For the quarter ending 2026-03-31, TMCWW had $2,069K increase in cash & cash equivalents over the period. -$650K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Loss for the period | -20,599 | -40,398 | -184,517 | -94,929 |
| Nauru and tonga warrant costs | - | 0 | 4,977 | 33,079 |
| Lease expense | - | - | - | 1,000 |
| Amortization | 39 | 79 | 57 | 116 |
| Lease expense | 477 | 477 | 476 | 954 |
| Share-based compensation and expenses settled with equity | 23,975 | 34,407 | 42,965 | 19,300 |
| Equity-accounted investment loss | -2,998 | 725 | -492 | 54 |
| Gain on dilution of investment | 4,602 | 2,682 | 2,967 | - |
| Change in fair value of royalty liability | - | 0 | -131,000 | - |
| Change in fair value of warrants liability | -10,662 | -379 | -3,852 | 16,670 |
| Unrealized foreign exchange movement | 726 | -32 | 1,236 | -4,687 |
| Interest paid on amounts drawn from credit facilities and short-term debt | - | 0 | -130 | -693 |
| Corporate income taxes paid during the year | - | 93 | - | - |
| Accrued interest on credit facilities | - | - | - | 128 |
| Receivables and prepayments | 48 | 1,482 | 48 | -332 |
| Accounts payable and accrued liabilities | 8,533 | -591 | 1,424 | 401 |
| Net cash used in operating activities | -615 | -11,355 | -11,487 | -20,009 |
| Proceeds from investee distribution | - | 346 | 0 | 346 |
| Acquisition of equipment and software | 35 | 105 | 20 | 120 |
| Net cash used in investing activities | -35 | 241 | -20 | 226 |
| Proceeds from korea zinc private placement | - | -47 | 0 | 85,165 |
| Proceeds from registered direct offerings | - | 0 | 6,990 | 35,010 |
| Expenses paid for registered direct offerings | - | 15 | 227 | 492 |
| Proceeds from shares issued from at-the-market distribution agreement | - | 0 | 0 | 14,784 |
| Proceeds from exercise-Classa Warrant | - | 50 | 0 | 3,777 |
| Proceeds from exercise-Class BWarrants | - | 2,150 | 5,000 | 2,650 |
| Repayment of allseas working capital loan | - | - | 0 | 7,500 |
| Proceeds from exercise-Class CWarrants | - | 10,485 | - | - |
| Repayment of drawn amount on credit facilities | - | 0 | 2,478 | 1,797 |
| Repayment of allseas working capital loan | - | 7,500 | - | - |
| Proceeds from employee stock purchase plan | - | 57 | 0 | 10 |
| Proceeds from exercise of stock options | 2,719 | 430 | 2,121 | 462 |
| Net cash provided by financing activities | 2,719 | 13,110 | 11,406 | 132,069 |
| Increase/(decrease) in cash | 2,069 | 1,996 | -101 | 112,286 |
| Impact of exchange rate changes on cash | -20 | -11 | -17 | - |
| Cash - beginning of period | 117,633 | 115,648 | 3,480 | - |
| Cash - end of period | 119,682 | 117,633 | 115,648 | - |
TMC the metals Co Inc. (TMCWW)
TMC the metals Co Inc. (TMCWW)