Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 138

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 138
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 resulted from the acceleration.

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Discharge

Each indenture provides that we can elect to be
discharged from our obligations with respect to one or more series of debt securities, except for obligations to:

| · | the transfer or exchange of debt securities of the series; |

| · | replace stolen, lost or mutilated debt securities of the series; |

| · | maintain paying agencies; |

| · | hold monies for payment in trust; |

| · | compensate and indemnify the trustee; and |

| · | appoint any successor trustee. |

In order to exercise our rights to be discharged
with respect to a series, we must deposit with the trustee money or government obligations sufficient to pay all the principal of, the
premium, if any, and interest on, the debt securities of the series on the dates payments are due.

Form, Exchange and Transfer

We will issue the debt securities of each series
only in fully registered form without coupons and, unless we otherwise specify in the applicable prospectus supplement, in denominations
of $1,000 and any integral multiple thereof. The indentures provide that we may issue debt securities of a series in temporary or permanent
global form and as book-entry securities that will be deposited with, or on behalf of, The Depository Trust Company or another depositary
named by us and identified in a prospectus supplement with respect to that series.

At the option of the holder, subject to the terms
of the indentures and the limitations applicable to global securities described in the applicable prospectus supplement, the holder of
the debt securities of any series can exchange the debt securities for other debt securities of the same series, in any authorized denomination
and of like tenor and aggregate principal amount.

Subject to the terms of the indentures and the
limitations applicable to global securities set forth in the applicable prospectus supplement, holders of the debt securities may present
the debt securities for exchange or for registration of transfer, duly endorsed or with the form of transfer endorsed thereon duly executed
if so required by us or the security registrar, at the office of the security registrar or at the office of any transfer agent designated
by us for this purpose. Unless otherwise provided in the debt securities that the holder presents for transfer or exchange or in the applicable
indenture, we will make no service charge for any registration of transfer or exchange, but we may require payment of any taxes or other
governmental charges.

We will name in the applicable