TMC the metals Co Inc. files 10-K

TMC The Metals Company Inc. is a pre-revenue deep-sea mineral developer focused on collecting polymetallic nodules from the Clarion Clipperton Zone (CCZ) to produce critical metals. The company is pursuing commercial production under the U.S. Deep Seabed Hard Mineral Resources Act (DSHMRA) regime, having submitted consolidated exploration license and commercial recovery permit applications to NOAA in January 2026, while also maintaining its International Seabed Authority (ISA) exploration contracts. The company reported a net loss of $319.8 million for the year ended December 31, 2025, significantly higher than the $81.9 million loss in the prior year, and has an accumulated deficit of approximately $951.3 million.