Recent Updates — TMC

TMC the metals company Inc. appointed Liam Mallon, former President of ExxonMobil Upstream Company, to its Board of Directors effective September 24, 2026, filling a vacancy created by the resignation of Brendan May. Mallon brings over 40 years of global energy and offshore operating experience, having overseen $20–30 billion in annual capital deployment at ExxonMobil, including major projects like the Guyana development and the Pioneer Natural Resources acquisition. He will serve as Chair of the Sustainability and Innovation Committee and received an initial grant of 25,445 restricted stock units plus a special one-time grant of 77,720 RSUs. May’s resignation was not due to any disagreement with company operations. This leadership change occurs as TMC advances regulatory applications for commercial-scale deep seabed mineral recovery in international waters under NOAA oversight. The Metals Company is a developer of critical metals from seafloor polymetallic nodules.