Company: TMCWW
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047372
Chunk: 105

Company: TMC the metals Co Inc.
Filing Date: 2025-05-12
Form: 424B5
Chunk 105
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 an investor’s particular circumstances. Accordingly, this summary is of a general nature only and is not intended to be, nor should it be construed to be, legal or tax advice to any investor. Consequently, investors should consult their own tax advisors for advice with respect to the income tax consequences of an investment in Common Shares and public warrants based on their particular circumstances.

Adjusted Cost base of Common Shares

The adjusted cost base to a Non-Resident Holder
of a Common Share acquired pursuant to this offering will be determined by averaging the cost of that Common Share with the adjusted
cost base (determined immediately before the acquisition of the Common Share) of all other Common Shares held as capital property by
the Non-Resident Holder immediately prior to such acquisition.

Exercise of Public Warrants

No gain or loss will be
realized by a Non-Resident Holder upon the exercise of a public warrant to acquire a Common Share. A Non-Resident Holder’s cost
of a Common Share so acquired will equal the aggregate of such Non-Resident Holder’s adjusted cost base of the public warrant exercised
plus the exercise price paid for such Common Share. The Non-Resident Holder’s adjusted cost base of such Common Share will be determined
by averaging the cost of the Common Share with the adjusted cost base (determined immediately before the acquisition of the Common Share)
of all other Common Shares held as capital property by such Non-Resident Holder immediately prior to such acquisition.

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Dividends on Common Shares

Every Non-Resident Holder
is liable to pay a Canadian withholding tax on every dividend that is or is deemed to be paid or credited to the Non-Resident Holder
on the Non-Resident Holder’s Common Shares. The statutory rate of withholding tax is 25% of the gross amount of the dividend paid.
Generally, the Canada - United States Tax Convention (1980), as amended (the “Treaty”) reduces the statutory rate with respect
to dividends paid to a Non-Resident Holder who is resident in the U.S. for purposes of the Treaty, the beneficial owner of such dividends,
and entitled to benefits under the Treaty, to 15% of the gross amount of the dividend. The Company is required to withhold the applicable
tax from dividends payable to the Non-Resident Holder, and to remit the tax to the Receiver General of Canada for the account of the
Non-Resident Holder.

Dispositions of Common Shares and Public