The Metals Company Q3 2023 Corporate Update | Battery Metals

The Metals Company presents its Q3 2023 corporate update highlighting a net loss of $12.8 million and total cash position of $22.5 million. The company discusses progress on its seafloor nodule collection operations through subsidiary NORI, financing activities including a $24.9 million registered direct offering, and development of its Adaptive Management System with AI capabilities. TMC is advancing its environmental impact assessment and pre-feasibility study toward securing an exploitation contract from the International Seabed Authority.