Company: TMCWW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001410578-25-000516
Chunk: 30

Company: TMC the metals Co Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 30
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. The toll treatment is intended to take place on a dedicated Rotary Kiln Electric Arc Furnace (“RKEF”) processing line and produce two products: nickel-copper-cobalt alloy, an intermediate product used as feedstock to produce lithium-ion battery cathodes, and a manganese silicate product used to make silico-manganese alloy, a critical input into steel manufacturing. We expect this partnership to progress to a definitive tolling agreement in 2025, subject to successful evaluation study outcomes and agreement to mutually acceptable commercial terms. There can be no assurance that we will enter into such definitive strategic alliance in a particular time period, or at all, or on terms similar to those set