC the metals company Inc. (TMC) stock was 2.31 USD (+0.00% on the day), with market capitalisation 1.0 bn USD, P/E 4.2 on diluted EPS of 0.55 USD over the last 12 months, beta 2.13, 52-week range 2.31–9.44 USD. Latest reported quarter (Q2 2026): net income of -60.1 m USD, diluted EPS 0.14 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 30.1
- weak (30–45)
- Bollinger (20, 2)
- 2.08 – 3.26
- in the lower half of the band · %B 0.19 · band width 44.1%
- SMA 50 / 200
- 3.54 / 4.83
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.32 / -0.33
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −38.7% | −1.1% | −37.6 pp | — |
| 3 months | −42.5% | −0.5% | −42.1 pp | — |
| 6 months | −62.5% | +4.4% | −66.9 pp | — |
| Year to date | −62.6% | +12.3% | −74.9 pp | — |
| 1 year | −61.4% | +13.5% | −75.0 pp | −9.4% |
| 3 years | +113.9% | +76.4% | +37.5 pp | +67.8% |
| 5 years | −27.8% | +63.7% | −91.5 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Operating income | -20.0 m | -16.3 m | -18.0 m | -22.0 m | -55.4 m | -44.7 m | -34.0 m | -71.7 m |
| Interest expense | 125.0 k ≈ | 266.0 k | 558.0 k | -430.0 k ≈ | — | — | — | — |
| Pre-tax income | -20.5 m | -16.0 m | -20.6 m | -74.3 m | -184.4 m | -40.4 m | -20.6 m | -60.0 m |
| Income tax | — | — | — | — | 123.0 k | 21.0 k | 44.0 k | 116.0 k |
| Net income | -20.5 m | -16.1 m | -20.6 m | -74.3 m | -184.5 m | -40.4 m | -20.6 m | -60.1 m |
| Diluted EPS | 0.06 | -0.05 ≈ | 0.06 | 0.20 | 0.46 | -0.10 ≈ | 0.05 | 0.14 |
| Operating cash flow | -5.8 m ≈ | -13.7 m | -9.3 m | -10.7 m ≈ | -11.5 m ≈ | -11.4 m | -615.0 k | -20.1 m ≈ |
| Capex | 50.0 k ≈ | 50.0 k | 70.0 k | 50.0 k ≈ | 20.0 k ≈ | 105.0 k | 35.0 k | 33.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 13-quarter history (min 4.4, median 9.9, max 35.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Net income | -9.0 k | -56.6 m | -141.3 m | -171.0 m | -73.8 m | -81.9 m | -319.8 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | 0.32 | 0.69 | 0.71 | 0.26 | 0.25 | 0.83 |
| Diluted EPS YoY | unavailable | unavailable | +115.6% | +2.9% | −63.4% | −3.8% | +232.0% |
| net % | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | -60.2 m | -44.0 m | -43.1 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 117.6 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- -33.4 m USD
- Total assets
- 181.6 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.03x
- ROE
- unavailable
- ROA
- -261.5%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating income | -56.6 m | -149.6 m | -174.1 m | -72.4 m | -81.3 m | -140.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Interest expense | — | — | — | — | 416.0 k | — | SEC (XBRL)· 27 Mar 2025verified |
| Pre-tax income | — | -141.3 m | -170.9 m | -73.7 m | -81.9 m | -319.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Income tax | — | — | 77.0 k | 41.0 k | 48.0 k | 144.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Net income | -56.6 m | -141.3 m | -171.0 m | -73.8 m | -81.9 m | -319.8 m | SEC (XBRL)· 31 Mar 2026verified |
| Diluted EPS | 0.32 | 0.69 | 0.71 | 0.26 | 0.25 | 0.83 | SEC (XBRL)· 31 Mar 2026verified |
| Weighted average diluted shares | 178.6 m | 204.9 m | 239.9 m | 288.6 m | 321.9 m | 384.5 m | SEC (XBRL)· 31 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 10.1 m | 84.9 m | 46.9 m | 6.8 m | 3.5 m | 117.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Current assets | 10.2 m | 88.6 m | 49.6 m | 8.8 m | 5.3 m | 120.7 m | SEC (XBRL)· 31 Mar 2026verified |
| Property, plant & equipment, net | 1.3 m | 1.4 m | 2.0 m | 1.1 m | 771.0 k | 519.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Intangibles (excl. goodwill) | — | — | — | 1.6 m | 1.9 m | 2.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Total assets | 54.7 m | 133.1 m | 94.8 m | 68.9 m | 63.0 m | 181.6 m | SEC (XBRL)· 31 Mar 2026verified |
| Accounts payable | 34.3 k | 26.6 m | 41.6 m | 2.4 m | 6.2 m | 2.3 m | SEC (XBRL)· 31 Mar 2026verified |
| Short-term debt | — | — | — | — | 11.8 m | — | SEC (XBRL)· 27 Mar 2025verified |
| Current liabilities | 7.8 m | 26.6 m | 41.6 m | 31.3 m | 54.5 m | 59.4 m | SEC (XBRL)· 31 Mar 2026verified |
| Total liabilities | 18.4 m | 40.4 m | 53.3 m | 58.0 m | 80.1 m | 215.1 m | SEC (XBRL)· 31 Mar 2026verified |
