TMC on Nasdaq

TMC the metals Co Inc.

Canadian metal mining company that raised $30.4 million in 2022 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerTMC on Nasdaq1
  • IndustryMetal Mining1
  • HeadquartersVancouver, Canada1
  • Incorporated inBritish Columbia, Canada2
  • Business address1111 West Hastings Street, 15Th Floor, Vancouver, A1 V6E 2J32
  • Filer categoryNon-accelerated filer2
  • Legal formCorporation

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We are a deep seabed minerals developer focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (“CCZ”), approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,737,000 square miles). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in significant quantities in the CCZ and have high concentrations of nickel, copper, cobalt and manganese, alongside meaningful concentrations of rare earth elements (REE) in a single rock.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income45678-$140.1M in 2025+147% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M02020: -$56.6M-$56.6M20202021: -$149.6M-$149.6M2021+164%2022: -$174.1M-$174.1M2022+16%2023: -$72.4M-$72.4M2023−58%2024: -$81.3M-$81.3M2024+12%2025: -$140.1M-$140.1M2025+72%
Net income945678-$319.8M in 2025+3538389% since 2019
-$400.0M-$300.0M-$200.0M-$100.0M02019: -$9.0K-$9.0K20192020: -$56.6M-$56.6M2020+626418%2021: -$141.3M-$141.3M2021+150%2022: -$171.0M-$171.0M2022+21%2023: -$73.8M-$73.8M2023−57%2024: -$81.9M-$81.9M2024+11%2025: -$319.8M-$319.8M2025+290%
Fiscal year20192020202120222023202420252026
Operating income-$56.6M4-$149.6M5-$174.1M6-$72.4M7-$81.3M8-$140.1M8
Income before tax-$141.3M5-$170.9M6-$73.7M7-$81.9M8-$319.7M8
Income tax$77.0K6$41.0K7$48.0K8$144.0K8
Net income-$9.0K9-$56.6M4-$141.3M5-$171.0M6-$73.8M7-$81.9M8-$319.8M8
Earnings per share$0.324$0.695$0.716$0.267$0.258$0.838
Earnings per share (diluted)$0.324$0.695$0.716$0.267$0.258$0.838
Shares (weighted, basic)204.9M shares5239.9M shares6288.6M shares7321.9M shares8384.5M shares8
Shares (weighted, diluted)204.9M shares5239.9M shares6288.6M shares7321.9M shares8384.5M shares8

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Leadership

Who has led TMC the metals Co Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Scott Edward Leonard2020
  2. Gerard Barron2021–now

Chair

  1. Gerard Barron2025–now

Chief financial officer

  1. David Quiram2020
  2. Craig Shesky2021–now
2025
Board members and other officers (21)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorAndrew Hall named Aug 26, 202237

Former names

  • Sustainable Opportunities Acquisition Corp.Feb 18, 2020 to Sep 9, 20212

Timeline

  1. Sep 13, 2021New chief executive Gerard Barron becomes CEO13
  2. May 5, 2020New chief executive Scott Edward Leonard becomes CEO14

Filings

386 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 74 major events, 137 insider forms, 43 large holders, 2 private raises, 108 other. The latest 20:

  1. Oct 9, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Oct 9, 20263 OWNERSHIP DOCUMENT EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 29, 2026SD EDGAR
  5. Sep 16, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Sep 11, 2026SCHEDULE 13D/A EDGAR
  7. Sep 9, 202625-NSE EDGAR
  8. Aug 19, 20268-K EDGAR
  9. Aug 17, 20268-K EDGAR
  10. Aug 13, 202610-Q EDGAR
  11. Aug 13, 20268-K EDGAR
  12. Jul 7, 2026SCHEDULE 13D/A EDGAR
  13. Jul 7, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Jun 2, 2026144 EDGAR
  15. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jun 2, 20264 OWNERSHIP DOCUMENT EDGAR

