CCZ

TMC Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 25, 2024
Letter, The Metals Company, Exercise, UNCLOS, Environmental issues, Domestic, International Seabed Authority, Breakthrough, The Hidden Gem, Council, Memorandum of understanding, Representative, Legislation, ISA, Mining Code, Seabed, Manganese, Hand, Senate, State, CCZ, Hidden, National security, Research, LTIP, House, Louisiana House of Representatives, Pentagon, Engineering, Government, TMC, National Defense Authorization Act, EDT, Nickel, Sea, Bangladesh Technical Education Board, Ecosystem, Data, Collection, Total

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.
  • Meanwhile, two new applications for deep-sea mineral exploration have recently been submitted to the ISA by the government of India.
  • Exploration and evaluation expenses during the quarter ended December 31, 2023 were $26.7 million compared to $81.8 million for the quarter ended December 31, 2022.
  • We will hold a conference call today at 4:30 p.m. EDT to provide an update on recent corporate developments, fourth quarter and full year 2023 financial results and upcoming milestones.

TMC Subsidiary NORI Completes Key Offshore Research Campaign, Evaluating Seafloor Ecosystem Function a Year Post Nodule Collection Test

Retrieved on: 
Thursday, December 28, 2023
Biophysical environment, ROV, Collection, Research, Acquisition, Social impact assessment, Greenpeace, Biota, ESIA, Clipperton Fracture Zone, TMC, The Metals Company, CCZ, Rare-earth element

NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its latest offshore scientific research campaign to assess seafloor impacts and recovery rates twelve months after the pilot nodule collection system test conducted by its NORI subsidiary.

Key Points: 
  • NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its latest offshore scientific research campaign to assess seafloor impacts and recovery rates twelve months after the pilot nodule collection system test conducted by its NORI subsidiary.
  • The team selected 19 sampling stations in the locality of last year’s nodule collection system test and conducted 39 multicore deployments, recovering 395 individual core samples.
  • Additionally, using a remotely operated vehicle (ROV), the research team deployed innovative seafloor lander systems that are capable of measuring seafloor oxygen fluxes using eddy covariance methods.
  • This new information provides an insight as to the scale of seabed disturbance from nodule collection and how the benthic communities respond over time.

The Metals Company Releases Second Annual Impact Report

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Tuesday, October 31, 2023
Benchmark, Benchmark Mineral Intelligence, EIS, Disclosure, Progress, Cobalt, CCZ, GRI, AI, Handbook, STEM, Communication, Social impact assessment, KPI-driven code analysis, SINTEF, Thought, Metal, Carbon, University, CO2, Task Force on Climate Related Financial Disclosures, TMC, The Metals Company, Map, Digital twin, Data collection, ESG, Clipperton Fracture Zone, Copper, Nickel, Research, Manganese, Blue economy, The Blue Economy, Task force, Outline, Sustainability accounting, CSIRO, Sustainable Development Goals, Climate, SIA, USP, Kongsberg Digital, Alloy, EIA, Renewable energy, Mining

With our second Impact Report, we detail how we can responsibly tap the planet's largest source of key battery materials to supply the energy transition while minimizing its environmental, climate and social impacts.

Key Points: 
  • With our second Impact Report, we detail how we can responsibly tap the planet's largest source of key battery materials to supply the energy transition while minimizing its environmental, climate and social impacts.
  • Benchmark’s LCA shows the NORI-D Project model performed better in almost every impact category analyzed than all the land-based routes analyzed.
  • TMC’s 2022 Impact Report was prepared using the Global Reporting Initiative (GRI) Standards as guidance.
  • To access TMC’s 2022 Impact Report, click here .

Quantinuum's H1 quantum computer successfully executes a fully fault-tolerant algorithm with three logically-encoded qubits

Retrieved on: 
Thursday, September 28, 2023
University of Stuttgart, University, Noise, Delft University of Technology, Small, ArXiv, Quantum Monte Carlo, Medicine, Research, Topological data analysis, Computer, CCZ, Algorithm, Honeywell, Artificial intelligence, Architecture, AI, Environment, Software, Medical device, Computer data storage

CAMBRIDGE, England and BROOMFIELD, Colo., Sept. 28, 2023 /PRNewswire/ -- Fault-tolerant quantum computers that offer radical new solutions to some of the world's most pressing problems in medicine, finance and the environment, as well as facilitating a truly widespread use of AI, are driving global interest in quantum technologies. Yet the various timetables that have been established for achieving this paradigm require major breakthroughs and innovations to remain achievable, and none is more pressing than the move from merely physical qubits to those that are fault-tolerant.

