Metals Company reports Q3 EPS (46c), consensus (5c)

TMC Chairman and CEO Gerard Barron, commented: “The completion of our Pre-Feasibility Study and Initial Assessment comes amid a surge of public and private investment into critical minerals, energy and defense supply chains. These studies mark a major milestone for TMC, providing the foundation for the strategic and policy engagements now taking shape around this once-in-a-generation opportunity. We come to these engagements from a position of strength, with $121 million of cash currently on the balance sheet following warrant exercises after quarter end and totalliquidity todayof$165 million,includingundrawn credit facilities-so we’ve no need to come to the public markets anytime soon.