The Metals Company

TMC & SGS Produce World-First Nickel Sulfate from Deep-Seafloor Polymetallic Nodules

Retrieved on: 
Tuesday, April 23, 2024
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The sulfate was generated during bench-scale testing of its hydrometallurgical flowsheet design in partnership with SGS Canada Inc., at their Lakefield, Ontario facility.

Key Points: 
  • The sulfate was generated during bench-scale testing of its hydrometallurgical flowsheet design in partnership with SGS Canada Inc., at their Lakefield, Ontario facility.
  • Undertaken on samples of nickel-cobalt-copper matte produced by TMC in 2021, the Extractive Metallurgy team at SGS tested TMC’s efficient flowsheet to process high-grade nickel matte directly to nickel sulfate without making nickel metal, while producing fertilizer byproducts instead of solid waste or tailings.
  • Following the successful nickel sulfate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulfate from polymetallic nodules.
  • This work was executed in close collaboration with SGS and other industry leaders to demonstrate the ability to refine nodules to high value products.

TMC Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 25, 2024
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NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.
  • Meanwhile, two new applications for deep-sea mineral exploration have recently been submitted to the ISA by the government of India.
  • Exploration and evaluation expenses during the quarter ended December 31, 2023 were $26.7 million compared to $81.8 million for the quarter ended December 31, 2022.
  • We will hold a conference call today at 4:30 p.m. EDT to provide an update on recent corporate developments, fourth quarter and full year 2023 financial results and upcoming milestones.

The Metals Company Fourth Quarter and Full Year 2023 Corporate Update Conference Call for Monday, March 25, 2024

Retrieved on: 
Monday, March 18, 2024
TMC, The Metals Company

NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Monday, March 25, 2024, to provide an update on fourth quarter and full year financial results, and recent corporate developments.

Key Points: 
  • NEW YORK, March 18, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Monday, March 25, 2024, to provide an update on fourth quarter and full year financial results, and recent corporate developments.

TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources

Retrieved on: 
Wednesday, March 13, 2024
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The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.

Key Points: 
  • The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.
  • Additionally, we eagerly await the forthcoming Pentagon report on nodules as directed by the House Armed Services Committee.
  • The Pentagon’s ability and willingness to support a feasibility study for a domestic refinery could help establish mineral independence for the U.S. in nickel, cobalt and manganese.
  • The newly introduced Responsible Use of Seafloor Resources Act aims to ready the United States for the commercial availability of seafloor nodules, an abundant source of critical minerals.

TMC Subsidiary NORI Completes Key Offshore Research Campaign, Evaluating Seafloor Ecosystem Function a Year Post Nodule Collection Test

Retrieved on: 
Thursday, December 28, 2023
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NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its latest offshore scientific research campaign to assess seafloor impacts and recovery rates twelve months after the pilot nodule collection system test conducted by its NORI subsidiary.

Key Points: 
  • NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its latest offshore scientific research campaign to assess seafloor impacts and recovery rates twelve months after the pilot nodule collection system test conducted by its NORI subsidiary.
  • The team selected 19 sampling stations in the locality of last year’s nodule collection system test and conducted 39 multicore deployments, recovering 395 individual core samples.
  • Additionally, using a remotely operated vehicle (ROV), the research team deployed innovative seafloor lander systems that are capable of measuring seafloor oxygen fluxes using eddy covariance methods.
  • This new information provides an insight as to the scale of seabed disturbance from nodule collection and how the benthic communities respond over time.

New Benchmark Study Highlights Impacts of Nickel and Cobalt Mining on Critical Forested Carbon Sinks Amid Battery Metals Boom

Retrieved on: 
Wednesday, November 29, 2023
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Resulting vegetation change also causes carbon sequestration services loss of 4.8g and 6.5g of CO2e respectively for nickel, and 9.3g of CO2e for cobalt per year.

Key Points: 
  • Resulting vegetation change also causes carbon sequestration services loss of 4.8g and 6.5g of CO2e respectively for nickel, and 9.3g of CO2e for cobalt per year.
  • The full study can be downloaded here and a summary document here .
  • While awareness is growing of the direct carbon emissions from metals mining and processing, lifecycle assessments do not often assess the impacts of land-use change on carbon sinks in specific regions.
  • An earlier peer-reviewed study – published in the Journal of Cleaner Production – found that sourcing critical battery metals from seafloor nodules could drastically reduce the lifecycle climate change impacts when compared to land ores.

TMC and PAMCO Sign Binding MOU to Complete Feasibility Study to Process Polymetallic Nodules into Battery Metal Feedstocks

Retrieved on: 
Monday, November 13, 2023
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PAMCO successfully completed a pre-feasibility exercise pursuant to a non-binding MoU signed by the parties in November 2022.

Key Points: 
  • PAMCO successfully completed a pre-feasibility exercise pursuant to a non-binding MoU signed by the parties in November 2022.
  • Under the new binding MoU:
    PAMCO, with TMC support, expects to complete the feasibility study by Q3, 2024.
  • The parties will enter into good faith negotiations to finalize definitive processing agreements on completion of the feasibility study.
  • We are excited by the prospect of being the first commercial processor of polymetallic nodules and see the opportunity to emerge as supplier of Li–ion battery metals.”

American Battery Technology Company Invited to Present at Expert Battery Metals and Recycling Industry Conferences

Retrieved on: 
Monday, December 4, 2023
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RENO, Nev., Dec. 4, 2023 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, is pleased to welcome Anthony Young as its director of investor relations. 

Key Points: 
  • This team transitioned to Dahlman Rose & Co. where he was the analyst responsible for small cap metals and mining companies.
  • For those interested in arranging a one-on-one meeting with American Battery Technology Company or attending the panel presentation, please contact your Wolfe Research representative.
  • For those interested in arranging a one-on-one meeting with American Battery Technology Company or attending the panel presentation, please contact your Janney Montgomery representative.
  • For those interested in arranging a one-on-one meeting with American Battery Technology Company management, please contact your StoneX Financial Ltd. representative.

Researchers to Return to the Site of NORI’s Nodule Collection System Test to Assess Seafloor Ecosystem Function A Year After the Test

Retrieved on: 
Wednesday, November 8, 2023
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The upcoming offshore campaign is the latest in The Metals Company subsidiary NORI’s Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations.

Key Points: 
  • The upcoming offshore campaign is the latest in The Metals Company subsidiary NORI’s Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations.
  • Scientists from several leading marine research institutions will undertake an array of studies on the site of last year’s nodule collection system test to gather further environmental data on ecosystem recovery and functioning.
  • The Company expects to commence the campaign in Q4 2023.
  • Specialized research teams will use an array of boxcore and multi-core samplers as well as various benthic lander systems to assess impacts to biota and ecosystem function on the seafloor in NORI-D.

The Metals Company Announces Third Quarter 2023 Corporate Update Conference Call for Thursday, November 9, 2023

Retrieved on: 
Thursday, November 2, 2023
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NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 9, 2023, to provide an update on third quarter financial results and recent corporate developments.

Key Points: 
  • NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 9, 2023, to provide an update on third quarter financial results and recent corporate developments.