Key Points: 
  • In one of the first meaningful steps along this path, scientists from Quantinuum , the world's largest integrated quantum computing company, along with collaborators, have demonstrated the first fault-tolerant method using three logically-encoded qubits on the Quantinuum H1 quantum computer, Powered by Honeywell, to perform a mathematical procedure.
  • Fault-tolerant quantum computing methods are expected to open the way for practical solutions to real-world problems across domains such as molecular simulation, artificial intelligence, optimization, and cybersecurity.
  • Many companies and research groups are focused on achieving fault-tolerance by handling the noise that naturally arises when a quantum computer performs its operations.
  • This result proves that real hardware is now capable of running all the essentials of fault-tolerant quantum computing – state preparation, Clifford gates, non-Clifford gates and logical measurement – together."

Quantinuum's H1 quantum computer successfully executes a fully fault-tolerant algorithm with three logically-encoded qubits

Retrieved on: 
Thursday, September 28, 2023
University of Stuttgart, University, Noise, Delft University of Technology, Small, ArXiv, Quantum Monte Carlo, Medicine, Research, Topological data analysis, Computer, CCZ, Algorithm, Honeywell, Artificial intelligence, Architecture, AI, Environment, Software, Medical device, Computer data storage

CAMBRIDGE, England and BROOMFIELD, Colo., Sept. 28, 2023 /PRNewswire/ -- Fault-tolerant quantum computers that offer radical new solutions to some of the world's most pressing problems in medicine, finance and the environment, as well as facilitating a truly widespread use of AI, are driving global interest in quantum technologies. Yet the various timetables that have been established for achieving this paradigm require major breakthroughs and innovations to remain achievable, and none is more pressing than the move from merely physical qubits to those that are fault-tolerant.

Key Points: 
  • In one of the first meaningful steps along this path, scientists from Quantinuum , the world's largest integrated quantum computing company, along with collaborators, have demonstrated the first fault-tolerant method using three logically-encoded qubits on the Quantinuum H1 quantum computer, Powered by Honeywell, to perform a mathematical procedure.
  • Fault-tolerant quantum computing methods are expected to open the way for practical solutions to real-world problems across domains such as molecular simulation, artificial intelligence, optimization, and cybersecurity.
  • Many companies and research groups are focused on achieving fault-tolerance by handling the noise that naturally arises when a quantum computer performs its operations.
  • This result proves that real hardware is now capable of running all the essentials of fault-tolerant quantum computing – state preparation, Clifford gates, non-Clifford gates and logical measurement – together."

Biodiversity Data from NORI-D Exploration Area Now Available on UNESCO’s Ocean Biodiversity Information System, Increases Biodiversity Records for the Clarion-Clipperton Zone by About 150%

Retrieved on: 
Monday, July 3, 2023
OBIS, Taste, International Seabed Authority, Metal, Clipperton Fracture Zone, Record, Research, The Metals Company, Biodiversity, CCZ, TMC, Data, Environmental manager, UN, ISA, Biophysical environment, Social impact assessment, Environment, Seaweed, Music, ESIA

The ISA-node provides access to a wealth of information on the deep-sea and biological resources in the global commons for all society to use.

Key Points: 
  • The ISA-node provides access to a wealth of information on the deep-sea and biological resources in the global commons for all society to use.
  • In a week since the publication on OBIS, the NORI-D biodiversity records have been downloaded 67 times, and the total number of occurrence records downloaded exceeds 4.4 million.
  • OBIS holds the world’s largest scientific knowledge base on the diversity, distribution and abundance of all marine organisms.
  • NORI expects numerous further papers to be published in peer-reviewed journals in the coming months and years, adding significantly to society’s understanding of the deep sea.

New Vision Programme Will Test the Sight of 47,500 Rural Zambians

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Thursday, June 29, 2023
Professional Services, Philanthropy, Health, Foundation, General Health, Social Services, Optical, Well, BRAC, ZK, Poverty, Cataract, Glasses, Multimedia, Optometry, Lens (vertebrate anatomy), Organization, CCZ, Care International, Council, Qatar National Vision 2030, Safety, Telescopic sight

This year the programme will test the sight of 47,500 rural Zambians and 12,600 people are expected to acquire the reading glasses they need to see clearly – most for the first-time ever.

