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flag The Metals Company reported a Q3 net loss but increased borrowing and plans a $17.5M fundraising for seabed mining.

flag The Metals Company (TMC) reported a $10.5 million increase in borrowing capacity and a $20.5 million net loss for Q3 2024. flag The company plans to raise $17.5 million through a registered direct offering to boost working capital. flag TMC's subsidiary, NORI, aims to submit an exploitation application to the International Seabed Authority by June 27, 2025. flag TMC's CEO expressed optimism about increased U.S. interest in seafloor metal development.

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