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TMC| Name | Value |
|---|---|
| Revenues | 0.0M |
| Cost of Revenue | 12.5M |
| Gross Profit | -12.5M |
| Operating Expense | 4.6M |
| Operating I/L | -17.1M |
| Other Income/Expense | 0.1M |
| Interest Income | 0.3M |
| Pretax | -12.5M |
| Income Tax Expense | -4.8M |
| Net Income/Loss | -12.5M |
TMC the metals company Inc. is a deep-sea minerals exploration company that focuses on collecting, processing, and refining polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the Pacific Ocean. The company primarily explores for nickel, cobalt, copper, and manganese products, which are used in electric vehicles, renewable energy storage, EV wiring, clean energy transmission, and manganese alloy production for steel. TMC the metals company Inc. holds exploration rights in three polymetallic nodule contract areas in the CCZ and generates revenue through the sale of these minerals for various industrial applications.
