Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 103

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 103
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 have to file an IRS Form 8621 (whether or
not a QEF or mark-to-market election is made) and to provide such other information as may be required by the U.S. Treasury Department.
Failure to do so, if required, will extend the statute of limitations applicable to such U.S. Holder until such required information
is furnished to the IRS.

The rules dealing with
PFICs and with the QEF and mark-to-market elections are very complex and are affected by various factors in addition to those described
above. Accordingly, U.S. Holders of Common Shares and public warrants are urged to consult their own tax advisors concerning the application
of the PFIC rules to the Company’s securities under their particular circumstances.

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Information Reporting and Backup Withholding

Payments of dividends and
sales proceeds that are made within the United States or through certain U.S.-related financial intermediaries are subject to information
reporting, and may be subject to backup withholding, unless (i) the U.S. Holder is a corporation or other exempt recipient or (ii) in
the case of backup withholding, the U.S. Holder provides a correct taxpayer identification number and certifies that it is not subject
to backup withholding.

The amount of any backup
withholding from a payment to a U.S. Holder will be allowed as a credit against the holder’s U.S. federal income tax liability
and may entitle it to a refund, provided that the required information is timely furnished to the IRS.

The U.S. federal income tax discussion set forth
above is included for general information only and may not be applicable to you depending upon your particular situation. You are urged
to consult your own tax advisor with respect to the tax consequences to you of the ownership and disposition of our Common Shares and
public warrants including the tax consequences under state, local, estate, foreign and other tax laws and tax treaties and the possible
effects of changes in U.S. or other tax laws.

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MATERIAL CANADIAN FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is, as of
the date of this prospectus, a summary of the principal Canadian federal income tax considerations pursuant to the Income Tax Act(Canada) and the regulations thereunder, (the “Tax Act”) that generally apply to the acquisition, holding or disposition
of Common Shares and public warrants by a person who is neither resident nor deemed to be resident in