Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 6

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 6
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 for battery cathode precursors (nickel and cobalt sulfates, or intermediary nickel-copper-cobalt
matte, or nickel-copper-cobalt alloy) for electric vehicles, or EVs, and energy storage markets, (ii) copper cathode for EV wiring,
energy transmission and other applications, and (iii) manganese silicate for manganese alloy production required for steel production.
Our mission is to build a carefully managed, shared stock of metal, called a metal commons, that can be used, recovered and reused for
generations to come. Significant quantities of newly mined metal are required because existing metal stocks are insufficient to meet rising
demand.

We are still in the exploration phase and have not yet obtainedan exploitation contract or a permit for commercial recovery from
any regulators. Additionally, we do not yet hold the environmental or other permits required to construct and operate commercial-scale
polymetallic nodule processing and refining facilities on land.

There are currently two primary
legal frameworks governing the commercial recovery of deep-sea minerals from areas beyond national jurisdiction. The first is the Deep
Seabed Hard Mineral Resources Act of 1980, or DSHMRA, a U.S. domestic statute administered by the U.S. Department of Commerce through
the National Oceanic and Atmospheric Administration, or NOAA, and the second is the United Nations Convention on the Law of the Sea, or
UNCLOS. The United States has not ratified UNCLOS, and is not a member state of the International Seabed Authority, or ISA, which administers
the international regime.

We are increasingly focused
on advancing our commercial production strategy under the U.S.-based DSHMRA regime. Our wholly owned subsidiary, The Metals Company USA,
LLC, or TMC USA, is a “United States citizen” under DSHMRA and, in April 2025, it submitted two exploration license applications
(covering 199,895 square kilometers in the CCZ referred to as TMC USA-A and TMC USA-B) and one commercial recovery permit application
(covering 25,160 square kilometers in the CCZ referred to as TMC USA-A_2) to NOAA. These applications include the areas under which our
subsidiaries hold exploration contracts from the ISA, which are estimated to hold approximately 1.635 billion wet tonnes of measured,
indicated and inferred mineral resources. Together, the resource is estimated to include approximately 15.5 million tonnes of nickel,
12.8 million