The Metals Company

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

Retrieved on: 
Thursday, November 2, 2023

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.

The Metals Company Releases Second Annual Impact Report

Retrieved on: 
Tuesday, October 31, 2023

With our second Impact Report, we detail how we can responsibly tap the planet's largest source of key battery materials to supply the energy transition while minimizing its environmental, climate and social impacts.

Key Points: 
  • With our second Impact Report, we detail how we can responsibly tap the planet's largest source of key battery materials to supply the energy transition while minimizing its environmental, climate and social impacts.
  • Benchmark’s LCA shows the NORI-D Project model performed better in almost every impact category analyzed than all the land-based routes analyzed.
  • TMC’s 2022 Impact Report was prepared using the Global Reporting Initiative (GRI) Standards as guidance.
  • To access TMC’s 2022 Impact Report, click here .

Desktop Metal Releases Video Showcasing How BMW Group Uses ExOne Binder Jetting Technology to Virtually Eliminate Emissions at its Landshut Light Metal Foundry

Retrieved on: 
Tuesday, September 19, 2023

Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing (AM) technologies for mass production, today released a video showcasing how the BMW Group uses ExOne binder jet 3D printers for the serial production of casted powertrain components.

Key Points: 
  • Desktop Metal, Inc. (NYSE: DM), a global leader in Additive Manufacturing (AM) technologies for mass production, today released a video showcasing how the BMW Group uses ExOne binder jet 3D printers for the serial production of casted powertrain components.
  • (Photo: Business Wire)
    ExOne and the BMW Group have been working together for more than 20 years on project development.
  • The automaker uses four ExOne Exerial binder jet 3D printing systems for serial production of water jacket cores used for metalcasting, with two more systems slated for delivery.
  • When used for sand casting, the sand part is removed and assembled into a mold package used for casting molten metal.

The Metals Company Announces Investor Conference Schedule Through End of 2023

Retrieved on: 
Friday, September 8, 2023

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, intends to participate at the following in-person conferences being held by leading organizations and financial institutions during the third and fourth quarters of 2023.

Key Points: 
  • NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, intends to participate at the following in-person conferences being held by leading organizations and financial institutions during the third and fourth quarters of 2023.
  • On August 14, TMC announced a Registered Direct Offering at a price of $2.00, a premium of 82% to the TMC closing share price on August 11
    On August 1, TMC provided a corporate update on expected development timeline, production capacity and application costs for its NORI-D Nodule Project following the recent International Seabed Authority (ISA) Council decisions on a roadmap to deliver final rules, regulations and procedures, also known as the Mining Code
    In July, the International Seabed Authority defined a roadmap to adopting final regulations for exploitation and TMC subsidiary Nauru Ocean Resources Inc. (NORI) intends to submit an application to the ISA for an exploitation contract for NORI Area D following the July 2024 meeting of the ISA.
  • Assuming a one-year review process, NORI expects to be in production in the fourth quarter of 2025
    Location: Lotte New York Palace Hotel, New York, NY

TMC and Kongsberg Digital Announce Next Phase of Agreement to Bring AI and Hybrid Machine Learning to Future Deep-sea Nodule Collection Operations

Retrieved on: 
Wednesday, September 6, 2023

The Company believes its AI-driven virtual operating environment will enable one of the most transparent natural resource projects in history.

Key Points: 
  • The Company believes its AI-driven virtual operating environment will enable one of the most transparent natural resource projects in history.
  • Hovering the cursor over the collector vehicle can callout its speed, direction, depth, efficiency metrics at any point in time.
  • The AMS will draw on expert opinion and hybrid machine learning to improve operational efficiencies and potentially reduce environmental impacts over time.
  • TMC believes that the AMS that it is currently developing has potential applications beyond the nodule collection industry and may look to explore these in the future.

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

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.

Euro Manganese Makes Significant Progress on its Bécancour Facility to Supply Battery Grade Manganese in North America

Retrieved on: 
Thursday, August 10, 2023

HPEMM is an already refined metal product that requires further processing to produce battery grade manganese sulphate.

