Sign in

    Matthew O'Keefe • Alliance Global Partners

    Matthew O'Keefe's questions to TMC the metals company Inc (TMC) leadership

    Matthew O'Keefe's questions to TMC the metals company Inc (TMC) leadership • Q2 2025

    Question

    Matthew O'Keefe from Cantor Fitzgerald questioned the allocation of the $492 million pre-production CapEx among partners, the status of applications for US government funding for both offshore and onshore development, and the potential to accelerate the timeline for a US processing facility.

    Answer

    CFO Craig Shesky stated that while a detailed breakdown of the pre-production CapEx split with Allseas is premature, it is a current priority. He confirmed TMC is actively pursuing US government funding for both offshore and onshore activities. Chairman and CEO Gerard Barron added that the timeline for a US processing plant could "absolutely go quicker" with available funding, leveraging partner Korea Zinc's expertise.

    Ask Fintool Equity Research AI

    Matthew O'Keefe's questions to TMC the metals company Inc (TMC) leadership • Q1 2025

    Question

    Matthew O'Keefe inquired about the new exploration ground in the NOAA application, specifically the 500 million-ton potential area, and asked for an update on the 30- and 60-day review process timeline.

    Answer

    Chairman and CEO Gerard Barron explained that the additional exploration area is complementary to existing grounds and was deliberately chosen to avoid competing sovereign claims, with a map to be released soon. Executive Craig Shesky added that specifics are being withheld for commercial sensitivity pending initial NOAA review. Regarding the timeline, Mr. Barron confirmed regular contact with NOAA, stated he expects to hear something "very soon," and plans to provide a clear roadmap to the market.

    Ask Fintool Equity Research AI

    Matthew O'Keefe's questions to TMC the metals company Inc (TMC) leadership • Q3 2024

    Question

    Matthew O'Keefe of Alliance Global Partners inquired about the new services business, asking about its potential scale, revenue model, setup costs, and geographic focus beyond the Clarion-Clipperton Zone.

    Answer

    Chairman and CEO Gerard Barron explained that the services business leverages a decade of operational expertise and requires no significant new investment. He noted the market could grow tenfold after the mining code is adopted and confirmed that services could extend to territorial waters. Executive Craig Shesky added that this initiative is part of the company's capital-light strategy and utilizes the existing world-class team.

    Ask Fintool Equity Research AI