Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 120

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 120
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 commercial production if the ISA approves an application 
 for an exploitation contract or plan of work for exploitation;                                              |

| · | government regulation of mineral extraction from the deep seafloor and changes in mining laws and regulations; |

| · | technical, operational, environmental, social and governance risks of developing and deploying equipment 
 to collect and ship polymetallic nodules at sea, and to process such nodules on land;                    |

| · | the sources and timing of potential revenue as well as the timing and amount of estimated future production, 
 costs of production, other expenses, capital expenditures and requirements for additional capital;           |

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| · | cash flow provided by operating activities; |

| · | the expected activities of our partners under our key strategic relationships; |

| · | the sufficiency of our cash on hand to meet our working capital and capital expenditure requirements, 
 the need for additional financing and our ability to continue as a going concern;                     |

| · | our ability to raise financing in the future, the nature of any such financing and our plans with respect 
 thereto;                                                                                                  |

| · | any litigation to which we are a party; |

| · | claims and limitations on insurance coverage; |

| · | the restatement of our financial statements; |

| · | geological, metallurgical and geotechnical studies and opinions; |

| · | mineral resource estimates; |

| · | our status as an emerging growth company, non-reporting Canadian issuer and passive foreign investment 
 company; and                                                                                           |

| · | our financial performance. |

We may not actually achieve the plans, intentions
or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.
Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements
we make. We have included important cautionary statements in this prospectus and in the documents incorporated by reference in this prospectus,
particularly in the “Risk Factors” section, that we believe could cause actual results or events to differ materially from
the forward-looking statements that we make. For a summary of such factors, please refer to the section entitled “Risk Factors”
in this prospectus, as updated and supplemented by the discussion of risks and uncertainties under “Risk Factors” contained
in any supplements to this prospectus and in our most recent Annual Report on Form 10-K, as revised or supplemented by our subsequent
Quarterly Reports on Form 10