INVESTOR ACTION NOTICE: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, Nov. 23, 2021

Investors who purchased the Company's securities between March 4, 2021, and October 5, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before December 27, 2021.  

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. TMC overpaid for the acquisition of Tonga Offshore Mining Limited ("TOML"), which was owned by insiders. The Company created a false scale of operations by artificially inflating exploration expenditures associated with Nauru Ocean Resources Inc. ("NORI"). The Company's claim of 100% interest in NORI was dubious based on prior disclosures to the International Seabed Authority ("ISA" or the "Authority") that NORI was owned by two Nauruan foundations. The Company failed to fully commit its private investment in public equity ("PIPE") financing, meaning it would not have the cash available for large scale production efforts. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about TMC, investors suffered damages.