| Equity | 36.3 m | 92.8 m | 41.5 m † | 10.9 m † | -17.1 m † | -33.4 m † | SEC (XBRL)· 31 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -26.5 m | -56.1 m | -66.6 m | -59.6 m | -43.5 m | -42.9 m | SEC (XBRL)· 31 Mar 2026verified |
| Capex | — | — | — | 578.0 k | 515.0 k | 245.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Free cash flow | — | — | — | -60.2 m ≈ | -44.0 m ≈ | -43.1 m ≈ | SEC (XBRL)· 31 Mar 2026derived |
| Investing cash flow | -607.0 k | -3.8 m | -1.2 m | -578.0 k | -515.0 k | 447.0 k | SEC (XBRL)· 31 Mar 2026verified |
| Financing cash flow | 21.3 m | 134.7 m | 29.7 m | 20.1 m | 40.7 m | 156.6 m | SEC (XBRL)· 31 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 37.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.0 bn USD
Key indicators
Coverage and freshness
Score by group
38% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 7.46 – 13.60 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E7.46 – 13.60 (Mid 9.29)8 companies used · median multiple 16.8x · quartiles 13.5x – 24.6xBHP, BVN, ERO, FCX, HBM, NEXA, RIO, SCCO
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | 5.3% | 36 (on a fixed band) | 22% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -396.5x | 0 (on a fixed band) | 17% |
| Current ratio · Balance sheet | 1.9x | 94 (on a fixed band) | 11% |
| P/E (TTM) · Valuation | 4.2x | 100 (vs peers) | 28% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -4.3% | 0 (on a fixed band) | 22% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet38/100 · 2/3 factors with a value
- Growth· partial36/100 · 1/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation56/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
TMC the metals Co Inc. (TMC). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: ROE -1,123.2%.
The estimated value range is 7.46–13.60 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 9.29 USD, the price of 2.31 USD leaves a potential of 302.0% (value / price − 1) and a margin of safety of 75.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 37.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.9x
- P/E (TTM): 4.2x
- The price is below the estimated value range
What contradicts it
- Interest coverage: -396.5x
- FCF yield: -4.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Revenue CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Metal Mining (SIC 1000) · same industry (4-digit SIC) · compared with 26 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BHPBhp Group Limited | 406.8 bn | 45.2 | 19.5% | 17.6% | −7.9% | +46% / +31% |
| SCCOSouthern Copper Corp | 149.3 bn | 23.0 | 53.2% | 37.3% | +17.4% | +35% / +163% |
| RIORio Tinto PLC | 106.2 bn | 13.9 | 17.0% | 17.3% | +7.4% | +18% / +22% |
| FCXFreeport-McMoRan Inc. | 89.9 bn | 29.2 | 21.8% | 16.2% | +1.8% | +46% / +68% |
| HBMHudbay Minerals Inc. | 8.8 bn | 15.4 | 19.7% | 25.7% | +9.4% | +31% / +388% |
| CLFCleveland-Cliffs Inc. | 7.3 bn | — | -8.5% | -2.4% | −3.0% | −2% / −25% |
| BVNBuenaventura Mining Co Inc | 7.3 bn | 18.1 | 12.6% | 34.9% | +40.1% | +16% / +202% |
| MPMP Materials Corp. | 6.4 bn | — | -4.1% | -19.9% | +10.1% | −42% / +126% |
| EROEro Copper Corp | 3.2 bn | 12.2 | 34.6% | 33.6% | +67.1% | +21% / +150% |
| NEXANexa Resources S.A. | 1.6 bn | 11.9 | 14.6% | 4.4% | +8.5% | +70% / +103% |
| IEIvanhoe Electric Inc. | 1.2 bn | — | -8.4% | -1,138.7% | +11.8% | −46% / −32% |
| USARUSA Rare Earth, Inc. | 1.1 bn | — | -23.6% | -2,159.3% | unavailable | −39% / −20% |
| TMCTMC the metals Co Inc. | 1.0 bn | 4.2 | -1,123.2% | — | unavailable | −61% / +114% |
| USASAmericas Gold And Silver Corporation | 986.9 m | — | -61.6% | -74.1% | +17.7% | −31% / +413% |
| ASMAvino Silver & Gold Mines Ltd. | 769.3 m | 79.0 | 7.0% | 12.2% | +50.8% | −15% / +746% |
| LARLithium Argentina AG | 682.1 m | — | -9.5% | — | +12.9% | −24% / −21% |
| SGMLSigma Lithium Corporation | 626.1 m | — | -67.4% | -45.6% | −27.3% | −50% / −81% |
| GSMFerroglobe PLC | 547.5 m | — | -25.9% | -12.8% | −18.8% | −34% / −49% |
| ALOYRealloys Inc. | 459.5 m | — | -155.8% | -5,144.4% | −5.3% | −5% / +68% |
| THMInternational Tower Hill Mines Ltd | 455.2 m | — | -2.8% | — | unavailable | −10% / +222% |
| LZMLifezone Metals Limited | 336.9 m | — | -16.7% | -1,289.2% | +652.2% | +1% / −60% |
