The earnings call presented a mix of positive and negative elements. The strategic shift to a U.S. regulatory pathway offers a promising alternative to the delayed ISA process, potentially expediting commercial production. Financial performance has improved, and environmental studies show encouraging results. However, regulatory uncertainty persists, and geopolitical challenges may arise from the termination of the Kiribati partnership.

Company Guidance

During The Metals Company's fourth-quarter 2024 conference call, significant guidance and updates were provided, emphasizing the company's strategic pivot towards utilizing the United States' regulatory framework for deep-sea mining. The company plans to submit applications for commercial production through the U.S. regulatory regime, leveraging the Deep Seabed Hard Mineral Resources Act of 1980. Financially, The Metals Company reported a net loss of $16.1 million for the quarter, a reduction from the $33.5 million loss in the same period in 2023. Exploration and evaluation expenses decreased by $18.4 million, while general and administrative expenses increased by $1.5 million. The company highlighted a liquidity position of $62 million at the end of 2024, bolstered by a recent direct offering and available credit facilities. The company is poised to meet its working capital and capital expenditure needs for the next 12 months, facilitated by undrawn credit lines and strategic financial management. The guidance reflects a focus on achieving regulatory certainty and advancing towards commercial production, with an emphasis on environmental stewardship and strategic partnerships.

Strategic Shift to U.S. Regulatory Pathway

The Metals Company announced a strategic shift to pursue commercial production through U.S. regulatory pathways under the Deep Seabed Hard Mineral Resources Act (DSHMRA), citing political will and an existing legal framework as key advantages.

Financial Improvement

The Metals Company reported a reduced net loss of $16.1 million in Q4 2024, compared to a net loss of $33.5 million in Q4 2023, showing improved financial management and reduced exploration and evaluation expenses.

Successful Environmental and Technical Milestones

The company achieved several technical milestones, including successful industrial-scale nodule processing and environmental studies showing promising recovery data for seafloor ecosystems.

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TMC the metals company Inc. (TMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	- / -	-0.08	―	―	―
Mar 27, 2025	2024 (Q4)	-0.05 / -0.05	-0.11	54.55% (+0.06)
Nov 14, 2024	2024 (Q3)	-0.06 / -0.06	-0.04	-50.00% (-0.02)
Aug 14, 2024	2024 (Q2)	-0.05 / -0.06	-0.05	-20.00% (>-0.01)
May 13, 2024	2024 (Q1)	-0.05 / -0.08	0	―
Mar 25, 2024	2023 (Q4)	-0.16 / -0.11	-0.41	73.17% (+0.30)
Nov 09, 2023	2023 (Q3)	-0.11 / -0.04	-0.12	66.67% (+0.08)
Aug 14, 2023	2023 (Q2)	-0.12 / -0.05	-0.05	0.00% (0.00)
May 11, 2023	2023 (Q1)	- / 0.00	-0.09	―
Mar 23, 2023	2022 (Q4)	-0.08 / -0.41	-0.09	-355.56% (-0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 27, 2025	$1.70	$1.72	+1.18%
Nov 14, 2024	$0.96	$1.00	+4.17%
Aug 14, 2024	$0.98	$1.10	+12.24%
May 13, 2024	$1.52	$1.46	-3.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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