<span item_type="fundamental" item_id="3f05046054dfa1f13857ecb331990fc1" counter_id="ST/US/TMCWW" env="prod"></span><span item_type="announcement" item_id="516102537200667137" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.06.</p><p></p><h3>Liquidity and Cash Flow</h3><ul><li>Total liquidity was approximately $43.8 million as of March 31, 2025, including cash of $2.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li><li>Cash used in operations for the quarter ended March 31, 2025, was $9.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li><li>Net cash used in operating activities was - $9,347,000 for the three months ended March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li></ul><h3>Net Loss</h3><ul><li>The net loss for the quarter ended March 31, 2025, was $20.6 million, or $0.06 per share, compared to a net loss of $25.1 million, or $0.08 per share, for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li></ul><h3>Operating Expenses</h3><ul><li>Exploration and evaluation expenses were $9.5 million for the quarter ended March 31, 2025, compared to $18.1 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li><li>General and administrative expenses were $8.5 million for the quarter ended March 31, 2025, compared to $6.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li></ul><h3>Financing Activities</h3><ul><li>A registered direct offering resulted in expected gross proceeds of $37 million through the issuance of 12.3 million common shares at $3.00 per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>TMC anticipates further details from the Commerce Department and NOAA on actions to expedite application review processes later this quarter, with a more definitive permitting timeline to be provided soon after.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li><li>The company plans to complete its Pre-Feasibility Study (PFS) next quarter for the commercial recovery area, reflecting new assumptions from its U.S. permitting strategy.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li><li>TMC intends to provide more clarity on potential valuation across its total estimated resource, beyond the historically used NORI-D valuation anchor.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1798562/000110465925048499/tm2515090d1_ex99-1.htm"></span></li></ul>

TMC the Metals - CW25 | 8-K: FY2025 Q1 EPS: USD 0.06