The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million
Retrieved on:
Monday, August 14, 2023
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Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.
Key Points:
- Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.
- Exploration evaluation expenses during the quarter ended June 30, 2023 were $8.1 million compared to $10.2 million for the quarter ended June 30, 2022.
- General and administrative expenses were $5.1 million for the quarter ended June 30, 2023 compared to $8.1 million for the quarter ended June 30, 2022.
- ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.