TMC the metals Co Inc.

We are a deep seabed minerals developer focused on collecting, processing, and refining polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone ("CCZ"). The CCZ is located approximately 1,500 miles (or 2,400 kilometers) south-west of San Diego, California, and spans approximately 4,500,000 square kilometers (1,737,000 square miles). Polymetallic nodules are unattached rocks on the seafloor that contain high concentrations of nickel, copper, cobalt, and manganese, along with meaningful concentrations of rare earth elements (REE). These metals and REEs are on the U.S. Department of Interior's "2025 List of Critical Minerals," with uses in strategic sectors like semiconductors, AI data centers, steel manufacturing, and the defense and marine industrial base. Nickel was also selected by the U.S. Department of War in March 2026 for targeted procurement efforts through the Defense Industrial Base Consortium. Our resource definition work indicates that nodules in our contract areas represent the world's largest estimated undeveloped resource of several of these critical metals. If we achieve commercial-scale collection, we plan to initially produce nickel-, cobalt-, and copper-bearing intermediate and metal cathode products, as well as a manganese silicate product of approximately 40% manganese, comparable to medium-grade manganese ore.