Company: TMCWW
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001104659-25-059701
Chunk: 1

Company: TMC the metals Co Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 1.01
Chunk 1
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 establish processing, refining and potentially precursor Cathode Active Material (pCAM) manufacturing capacity in the United States.
The Company and the Purchaser intend to expand their relationship and explore a potential collaboration in connection with the development
of onshore processing infrastructure in the United States.

The closing under the Purchase
Agreement is expected to occur on June 26, 2025 (the “ Closing Date”), subject to the satisfaction of customary closing
conditions.

The Purchase Agreement contains
customary representations and warranties of the Company, indemnification obligations and termination provisions, including the right of
either party to terminate the Purchase Agreement if the closing has not occurred on or before July 1, 2025.

The Shares and the Warrant
were issued in a private placement pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of
1933, as amended (the “ Securities Act”), and Rule 506(b) of Regulation D promulgated thereunder. The Shares, the
Warrant, and the Warrant Shares have not been registered under the Securities Act and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.

The foregoing description
of the Purchase Agreement and the Warrant does not purport to be complete and is qualified in its entirety by reference to the full text
of such agreements, which the Company intends to file as exhibits to its Quarterly Report on Form 10-Q for the quarter ending June 30,
2025 to be filed with the Securities and Exchange Commission.