Company: TMCWW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001410578-25-000516
Chunk: 14

Company: TMC the metals Co Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 14
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Item 1A.RISK FACTORS

Our business is subject to numerous risks and uncertainties that you should be aware of in evaluating our business. If any such risks and uncertainties actually occur, our business, prospects, financial condition and results of operations could be materially and adversely affected. The risks described below are not the only risks that we face. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial may also materially adversely affect our business, prospects, financial condition and results of operations. The risk factors described below should be read together with the other information set forth in this Annual Report, including our consolidated financial statements and the related notes, as well as in other documents that we file with the SEC.

Summary of the Material Risks Associated with Our Business

These risks include, but are not limited to, the following:

●Our business is subject to numerous regulatory uncertainties which, if not resolved in our favor, would have a material adverse impact on our business.

●Our resource development activities are subject to changes in government regulation and political instability.

●Changes to any of the laws, rules, regulations or policies to which we are subject could have a significant impact on our business.

●Our exploration, collecting, shipping, processing and refining activities are subject to extensive and costly environmental requirements, and current and future laws, regulations, and permits may impose significant costs, liabilities, or obligations, or could limit or prevent our ability to continue our operations as currently contemplated or to undertake new operations.

●The grade and quality of the polymetallic nodule deposits that we intend to develop are estimates, and there are no guarantees that such deposits will be suitable for collecting or commercialization.

●No seafloor polymetallic nodule deposit has ever been commercially collected, and our offshore collection technology and development plans and processes may not be sufficient to accomplish our objectives.

●Mineral resource estimates from the contract areas of NORI and TOML are only estimates.

●Our business is subject to significant risks, and we may never develop minerals in sufficient grade or quantities to justify commercial operations.