TMC the metals company Inc. announced its second quarter 2025 financial results, highlighting a significant increase in net loss compared to the previous year. The company reported a net loss of $74.3 million for the quarter ended June 30, 2025, in contrast to a net loss of $20.2 million for the same period in 2024. The operating loss for the quarter was $22 million, slightly higher than the $20.3 million reported for the second quarter of 2024. Cash used in operations amounted to $10.6 million, with a total cash reserve of approximately $115.8 million as of June 30, 2025. The net loss includes a non-recurring charge of $33 million related to the fair value of warrants issued to the Republic of Nauru and a $16.2 million charge due to an increase in the fair value of warrant liability, reflecting a significant rise in share price during the quarter. The company remains optimistic about its cash position, asserting that it is sufficient to meet capital commitments for at least the next twelve months. In a significant business development, TMC highlighted the strategic investment from Korea Zinc, which strengthens the company's market position. TMC Chairman and CEO Gerard Barron emphasized the importance of this investment and the publication of the Pre-Feasibility Study $(PFS)$ for the NORI-D Project, which indicates a clear path to production and a combined Net Present Value $(NPV)$ of $23.6 billion for the company's portfolio.