TMC the metals company Continues Taking On Water

ZMK Capital
1.62K Followers

Summary

  • TMC the metals company is a pioneering deep-sea miner.
  • The product of a SPAC boom and bust which left the firm $200M short of funding.
  • With enough cash to finance operations until Q3 2023, progress is being made.
  • But costly offshore mining leases appear a distraction in the EV metals space.

Bulk-handling crane unloading sand, road metal and gravel from cargo vessel ship, heavy vehicle and portal crane loader working with bulk materials in dock terminal

Nikolay Tsuguliev/iStock via Getty Images

Company Background

It is hard to be enthused about an adventure so vehemently met with social opposition. With access to capital markets freezing over, risk premiums have exploded, yields on debt have mooned, and capital has evaporated following some

This article was written by

1.62K Followers
ZMK Capital is a Southeast Asian based prop trading desk focusing on long/ short macro set ups globally. Additionally, the desk publishes equity specific research, ETF overviews, earnings plays and macro-economic analysis. Current focal points include the global energy market, natural resources, macro-economics, interest rates and Fx. Beyond managing money in these markets, interests include data science linked to securities markets, game theory & professional sports.Feel free to direct message ZMK if you are interested in being part of a community of prop traders, investors & money managers.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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