TMC, TMCWW · CIK 0001798562 · operating
TMC the metals company Inc. is a deep-sea minerals exploration company engaged in the collection, processing, and refining of polymetallic nodules from the seafloor. The company focuses on extracting nickel, cobalt, copper, and manganese from nodules located in the Clarion Clipperton Zone of the Pacific Ocean off the coast of California. These metals serve end markets including electric vehicle manufacturing, battery energy storage systems, steel production through manganese alloy, and electrical transmission applications.
The company holds exploration and commercial rights to two polymetallic nodule contract areas in its primary operating zone. Its business model centers on developing the capability to harvest, process, and refine these seafloor minerals for sale to industrial customers in the automotive, energy storage, and metals refining sectors.
Based in Vancouver, British Columbia, and incorporated in the province, TMC the metals company operates as a relatively small-scale exploration firm with 47 full-time employees. The company was founded in 2011 and trades on the Nasdaq exchange.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2024 | $0.25 | $0.25 | -3.8% | |
| 2023 | $0.26 | $0.26 | -63.4% | |
| 2022 | $0.71 | $0.71 | +2.9% | |
| 2021 | $0.69 | $0.69 | — | |
| 2020 | — | — | — |