Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 39

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 39
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 underwriters or agents and any applicable fees, commissions or discounts and over-allotment and other options to purchase
additional securities will be set forth in a prospectus supplement. The price to the public of such securities and the net proceeds that
we expect to receive from such sale will also be set forth in a prospectus supplement.

Our Common Shares are listed on the Nasdaq Global
Select Market under the symbol “TMC”. On October 4, 2022, the last reported sale price of our Common Shares was $1.02 per
share. We also have warrants to purchase Common Shares listed on the Nasdaq Global Select Market under the symbol “TMCWW”.
On October 4, 2022, the last reported sale price of these public warrants to purchase Common Shares was $0.148. The applicable prospectus
supplement will contain information, where applicable, as to any other listing, if any, on The Nasdaq Stock Market or any securities
market or other securities exchange of the securities covered by the prospectus supplement. Prospective purchasers of our securities
are urged to obtain current information as to the market prices of our securities, where applicable.

Investing in our securities involves a high degree of risk. See “Risk Factors” included in any accompanying prospectus supplement and in the documents incorporated by reference in this prospectus for a discussion of the factors you should carefully consider before deciding to purchase these securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is October 14, 2022.

TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                           |  1 |
| PROSPECTUS SUMMARY                              |  2 |
| RISK FACTORS                                    |  5 |
| SPECIAL NOTE REGARDING FORWARD-LOOKING          
 STATEMENTS                                      |  6 |
| USE OF PROCEEDS                                 |  8 |
| SELLING SHAREHOLDERS                            |  9 |
| PLAN OF DISTRIBUTION                            | 12 |
| DESCRIPTION OF COMMON SHARES AND SPECIAL        
 SHARES                                          | 16 |
| DESCRIPTION OF PREFERRED SHARES                 | 19 |
| DESCRIPTION OF DEBT SECURITIES                  | 20 |
| DESCRIPTION OF WARRANTS                         | 26 |
| DESCRIPTION OF UNITS                            | 31 |
| CERTAIN IMPORTANT PRO