TMC Announces $37 Million Strategic Investment to Advance Deep-Sea Mineral Development

The financing is led by Michael Hess, Chief Investment Officer of Hess Capital, and Brian Paes-Braga, Managing Partner at SAF Group and Head of SAF GrowthIt comprises a Registered Direct Offering at $3.00 per share and warrants exercisable at$4.50 per share, with mandatory exercise if shares trade above $7.00 per share for 20 consecutive daysProceeds are expected to be sufficient to fund operations through the potential issuance of a commercial recovery permitThe investor group brings decades of experience ...