Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 51

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 51
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 of new information,
future events or otherwise. All subsequent forward-looking statements attributable to us or to any person acting on our behalf are expressly
qualified in their entirety by the cautionary statements contained or referred to in this section.

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USE OF PROCEEDS</div>

Unless otherwise indicated in the applicable
prospectus supplement, we intend to use any net proceeds from our sale of securities under this prospectus for general corporate purposes.
We will have broad discretion over the use of any proceeds. Pending application of the net proceeds, we may initially invest the net
proceeds in short-term, investment-grade, interest-bearing securities or apply them to the reduction of any indebtedness.

The selling shareholders will make offers and
sales pursuant to this prospectus and, if required, any applicable prospectus supplement. We will not receive any proceeds from the sale
or other disposition by the selling shareholders of the Common Shares covered hereby, or interests therein. The selling shareholders
will pay any expenses incurred by the selling shareholders for brokerage, accounting, tax or legal services or any other expenses incurred
by the selling shareholders in disposing of these shares. We will bear all other costs, fees and expenses incurred in effecting the registration
of the shares covered by this prospectus, including, without limitation, all registration fees, listing fees of The Nasdaq Stock Market
and fees and expenses of our counsel and our independent registered public accounting firm.

<div align='center'>8

SELLING SHAREHOLDERS</div>

We are registering for resale an aggregate of
38,266,180 Common Shares, all of which have been issued by us as of the date of this prospectus, that may be sold by the selling shareholders
set forth herein. Of these shares, 37,978,680 Common Shares were issued to the selling shareholders pursuant to that certain securities
purchase agreement, dated August 12, 2022, or the PIPE Purchase Agreement, with the purchasers named therein for the issuance and sale
of an aggregate of 31,625,000 Common Shares at a purchase price of $0.80 per share, a separate securities purchase agreement with Gerard
Barron, our Chief Executive Officer and Chairman, or the Barron Purchase Agreement, for the issuance and sale of 103,680 Common Shares
at $0.9645 per share, the consolidated closing bid price per Common Share on the Nasdaq Global Select Market on August 11, 2022, the
date immediately preceding the signing