Business
The Metals Company Announces Fourth Quarter and Full Year 2025 Results
NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), a leading developer of the world’s largest reso
About this update from Tmc The Metals Company Inc.
[{"type":"text","content":" NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), a leading developer of the world’s largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2025. Fourth Quarter and Full Year 2025 Financial Highlights Total cash of approximately $117.6 million at December 31, 2025 $11.4 million cash used in operations for the quarter ended December 31, 2025 Operating loss of $44.7 million, net loss of $40.4 million and net loss per share of $0.08 for the quarter ended December 31, 2025 Exclusive Negotiations Underway for Nodule Processing & Refining Hub in Brownsville, Texas Exclusive negotiations for 1,466 acres with the Port of Brownsville Intended land use is to develop an integrated nodule processing and refining facility for American nodule industry with optionality to process other feedstocks Preliminary Master Plan for a 12 Mtpa facility developed and prefeasibility study under way As the only American nodule developer to have designed and tested nodule processing and refining technology at scale, TMC USA is spearheading this potential development along with its consortium partners No capital commitments made by TMC USA, and investment decision is conditional on U.S. government support In addition, capital-light tolling option still being fully explored in Japan Strategic Partnership with Mariana Minerals Following a non-binding MOU signed in April 2025, TMC USA signed a Strategic Partnership Agreement earlier this month with Mariana Minerals, a software-first mineral developer with operations in San Francisco, Texas and Utah The initial focus of the partnership is to conduct a feasibility study for a staged development of a nodule processing and refining facility in Brownsville, Texas, and develop AI-enabled process controls for such a facility Gerard Barron, Chairman & CEO, commented: “In my time leading TMC, I’ve never felt better about our pathway to production because of our financial, strategic, and permitting position. 2025 was a transformative year for our business — we pivoted to a clear U.S. permitting pathway, saw strong policy support for our industry through the A...