Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 54

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 54
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 to time in one or more transactions at:

| ● | a fixed                                                  
 price or prices, which may be changed from time to time; |
| ● | market                                                   
 prices prevailing at the time of sale;                   |
| ● | prices                                                   
 related to the prevailing market prices; or              |
| ● | negotiated                                               
 prices.                                                  |

We may also designate agents to solicit offers
to purchase the securities from time to time, and may enter into arrangements for “at-the-market,” equity line or similar
transactions. We will name in a prospectus supplement any underwriter or agent involved in the offer or sale of the securities.

If we or the selling shareholders utilize a dealer
in the sale of the securities being offered by this prospectus, we or the selling shareholders, as applicable, will sell the securities
to the dealer, as principal. The dealer may then resell the securities to the public at varying prices to be determined by the dealer
at the time of resale.

If an underwriter is used in the sale of the
securities being offered by this prospectus, an underwriting agreement will be executed with the underwriter at the time of sale, and
the name of any underwriter will be provided in any prospectus supplement, if required, which the underwriter will use to make resales
of the securities to the public. In connection with the sale of the securities, we or the selling shareholders, or the purchasers of
the securities for whom the underwriter may act as agent, may compensate the underwriter in the form of underwriting discounts or commissions.
The underwriter may sell the securities to or through dealers, and the underwriter may compensate those dealers in the form of discounts,
concessions or commissions.

With respect to underwritten public offerings,
negotiated transactions and block trades, we or the selling shareholders, if required, will provide in the applicable prospectus supplement
information regarding any compensation paid to underwriters, dealers or agents in connection with the offering of the securities, and
any discounts, concessions or commissions allowed by underwriters to participating dealers. Underwriters, dealers and agents participating
in the distribution of the securities may be deemed to be underwriters within the meaning of the Securities Act, and any discounts and
commissions received by them and any profit realized by them on resale of the securities may be deemed to be underwriting discounts and
commissions. We or the selling securities may enter into agreements to indemnify underwriters, dealers and agents against civil liabilities