TMC the metals company Inc. issued a press release announcing its fourth quarter and full year 2025 financial results, including an operating loss of $44.7 million and net loss of $40.4 million for the quarter. The company also provided updates on exclusive negotiations for a nodule processing hub in Texas and a new strategic partnership with Mariana Minerals.
Key takeaways
Reported Q4 2025 operating loss of $44.7 million and net loss of $40.4 million with net loss per share of $0.08.
Ended 2025 with total cash of approximately $117.6 million and used $11.4 million cash in operations for Q4.
Engaged in exclusive negotiations for 1,466 acres at the Port of Brownsville, Texas for a potential nodule processing and refining facility.
Signed a Strategic Partnership Agreement with Mariana Minerals on March 19, 2026 to support feasibility studies for the Brownsville facility.
Expects to report approximately $154 million of liquidity at March 31, 2026, including undrawn credit facilities.
Confidence is high in securing a commercial recovery permit within a year and expects to complete an updated commercial agreement with Allseas soon.