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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>TMC reported 1Q23 results, which included break-even EPS versus ($0.09) in the year-ago period, and use of $23.5 million in cash, leaving the company with $28.4 million in cash on hand, which along with still undrawn unsecured debt of $25 million, will be sufficient to fund ongoing operating expenses and working capital needs for the next 12 months, according to management.</li><li>Resistance is futile. The ISA meetings concluded in March 2023 included the commitment by all members to complete the undersea mining code, which management believes will result in said code being finalized in 2H23 and certain media observers recognizing that the commercialization of the industry is a question of “when” and no longer “if”.</li><li>While TMC would prefer to wait for the final mining code issuance to submit its exploitation application, management reserves the right to submit such an application, in accordance with ISA charter, even if final regulations aren’t completed by the end of 2023.</li></ul>

TMC reported 1Q23 results, which included break-even EPS versus ($0.09) in the year-ago period, and use of $23.5 million in cash, leaving the company with $28.4 million in cash on hand, which along with still undrawn unsecured debt of $25 million, will be sufficient to fund ongoing operating expenses and working capital needs for the next 12 months, according to management.Resistance is futile. The ISA meetings concluded in March 2023 included the commitment by all members to complete the undersea mining code, which management believes will result in said code being finalized in 2H23 and certain media observers recognizing that the commercialization of the industry is a question of “when” and no longer “if”.While TMC would prefer to wait for the final mining code issuance to submit its exploitation application, management reserves the right to submit such an application, in accordance with ISA charter, even if final regulations aren’t completed by the end of 2023.

TMC the Metals Company, Inc. - Deep-Sea Mining Is a Question of When, Not If

TMC the metals co

TMC the Metals Company, Inc. - Deep-Sea Mining Is a Question of When, Not If