TMC the metals company Inc. has successfully completed a private placement with Korea Zinc Company, Ltd., raising approximately $85.2 million. The transaction involved the issuance of 19,623,376 common shares to Korea Zinc, along with a warrant to purchase up to an additional 6,868,181 common shares. In a separate registered direct offering with new and existing investors, TMC raised approximately $37.0 million by issuing 12,333,333 common shares and Class C warrants for the same number of shares. Following these financings, TMC's cash balance stands at approximately $122.8 million as of June 30, 2025.
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