Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 161

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 161
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U.S. federal income tax considerations applicable to you if you are a U.S. Holder (as defined below) of our Common Shares and/or public
warrants. This discussion addresses only those U.S. Holders that hold our Common Shares and/or public warrants as capital assets within
the meaning of Section 1221 of the Internal Revenue Code of 1986, as amended, or the Code (generally property held for investment).
This summary does not discuss all aspects of U.S. federal income taxation that may be relevant to particular investors in light of their
particular circumstances, or to investors subject to special tax rules, such as:

| · | financial institutions; |

| · | insurance companies; |

| · | mutual funds; |

| · | pension plans; |

| · | S corporations; |

| · | broker-dealers; |

| · | traders in securities that elect mark-to-market treatment; |

| · | regulated investment companies; |

| · | real estate investment trusts; |

| · | trusts and estates; |

| · | tax-exempt organizations (including private foundations); |

| · | investors that hold our Common Shares or public warrants as part of a “straddle,” “hedge,”    
 “conversion,” “synthetic security,” “constructive ownership transaction,” “constructive sale” 
 or other integrated transaction for U.S. federal income tax purposes;                         |

| · | investors subject to the alternative minimum tax provisions of the Code; |

| · | U.S. Holders that have a functional currency other than the U.S. dollar; |

| · | U.S. expatriates or former long-term residents of the United States; |

| · | investors subject to the U.S. “inversion” rules; |

| · | U.S. Holders owning or considered as owning (directly, indirectly, or through attribution) 5% (measured 
 by vote or value) or more of our Common Shares;                                                         |

| · | persons that acquired our Common Shares or public warrants pursuant to an exercise of employee share options, 
 in connection with employee share incentive plans or otherwise as compensation as compensation;               |

| · | controlled foreign corporations; |

| · | accrual method taxpayers that file applicable financial statements as described in Section 451(b) of 
 the Code;                                                                                            |

| · | passive foreign investment companies; and |

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| · | persons who are not U.S. Holders, all