Tmc announces $37 million strategic investment to advance deep-sea mineral development

New york, may 12, 2025 (globe newswire) -- tmc the metals company inc. (nasdaq: tmc) (“tmc” or the “company”), a leading explorer of the world's largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today announced a $37 million registered direct offering through a securities purchase agreement with michael hess and his affiliated private investment vehicles. brian paes-braga, managing partner at saf group and a long-time supporter of tmc, is participating alongside mr. hess in the offering. an existing strategic tmc investor is also participating in the offering.
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