The Metals Company (TMC) Provides FY2021 Update, Details Key Strategic Announcements

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The Metals Company Provides Q4 2021 and FY 2021 Corporate Update and Details Key Strategic Announcements Bringing TMC Closer to Unlocking the World’s Largest Estimated Source of Battery Metals

March 24, 2022 4:17 PM EDT

NEW YORK, March 24, 2022 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (TMC or the Company), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided financial results for the fourth quarter and full year ending December 31, 2021, and announced a corporate update.

Q4 2021 and FY 2021 Financial Highlights

Total cash of approximately $84.9 million, at December 31, 2021.Existing cash balance expected to be sufficient to fund TMCs operations into the third quarter of 2023 when the... More