TMC the metals company Inc. — Third Quarter 2026 Earnings Summary

The Metals Company reported a net loss of $28.4 million for the third quarter of 2026, with liquidity of approximately $123 million available as of September 30. The company's subsidiary, TMC USA, received an updated timeline from NOAA expecting a final certification determination by mid-December 2026 for its USA-A commercial recovery permit application. TMC is advancing a capital-light production strategy with Allseas to initiate operations upon permit grant, while simultaneously pursuing U.S. government funding for a processing facility in Brownsville, Texas. Additionally, the company appointed Liam Mallon, former President of ExxonMobil Upstream, to its Board of Directors to leverage his extensive energy and offshore experience.