Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 0

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 0
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Filed pursuant to Rule 424(b)(5)
Registration Nos. 333-267479 and 333-275822

<div align='center'>TMC THE METALS COMPANY INC.

12,333,333 Common Shares

Class C Warrants to Purchase 12,333,333 Common Shares

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TMC the metals company
Inc. is offering 12,333,333 of its common shares and accompanying Class C warrants to purchase 12,333,333 of our common shares in
this offering (and the common shares issuable from time to time upon exercise of these Class C warrants). Each common share we sell
in the offering will be accompanied by a Class C warrant to purchase one common share at an exercise price of $4.50 per share. Each
common share and accompanying Class C warrant will be sold at a negotiated price of $3.00. The common shares and accompanying Class
C warrants will be issued separately but can only be purchased together in this offering.

Each Class C warrant will be exercisable from and after the date of issuance. The Class C warrants will expire three years from the date
of the securities purchase agreement.

Our common shares and
publicly listed warrants to purchase common shares, or the Public Warrants, are listed on the Nasdaq Global Select Market, or
Nasdaq, under the symbol “TMC” and “TMCWW,” respectively. On May 9, 2025, the closing price of our common shares on the Nasdaq was $3.11 per
share and the closing price of our Public Warrants was $0.59 per warrant.

Our business and an investment in our securities involve a high degree of risk. These risks are described under the caption “Risk Factors,” beginning on page S-8 of this prospectus supplement, and in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024.

|                                  |     | Per Common           
 Share and            
 Accompanying Class C 
 Warrant              |      |     | Total(1) |            |
|:---------------------------------|:----|:---------------------|-----:|:----|:---------|-----------:|
| Offering price                   |     | $                    | 3.00 |     | $        | 37,000,000 |
| Proceeds, before expenses, to us |     | $                    | 3.00 |     | $