The 386 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

64 open-market trades by officers, directors and large owners since October 2021: 20 buys and 44 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 1, 2026Heerema Edward10% ownerBuy7,305,567Form 4
Jun 2, 2026May BrendanDirectorSale20,768$6.42$133.3KForm 4
Mar 26, 2026Shesky CraigChief Financial OfficerSale215,492$4.53$976.2KForm 4
Mar 25, 2026Shesky CraigChief Financial OfficerSale78,186$4.58$358.1KForm 4
Mar 24, 2026Shesky CraigChief Financial OfficerSale51,941$4.74$246.2KForm 4
Dec 2, 2025O'Sullivan AnthonyChief Development OfficerSale50,000$6.77$338.5KForm 4
Nov 28, 2025O'Sullivan AnthonyChief Development OfficerSale50,000$6.51$325.5KForm 4
Sep 22, 2025ILVES ErikaChief Strategy OfficerSale1,591,485$5.77$9.2MForm 4
Aug 26, 2025O'Sullivan AnthonyChief Development OfficerSale250,000$5.25$1.3MForm 4
Jun 26, 2025May BrendanDirectorSale44,204$7.38$326.2KForm 4
Jun 25, 2025May BrendanDirectorSale25,000$7.80$195.0KForm 4
Jun 20, 2025O'Sullivan AnthonyChief Development OfficerSale185,110$7.09$1.3MForm 4
Jun 9, 2025O'Sullivan AnthonyChief Development OfficerSale50,000$4.20$210.0KForm 4
May 27, 2025O'Sullivan AnthonyChief Development OfficerSale100,000$4.78$478.0KForm 4
May 22, 2025Stichting Administratiekantoor Aequa Lance Foundation10% ownerBuy2,333,333Form 4
May 21, 2025O'Sullivan AnthonyChief Development OfficerSale164,317$4.49$737.8KForm 4
Apr 1, 2025Shesky CraigChief Financial OfficerSale353,702$1.66$587.1KForm 4
Mar 4, 2025May BrendanDirectorSale8,916$1.67$14.9KForm 4
Dec 30, 2024ILVES ErikaChief Strategy OfficerSale217,099$1.11$241.0KForm 4
Dec 24, 2024May BrendanDirectorBuy25,000$0.87$21.8KForm 4

All 64 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 12, 2022Raised $30.3 million in a private offering of equity Form D: 24 investors so far Form D
  2. Aug 12, 2022Raised $99,999 in a private offering of equity Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First Manhattan Co. Llc.15,315,924$67.8M0.2%No change
Citadel Advisors LLC3,275,718$14.5M0.0%−350,183
Millennium Management LLC2,935,946$13.0M0.0%−130,232
Anson Funds Management LP2,644,476$11.7M1.1%New
Baird Financial Group, Inc.2,429,803$10.8M0.0%−40,284
Jane Street Group, LLC2,427,576$10.8M0.0%−4,540,263
Susquehanna International Group, Llp2,368,461$10.5M0.0%+385,315
Yorkville Advisors Global, LP1,303,900$9.3M10.8%New
Tudor Investment Corp Et Al1,691,752$7.5M0.0%+61,989
Marshall Wace, Llp1,572,699$7.0M0.0%−847,247
BlackRock, Inc.1,479,956$6.6M0.0%+239,120
Old West Investment Management, LLC1,204,038$5.3M0.6%No change
State Street Corp1,143,002$5.1M0.0%+156,852
Group One Trading LLC1,055,308$4.7M0.1%+114,824
Renaissance Technologies LLC894,400$4.0M0.0%+164,400
UBS Group AG864,728$3.8M0.0%−483,213
Point72 Asset Management, L.P.822,415$3.6M0.0%+660,448
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.642,898$2.8M0.0%+45,261
Vanguard Portfolio Management LLC635,840$2.8M0.0%+46,187
Mirador Capital Partners LP613,528$2.7M0.3%+47,199
Legend Capital Advisors LLC613,294$2.7M1.5%−32,200
XTX Topco Ltd592,788$2.6M0.0%+353,605
Goldman Sachs Group Inc479,112$2.1M0.0%−341,065
Trexquant Investment LP458,586$2.0M0.0%+372,553
Balyasny Asset Management L.P.445,420$2.0M0.0%+251,186

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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