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Annual · values2025202420232022202120202019
Operating Cash Flow-42.85 M CAD-43.47 M CAD-59.57 M CAD-66.64 M CAD-56.09 M CAD-1.34 M CAD
Depreciation & Amortization
Stock-Based Compensation96.67 M CAD25.31 M CAD12.36 M CAD18.39 M CAD74.57 M CAD27.10 M CAD
Capital Expenditures245000 CAD515000 CAD578000 CAD
Cash Flow from Investing447000 CAD-515000 CAD-578000 CAD-1.17 M CAD-3.84 M CAD-300.00 M CAD
Cash Flow from Financing156.59 M CAD40.69 M CAD20.07 M CAD29.72 M CAD134.70 M CAD302.63 M CAD
Dividends Paid
Stock Buybacks
Free Cash Flow-43.10 M CAD-43.98 M CAD-60.15 M CAD

TMC the metals company Inc. is a deep-sea minerals exploration and development company focused on sourcing critical battery metals from the ocean floor to support the global energy transition. Headquartered in Vancouver, Canada, the company specializes in the collection, processing, and refining of polymetallic nodules—rich deposits containing nickel, cobalt, copper, and manganese—from the Clarion-Clipperton Zone in the Pacific Ocean. These metals are essential for manufacturing electric vehicle batteries, renewable energy technologies, steel production, and electrical transmission systems. TMC employs both offshore collection operations and onshore metallurgical processing to extract battery-grade materials from nodules, positioning itself as an alternative to traditional land-based mining. The company holds exploration and commercial rights in polymetallic nodule contract areas and pursues a capital-efficient development strategy by partnering with existing offshore and onshore facilities rather than building extensive infrastructure from scratch. As a publicly traded company, TMC aims to provide a sustainable source of metals required for the electrification of transportation and renewable energy infrastructure globally.