Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 74

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 74
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 the unit and of any security included in that unit;                              |

| ● | any applicable material U.S. federal income tax consequences; |

| ● | the identity of the warrant agent                                                            
 for the warrants and of any other depositaries, execution or paying agents, transfer agents, 
 registrars or other agents;                                                                  |

| ● | the proposed listing, if any, of                                                           
 the warrants or any securities purchasable upon exercise of the warrants on any securities 
 exchange;                                                                                  |

| ● | if applicable, the date from and                                                             
 after which the warrants and the common shares, preferred shares and/or debt securities will 
 be separately transferable;                                                                  |

| ● | if applicable, the minimum or maximum amount of the warrants 
 that may be exercised at any one time;                       |

| ● | information with respect to book-entry procedures, if any; |

| ● | the anti-dilution provisions of the warrants, if any; |

| ● | any redemption or call provisions; |

| ● | whether the warrants may be sold separately or with other securities 
 as parts of units;                                                   |

| ● | the governing law of the warrants; and |

| ● | any additional terms of the warrants, including terms, procedures      
 and limitations relating to the exchange and exercise of the warrants. |

The transfer agent and registrar for any
warrants we offer will be set forth in the applicable prospectus supplement.

Outstanding Warrants

Public Warrants

As of September 30, 2022, there were an aggregate
of 15,000,000 outstanding public warrants held of record by one holder, which entitle the holder to acquire Common Shares. Each whole
public warrant entitles the registered holder to purchase one Common Share at an exercise price of $11.50 per share, subject to adjustment
as discussed below, beginning on October 9, 2021. Pursuant to the warrant agreement, a warrant holder may exercise its warrants
only for a whole number of Common Shares. This means only a whole warrant may be exercised at a given time by a warrant holder. No fractional
warrants will be issued upon separation of the units, and only whole warrants will trade. Accordingly, unless you hold at least three
units, you will not be able to receive or trade a whole warrant. The warrants will expire on September 9, 2026, at 5:00 p.m.,
New York City time, or earlier upon redemption or liquidation.

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