Key Points: 
  • HPEMM is an already refined metal product that requires further processing to produce battery grade manganese sulphate.
  • The Bécancour Plant could produce up to 20% of projected North American 2027 demand for HPMSM.
  • However, there remains no current processing capacity or production of battery-grade manganese in North America.
  • Dr. Matthew James, President & CEO of Euro Manganese, commented:
    “Our growth plans to supply the North American lithium-ion battery market with high-purity manganese are advancing.

The Metals Company Announces Second Quarter 2023 Corporate Update Conference Call for Monday, August 14, 2023

Retrieved on: 
Tuesday, August 8, 2023

NEW YORK, Aug. 08, 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 Monday, August 14, 2023, to provide an update on second quarter financial results and recent corporate developments.

Key Points: 
  • NEW YORK, Aug. 08, 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 Monday, August 14, 2023, to provide an update on second quarter financial results and recent corporate developments.

Mining the seabed for clean-tech minerals could destroy ecosystems. Will it get the green light?

Retrieved on: 
Thursday, July 20, 2023

That’s because this United Nations body has the power to permit – or deny – mining on the deep seabed, outside any nation’s exclusive economic zones.

Key Points: 
  • That’s because this United Nations body has the power to permit – or deny – mining on the deep seabed, outside any nation’s exclusive economic zones.
  • Developing Pacific nation Nauru has led the charge to open up the seabed for mining, seeing it as a new source of income.
  • The ISA has already missed its July 9 deadline to produce regulations governing seabed mining.

Why mine the deep sea at all?

    • Land-based mining usually involves processing vast volumes of rock, taking out the minerals you want and leaving the tailings behind.
    • The main area prospectors are eyeing off is the Clarion-Clipperton Zone, an abyssal plain 4,000–5,000 metres deep east of Hawaii.
    • Read more:
      A rush is on to mine the deep seabed, with effects on ocean life that aren't well understood

But what about the environment?

    • While fishing trawlers already tear up large areas of seafloor to devastating effect, mining would open up even more of the seabed.
    • Opposition has come from many conservation organisations, civil society representatives, governments like Canada, Germany, Fiji and Papua New Guinea.
    • They want a moratorium on seabed mining based on the precautionary principle – not acting until we know what impact it will have.

Should the ISA have the power to decide this?

    • The treaty is clear about how we should protect and use the seabed, as part of the “common heritage of mankind”.
    • The ISA was created to steward these commons, with the power to make rules in international waters.
    • The ISA is, like some other UN bodies, a complex bureaucracy and has been criticised for lacking transparency.
    • Even though all 167 nations which signed the law of the sea treaty are automatically ISA members, critical decisions can be made with far fewer.

So is it a done deal?

    • Two years ago, Nauru triggered a clause giving the ISA two years to produce a mining code and rules – a feat it had not previously managed.
    • Read more:
      Deep seabed mining plans pit renewable energy demand against ocean life in a largely unexplored frontier

Biodiversity Data from NORI-D Exploration Area Now Available on UNESCO’s Ocean Biodiversity Information System, Increases Biodiversity Records for the Clarion-Clipperton Zone by About 150%

Retrieved on: 
Monday, July 3, 2023

The ISA-node provides access to a wealth of information on the deep-sea and biological resources in the global commons for all society to use.

Key Points: 
  • The ISA-node provides access to a wealth of information on the deep-sea and biological resources in the global commons for all society to use.
  • In a week since the publication on OBIS, the NORI-D biodiversity records have been downloaded 67 times, and the total number of occurrence records downloaded exceeds 4.4 million.
  • OBIS holds the world’s largest scientific knowledge base on the diversity, distribution and abundance of all marine organisms.
  • NORI expects numerous further papers to be published in peer-reviewed journals in the coming months and years, adding significantly to society’s understanding of the deep sea.