Key Points: 
  • This year the programme will test the sight of 47,500 rural Zambians and 12,600 people are expected to acquire the reading glasses they need to see clearly – most for the first-time ever.
  • For the working age adults who will gain clear vision through the programme, eyeglasses are projected to unlock more than $2.5 million (ZK 52.5 million) in income earning potential at the household level.
  • Based on initial program data, the organizations expect that 75% of Zambians screened through the RGIL programme will need vision correction – 58% reading glasses and 20% higher level care including distance glasses, cataract, trachoma treatment, etc.
  • The RGIL program, as well as VisionSpring’s other eyeglasses initiatives, support the Zambian government’s growing efforts to improve eye health.

GCL TECH Showcases FBR Granular Silicon at Intersolar Europe 2023, Highlighting a Solution that Helps Decarbonize Solar Production

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Thursday, June 15, 2023
Intersolar, Carbon footprint, FBR, Electricity, Carbon, PV, Investment, CQC, PERC, CCZ, Growth, Environment, Fluidized bed, CO2, GCL, Renewable energy

"We are excited to be at Intersolar Europe to show our commitment to developing high-tech solar solutions for global users.

Key Points: 
  • "We are excited to be at Intersolar Europe to show our commitment to developing high-tech solar solutions for global users.
  • The birth of GCL FBR granular silicon represents a significant milestone on our journey of empowering the solar industry to establish a greener value chain.
  • Featuring an average carbon footprint of 400–450 kg CO2/kW, which is 10%–28% lower than its market competitors, large-size PERC modules manufactured with FBR granular silicon have obtained French carbon footprint certification.
  • Additionally, GCL TECH has also made key steps in becoming carbon neutral by transitioning to 100% renewable electricity in its production - the company's Leshan manufacturing base is fully powered by renewable energy.

The Metals Company Provides Q1 2023 Corporate Update

Retrieved on: 
Thursday, May 11, 2023
Benchmark, Argentum, Carbon, International Seabed Authority, Investment, Clipperton Fracture Zone, Science, Mining Code, UNCLOS, Area, Allseas, European, ESG, PMTS, Consultant, Social Security Government Pension Offset, Pacific Ocean, María Conchita Alonso, Data, Nickel, NG, Social, Cobalt, Disclosure, CCZ, LCR, Engineering, Biophysical environment, Condition subsequent, Bechtel, Hand, Mineral Resources Limited, Partnership, Metal, LCA, Benchmark Mineral Intelligence, SOFR, Sale, TMC, Strategic partnership, Memorandum of understanding, Copper, Rare-earth element, Cryptocurrency

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the first quarter ending March 31, 2023.

Key Points: 
  • NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the first quarter ending March 31, 2023.
  • Marine minerals are emerging as a strong potential source to help meet growing metals demand.
  • General and administrative expenses were $6.2 million for the quarter ended March 31, 2023 compared to $8.5 million for the quarter ended March 31, 2022.
  • ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.

The Metals Company Announces an Extensive Deep-sea Environmental Data Submission to the International Seabed Authority

Retrieved on: 
Tuesday, March 28, 2023
International Seabed Authority, Metal, Research, Natural History Museum, The Metals Company, Biodiversity, CCZ, TMC, Data, Collection, Environmental manager, ISA, Biophysical environment, Unmanned surface vehicle, Social impact assessment, Environment, ROV, Natural History Museum, London, Dredging, ESIA

TMC’s subsidiary NORI submits data collected during two benthic baseline campaigns on the NORI-D area, adding more than 270,000 benthic biological occurrences to the International Seabed Authority’s ‘DeepData’ catalogue of contractor exploration data.

Key Points: 
  • TMC’s subsidiary NORI submits data collected during two benthic baseline campaigns on the NORI-D area, adding more than 270,000 benthic biological occurrences to the International Seabed Authority’s ‘DeepData’ catalogue of contractor exploration data.
  • Remaining baseline data and samples including geochemical samples and biological samples from the water column are being collated and categorized, with all data expected to be shared with the ISA in the coming months.
  • This first submission of benthic data will provide a significant expansion to the biological holdings contained within the ISA’s ‘DeepData’ platform by contributing over 270,000 occurrences.
  • The total NORI-D dataset is expected to be one of the most comprehensive datasets ever compiled in the deep sea.