| USAUU.s. Gold Corp. | 186.4 m | — | -55.2% | — | −30.9% | −35% / +239% |
| PZGParamount Gold Nevada Corp. | 83.9 m | — | -46.1% | — | −54.7% | −20% / +146% |
| WWRWestwater Resources, Inc. | 52.5 m | — | -19.1% | — | unavailable | −57% / −33% |
| COPRIdaho Copper Corporation | 25.7 m | — | -187.5% | — | −63.5% | unavailable / unavailable |
1- and 3-year price returns: for TMC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
TMC is a deep seabed minerals developer aiming to collect and process polymetallic nodules from the Clarion Clipperton Zone. The company is in the development stage, with a permit application under review at NOAA and estimated resources in its application areas totalling approximately 1 1.639 billion wet tonnes, so the authorisation process is central to the project's future.
SWOT
Strengths
- The company holds large estimated resources and a clear development plan, backed by a prefeasibility study and solid technical partnerships.
- Partnerships with Allseas, PAMCO and Mariana Minerals cover collection, processing and onshore development.
- The company has US government policy support for critical minerals and has advanced its NOAA applications.
Weaknesses
- The company does not yet hold a commercial recovery permit or onshore facility permits.
- The company reports net losses and depends on external funding for major investments.
- Commercial collection of seabed nodules has never been demonstrated at industrial scale.
Opportunities
- If NOAA issues the permits, the company could begin collection and benefit from government demand for critical minerals.
- Funding from US agencies could support building domestic processing capacity.
- Services agreements with Eco Minerals could expand access to vessels and offshore survey services.
Threats
- Delays or refusal of NOAA permits could postpone the production timeline.
- NGO opposition and moratoria by some states could constrain offshore projects.
- Fluctuations in metal prices could affect future revenues and access to financing.
Risks
- NOAA permithigh
The commercial recovery permit has not yet been issued, and the review timeline, including environmental assessment, is uncertain 12.
- ISA regimehigh
The absence of ISA exploitation rules could affect the NORI and TOML contracts 1.
- Financinghigh
The company depends on additional capital, which may not be available on acceptable terms 13.
- Public oppositionmedium
NGO campaigns could affect permits and partner relationships 1.
- Dependence on Allseasmedium
The production timeline depends heavily on the Allseas relationship, and technical problems could delay the project 1.
Investment thesis
What would need to be true (bull case)
- If permits are issued, the company could become a significant supplier of critical minerals from outside the traditional land-based regime.
- US government support and industrial partnerships could accelerate project development.
- The estimated resources are large, which could justify a long-term project if the authorisation and funding stages are completed.
What would break the thesis
- If permits are delayed or refused, the commercial timeline could be pushed back considerably.
- The company has not yet demonstrated commercial production and continues to report net losses.
- International opposition and uncertain regulation could limit both collection and product exports.
What to watch
- NOAA certification and permit decision on the USA-A application2026
- Outcome of the funding process with US agenciesnext 10-Q
- Allseas progress on the Hidden Gem system2027
- Adoption of exploitation rules by the ISAnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
TMC is a deep seabed minerals developer focused on collecting, processing and refining polymetallic nodules on the seafloor in international waters of the Clarion Clipperton Zone. The nodules contain nickel, copper, cobalt and manganese, along with meaningful concentrations of rare earth elements, in a single rock 1. The company released a prefeasibility study for NORI Area D declaring the world's first mineral reserves for a seafloor nodule project, but it has not yet obtained commercial recovery permits or onshore facility permits 1. Its main strategy relies on the US DSHMRA regime, alongside its existing ISA contracts.
