SCHEDULE: Korea Zinc Discloses 7.2% Beneficial Ownership Stake in TMC the metals Co Inc.
Beneficial Ownership Report
Korea Zinc Company, Ltd. has disclosed a 7.2% beneficial ownership stake in TMC the metals Co Inc., comprising common shares and warrants.
Summary
- Korea Zinc Company, Ltd. reported beneficial ownership of 26,491,557 shares in TMC the metals Co Inc.
- This stake represents 7.2% of the class of Common Shares, without par value, of TMC the metals Co Inc.
- The ownership consists of 19,623,376 common shares and 6,868,181 warrants to purchase common shares.
- The percentage beneficial ownership is calculated based on 6,868,181 warrants and 362,186,002 common shares outstanding as of May 13, 2025, as reported in TMC's Form 10-Q filed with the SEC on May 14, 2025.
- Korea Zinc Company, Ltd. holds sole voting power and sole dispositive power over all 26,491,557 beneficially owned shares.
- The filing was made under Rule 13d-1(b) as a non-U.S. institution.
- The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not contain inherently positive or negative financial performance or strategic announcements.
Future Outlook
No forward-looking statements or guidance are provided in this beneficial ownership report.
Industry Context
Korea Zinc Company, Ltd. is a global leader in non-ferrous metal smelting. Its significant investment in TMC the metals Co Inc., a company focused on deep-sea polymetallic nodule collection, may indicate a strategic interest in securing future raw material sources or diversifying its supply chain within the broader metals industry.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional investor holding a 7.2% stake may influence market perception, trading volume, and liquidity of TMC the metals Co Inc.'s shares.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Date as of which TMC the metals Co Inc.'s common shares outstanding were reported in its Form 10-Q. |
| 05/14/2025 | Date TMC the metals Co Inc. filed its quarterly report on Form 10-Q with the SEC. |
| 06/25/2025 | Date of the event which required the filing of this statement. |
| 07/02/2025 | Date the Schedule 13G was signed by Korea Zinc Company, Ltd. |
Keywords
TMC the metals Co Inc., Korea Zinc Company, Ltd., Schedule 13G, beneficial ownership, common shares, warrants, SEC filing, ownership stake, metals industry, deep-sea mining
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