The Metals Company Q4 2022 Earnings Update: Deep-Sea Battery Metals Mining

The Metals Company presents Q4 and full-year 2022 financial results and operational milestones from its deep-sea polymetallic nodule collection pilot program in the NORI-D contract area. The update covers successful pilot trials, environmental assessments, processing partnerships, and financing activities aimed at securing battery metals for the energy transition. TMC reported a net loss of $109.6 million for Q4 2022 with $46.8 million in cash reserves.