TMC Reports Q3 Net Loss of $184.5 Million
TMC the metals company Inc. reported a net loss of $184.5 million, or $0.46 per share, for the third quarter ended September 30, 2025, compared to a net loss of $20.5 million, or $0.06 per share, for the same period in 2024. The company's cash balance was approximately $115.6 million as of September 30, 2025, with $11.5 million used in operations during the quarter. The quarter's results were mainly impacted by non-cash and non-recurring items, including share-based compensation, fair value changes in royalty and warrant liabilities, and costs related to updated sponsorship agreements. During the period, TMC completed its Pre-Feasibility Study and Initial Assessment, and announced the publication of two technical economic studies with a combined net present value of $23.6 billion. The company also noted that all four key metals found in its nodules are now included on the U.S. Critical Minerals List.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TMC the metals company Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9575584-en) on November 13, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.