Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 66

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 66
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 and the price at which we are obligated, pursuant to any mandatory 
 sinking fund provisions or otherwise, to redeem, or at the holder’s option to purchase,    
 the series of debt securities;                                                             |

| ● | whether                                                                                  
 the indenture will restrict our ability to pay dividends, or will require us to maintain 
 any asset ratios or reserves;                                                            |

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| ● | whether we will be restricted from incurring any additional 
 indebtedness;                                               |

| ● | a discussion of any material or special U.S. federal income   
 tax considerations applicable to a series of debt securities; |

| ● | the denominations in which we will                                                          
 issue the series of debt securities, if other than denominations of $1,000 and any integral 
 multiple thereof; and                                                                       |

| ● | any other specific terms, preferences, rights or limitations 
 of, or restrictions on, the debt securities.                 |

We may issue debt securities that provide for
an amount less than their stated principal amount to be due and payable upon declaration of acceleration of their maturity pursuant to
the terms of the indenture. We will provide you with information on the federal income tax considerations and other special considerations
applicable to any of these debt securities in the applicable prospectus supplement.

Conversion or Exchange Rights

We will set forth in the prospectus supplement
the terms, if any, on which a series of debt securities may be convertible into or exchangeable for our common shares or our other securities.
We will include provisions as to whether conversion or exchange is mandatory, at the option of the holder or at our option. We may include
provisions pursuant to which the number of our common shares or our other securities that the holders of the series of debt securities
receive would be subject to adjustment.

Consolidation, Merger or Sale; No Protection in Event of a Change of Control or Highly Leveraged Transaction

The indentures do not contain any covenant that
restricts our ability to merge or consolidate, or sell, convey, transfer or otherwise dispose of all or substantially all of our assets.
However, any successor to or acquirer of such assets must assume all of our obligations under the indentures or the debt securities,
as appropriate.

Unless we state otherwise in the applicable prospectus
supplement, the debt securities will not contain any provisions that may afford holders of the debt securities protection in the event
we have a change of control or in the event of a highly leveraged transaction (whether or not