The Metals Company

TMC retains the right to repurchase up to 75% of the NORI Royalty at an agreed capped return, exercisable in two transactions, between the second and the tenth anniversary of the agreement.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

If both repurchase transactions are executed, TMCR’s remaining gross overriding royalty on the NORI project revenue will be 0.5%.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

” Financial Results Overview At June 30, 2026, we held cash of approximately $98.7 million and held no financial debt.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

We believe that our cash position will be sufficient to meet our working capital and capital expenditure commitments for at least the next twelve months from today.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

government agencies; the Company's belief that its total liquidity will be sufficient to meet its working capital and capital expenditure commitments for at least the next twelve months; the Company's expectation that its first-mover positioning will enable it to help accelerate the development of a broader U.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

State Department reiterated in July at the ISA meeting: ‘responsible seabed mineral development is a strategic national security and economic priority.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

TMC and Allseas Sign Commercial Agreement for the First Offshore Nodule Recovery Operation On May 11, 2026, we announced that we had signed a Contract for Development Work and Commercial Production with our strategic partner and investor Allseas, a global leader in offshore pipeline installation, heavy lift and subsea construction, for the development, commissioning and operation of the first commercial polymetallic nodule collection system.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

has once again reminded the world of the strategic opportunity presented by the responsible development of deep seabed minerals, and its clear and longstanding legal right to regulate their exploration and commercial recovery in the high seas.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

State Department commented: “For the United States, responsible seabed mineral development is a strategic national security and economic priority; we view seabed minerals in the broader context of critical mineral supply chain security.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

Forward-looking statements in this press release include, but are not limited to, statements with respect to: the Company's strategy to pursue exploration and commercial recovery of seafloor polymetallic nodules under the U.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026

government funding processes do not result in awards with terms, conditions or contingencies favorable to the Company; risks related to strategic partnerships and technology sharing; uncertainties relating to processing nodules at commercial scale and to the accuracy of resource estimates; metals price volatility; the outcome of any pending or future litigation; and other risks and uncertainties described in greater detail in the section entitled Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the U.

SEC original ↗The Metals Company — Earnings release (8-K exhibit)EX-99Aug 13, 2026