For the quarter ending 2025-09-30, TMC had -$101K decrease in cash & cash equivalents over the period. -$11,507K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Loss for the period | -184,517 | -94,929 |
| Nauru and tonga warrant costs | 4,977 | 33,079 |
| Lease expense | - | 1,000 |
| Amortization | 57 | 116 |
| Lease expense | 430 | 1,000 |
| Share-based compensation and expenses settled with equity | 42,965 | 19,300 |
| Equity-accounted investment loss | -492 | 54 |
| Gain on dilution of investment | 2,967 | - |
| Change in fair value of royalty liability | -131,000 | - |
| Change in fair value of warrants liability | -3,852 | 16,670 |
| Unrealized foreign exchange movement | 1,236 | -4,687 |
| Interest paid on amounts drawn from credit facilities and short-term debt | -130 | -693 |
| Accrued interest on credit facilities | - | 128 |
| Receivables and prepayments | 48 | -332 |
| Accounts payable and accrued liabilities | 1,424 | 401 |
| Net cash used in operating activities | -11,487 | -20,009 |
| Acquisition of equipment and software | 20 | 120 |
| Proceeds from low carbon royalties distribution | 0 | 346 |
| Net cash generated from (used in) investing activities | -20 | 226 |
| Proceeds from korea zinc private placement | 0 | 85,165 |
| Proceeds from registered direct offerings | 6,990 | 35,010 |
| Expenses paid for registered direct offerings | 227 | 492 |
| Proceeds from shares issued from atm | 0 | 14,784 |
| Proceeds from exercise-Classa Warrant | 0 | 3,777 |
| Proceeds from exercise-Class BWarrants | 5,000 | 2,650 |
| Repayment of drawn amount on credit facilities | 2,478 | 1,797 |
| Repayment of allseas working capital loan | 0 | 7,500 |
| Proceeds from exercise of stock options | 2,121 | 462 |
| Proceeds from employee share purchase plan | 0 | 10 |
| Net cash provided by financing activities | 11,406 | 132,069 |
| Increase (decrease) in cash | -101 | 112,286 |
| Effect of exchange rate changes on cash | -17 | - |
| Cash and cash equivalents at beginning of period | 3,480 | - |
| Cash and cash equivalents at end of period | 115,648 | - |
TMC the metals Co Inc. (TMC)
TMC the metals Co Inc. (TMC)