Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 64

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 64
---

rights, may be superior to those of the Common Shares. The issuance of preferred shares, while providing flexibility in connection with
possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring or discouraging
potential acquisition proposals and might adversely affect the market price of the Common Shares and the voting and other rights of the
holders of Common Shares. We have no current plan to issue any preferred shares.

Transfer Agent and Registrar

The transfer agent and registrar for our
preferred shares will be set forth in the applicable prospectus supplement.

<div align='center'>19

DESCRIPTION OF DEBT SECURITIES</div>

The following description, together with the
additional information we include in any applicable prospectus supplements, summarizes the material terms and provisions of the debt
securities that we may offer under this prospectus. While the terms we have summarized below will apply generally to any future debt
securities we may offer pursuant to this prospectus, we will describe the particular terms of any debt securities that we may offer in
more detail in the applicable prospectus supplement. If we so indicate in a prospectus supplement, the terms of any debt securities offered
under such prospectus supplement may differ from the terms we describe below, and to the extent the terms set forth in a prospectus supplement
differ from the terms described below, the terms set forth in the prospectus supplement shall control.

We may sell from time to time, in one or more
offerings under this prospectus, debt securities, which may be senior or subordinated. We will issue any such senior debt securities
under a senior indenture that we will enter into with a trustee to be named in the senior indenture. We will issue any such subordinated
debt securities under a subordinated indenture, which we will enter into with a trustee to be named in the subordinated indenture. We
have filed forms of these documents as exhibits to the registration statement, of which this prospectus is a part. We use the term “indentures”
to refer to either the senior indenture or the subordinated indenture, as applicable. The indentures will be qualified under the Trust
Indenture Act of 1939, as in effect on the date of the indenture. We use the term “debenture trustee” to refer to either
the trustee under the senior indenture or the trustee under the subordinated indenture, as applicable.

The following summaries of material provisions
of the senior