TMC the metals company Inc. ( (TMC) ) has released its Q3 earnings. Here is a breakdown of the information TMC the metals company Inc. presented to its investors.
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TMC the metals company Inc., a developer of critical metals from seafloor polymetallic nodules, focuses on supplying metals for energy, defense, manufacturing, and infrastructure sectors with a commitment to environmental responsibility. In its third-quarter 2025 report, TMC highlighted significant financial and operational developments, including a substantial cash position and strategic advancements in manganese sulfate production. The company reported a net loss of $184.5 million, largely influenced by non-cash and non-recurring items, while maintaining a robust cash balance of $115.6 million. TMC’s operational highlights include the release of two economic studies with a combined NPV of $23.6 billion and the pioneering of a process to produce battery-grade manganese sulfate, signaling potential U.S. manganese independence. Looking ahead, TMC remains optimistic about its strategic position and regulatory progress, with plans to commence commercial production by the fourth quarter of 2027, contingent on obtaining necessary permits.