The business model is still in development with no commercial production. The company plans initially to produce nickel, copper and cobalt intermediate products and a manganese silicate product of approximately 40% manganese, comparable to medium-grade manganese ore 1. Key partnerships include Allseas, which is modifying the pilot collection system for commercial production, PAMCO for processing in Japan, and Mariana Minerals for a possible processing complex in Texas 13.
Meanwhile, in July 2026 the company signed a services agreement with Mariana Minerals for the Port of Brownsville in Texas and an agreement with Eco Minerals for offshore survey services 3. Management said future onshore capital spending depends largely on funding from US government sources, and liquidity of about 3 143 million USD as of June 30, 2026 shows that development relies on additional financing 3.
Segments
Offshore nodule collection
The collection segment rests on the commercial Hidden Gem system being developed with Allseas, designed for a nameplate capacity of about 3 3.0 million wet tonnes per year. Commissioning is targeted for late 2027, subject to the NOAA permit 3.
Market context
The company targets metals classed as critical by the US Department of the Interior, used in semiconductors, AI data centres, steel and defence. In 2025 the United States imported 100% of its primary nickel, cobalt and manganese and about 1 46% of its primary copper 1. Concentrated processing in China makes the market attractive for alternative projects, but this depends on regulation and public policy.
Demand for these metals could rise with batteries and electrical infrastructure, but prices and volumes remain uncertain. If land ores remain the only viable source, environmental pressures and price volatility could increase, which would support the company's argument 1.
Trends
- US critical minerals policytailwind
Executive Order 14825 accelerated permitting under DSHMRA, and the government has signalled possible purchases and support for domestic processing. If these measures translate into funding and permits, they could support the company's timeline 12.
- Deadlock in the ISA regimeheadwind
The International Seabed Authority has not adopted exploitation rules, and several states are calling for moratoria. This uncertainty could delay the exploitation contracts of the NORI and TOML subsidiaries 1.
- Rising demand from batteries and gridsmixed
Growing demand from the battery and electrical infrastructure sectors supports demand for nickel, cobalt and manganese. This could support better prices, but depends on market developments 1.
- NGO opposition and public perceptionheadwind
Lobbying by non-governmental organisations and negative perceptions of offshore collection could delay permits or reduce investor support. The company acknowledges this risk in its filings 1.
Competitive position
Competition comes from traditional land-based mineral producers and from Chinese-dominated refining, as well as from other offshore resource developers. The company argues that nodules offer a lower environmental footprint than land mining 1.
In addition, investors may compare TMC with other critical resource developers, and its advantage depends on obtaining permits and financing ahead of rivals 13.
- Nickel and cobalt producers in Indonesia and the DRC
Land-based supply chain players that dominate nickel and cobalt supply, with processing largely controlled by Chinese-owned entities 1.
- Chinese metal refineries
Chinese refineries dominate global processing of manganese, cobalt and copper, which makes alternatives strategically significant 1.
- Other seabed resource developers
Companies holding contracts in other seabed areas or running exploration projects, such as Eco Minerals, with which TMC signed a services agreement 3.
- Land-based copper mine producers
Land-based copper producers are the main competitor for copper from polymetallic nodules, although they are not identified as US-listed in the sources given.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- The Metals Company vs. USA Rare Earth: Which Speculative Materials Bet Actually Pays Off First?Yahoo Finance — News · 14 Sept 2026 · EN
- Why The Metals Company Stock Soared in AugustYahoo Finance — News · 03 Sept 2026 · EN
- Is It Too Late to Buy TMC The Metals Company After Its 32% Rally?Yahoo Finance — News · 27 Aug 2026 · EN
- The Metals Company Is Riding the Critical Metals Boom. Here's Why I Still Wouldn't Touch It.Yahoo Finance — News · 23 Aug 2026 · EN
- MP Materials vs. The Metals Company: Which Rare-Earth Bet Actually Pays Off First?Yahoo Finance — News · 23 Aug 2026 · EN
The latest news item in our archive is from 14 Sept 2026; the newest SEC filing is from 29 Sept 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report29 Sept 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Current report19 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report17 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report13 Aug 2026
- Current report13 Aug 2026Results of operations · Financial statements and exhibits
- Current report29 May 2026Shareholder vote
- Current report28 May 2026Regulation FD disclosure · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report14 May 2026Results of operations · Financial statements and exhibits
- Current report01 May 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / TMC the metals company Inc. · 31 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / TMC the metals company Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / TMC the metals company Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.