TMC the metals company/$TMC
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About TMC the metals company
TMC The Metals Co Inc is a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The company operates as a single operating and reportable segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.
- Ticker
- $TMC
- Sector
- Materials
- Primary listing
- NASDAQ
- Employees
- 48
- Headquarters
- Vancouver, Canada
- Website
- metals.co
TMC Metrics
BasicAdvanced
$1.5B
-
-$0.73
2.07
-
Price and volume
Market cap
$1.5B
Beta
2.07
52-week high
$11.35
52-week low
$3.31
Average daily volume
4.9M
Financial strength
Current ratio
1.927
Quick ratio
1.927
Profitability
EBITDA (TTM)
-205.549
Effective tax rate (TTM)
-0.10%
Management effectiveness
Return on assets (TTM)
-72.54%
Return on equity (TTM)
-1,123.19%
Valuation
Price to book
-54.22
Price to tangible book (TTM)
-50.08
Price to free cash flow (TTM)
-33.032
Free cash flow yield (TTM)
-3.03%
Free cash flow per share (TTM)
-0.104
Growth
Earnings per share change (TTM)
88.54%
3-year earnings per share growth (CAGR)
5.15%
Bulls say / Bears say
TMC controls a potentially large critical-minerals resource. Its USA-A application covers an estimated 619 million wet tonnes of nodules with about 200 million tonnes of further exploration upside, while USA-B is estimated at 1.02 billion tonnes containing nickel, cobalt, copper and manganese. (The Metals Company, Federal Register)
The permitting pathway has reached substantive milestones rather than remaining at the proposal stage. NOAA has found TMC’s USA-A application fully compliant, published it for public review and begun the process that could lead to certification and a commercial recovery decision. (The Metals Company, Federal Register)
TMC has a clearer route towards first production through its agreement with Allseas. The planned collection system is entering procurement, is designed for 3 million wet tonnes of nodules a year and is targeted for commissioning in the fourth quarter of 2027, subject to regulatory approval. (Last10K, MarketScreener)
The US route is advancing but remains unproven: NOAA certification for USA-A is now expected in October, and TMC no longer expects a commercial recovery permit in the first quarter of 2027. The application still faces public comment and environmental review, so further delays or refusal remain possible. (EveryTicker, Federal Register)
TMC’s decision to pursue US permits while holding ISA-linked exploration contracts has triggered an international regulatory dispute. ITLOS allowed the ISA inquiry into potential contract breaches to continue, leaving uncertainty over TMC’s exploration rights and the legal basis for future commercial mining. (Climate Change News, Climate Change News)
TMC remains pre-revenue and is consuming cash before the project can generate sales. It reported a $60.1 million second-quarter net loss, $20.1 million of operating cash use and $143 million of liquidity at 30 June, while the proposed Texas processing hub still depends on government support. (Last10K, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.
TMC Financial Performance
Revenues and expenses
TMC Earnings Performance
Company profitability
Upcoming events
No upcoming events
TMC News
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Funds containing TMC
AllUSDEURGBP
Fund name | Fund size | $TMC weighting |
|---|---|---|
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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