Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 24

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 24
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 deep-sea polymetallic nodules in the CCZ;    |

| · | statements concerning the status of our exploration contracts issued by the ISA and our expectations with                                   
 respect to preparing, filing an application for an exploitation contract with the ISA and the expected interplay between the two regulatory 
 pathways;                                                                                                                                   |

| · | government regulation of mineral extraction from the deep seafloor and changes in mining laws and regulations; |

| · | technical, operational, environmental, social and governance risks of developing and deploying equipment 
 to collect and ship polymetallic nodules at sea, and to process such nodules on land;                    |

| · | the sources and timing of potential revenue as well as the timing and amount of estimated future production, 
 costs of production, other expenses, capital expenditures and requirements for additional capital;           |

| · | cash flow provided by operating activities; |

| · | the expected activities of our partners under our key strategic relationships; |

| · | the sufficiency of our cash on hand to meet our working capital and capital expenditure requirements, 
 the need for additional financing and our ability to continue as a going concern;                     |

| · | our ability to raise financing in the future, the nature of any such financing and our plans with respect 
 thereto;                                                                                                  |

| · | any litigation to which we are a party; |

| · | claims and limitations on insurance coverage; |

| · | our plans to mitigate our material weakness in our internal control over financial reporting; |

| · | geological, metallurgical and geotechnical studies and opinions; |

| · | mineral resource estimates and our ability to define and declare reserve estimates; |

| · | our status as an emerging growth company, non-reporting Canadian issuer and passive foreign investment 
 company; and                                                                                           |

| · | our expected financial performance. |

<div align='center'>S-11</div>

We may not actually
achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance
on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations
disclosed in the forward-looking statements we make. We have included important cautionary statements in this prospectus supplement,
the accompanying base prospectuses and in the documents incorporated by reference therein, particularly in the “Risk
Factors” section, that we believe could cause actual results or events to differ materially from the forward-looking
statements that we make. For a summary of such