Altius Minerals Corporation press release

TMC ALERT: The Klein Law Firm Reminds Investors of a Lead Plaintiff Deadline of December 27, 2021 in the Class Action Filed on Behalf of TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. Limited Shareholders

2021-12-16

TSX - Toronto Stock Exchange · Copper · Gold · Silver · Potash · Boron · Lithium · Magnesium · Sodium · Bromine · Chlorine · Iodine · Phosphate · Sulfur · Nickel · Cobalt · Iron · Coal · Canada

NEW YORK, NY / ACCESSWIRE / December 16, 2021 /The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. (NASDAQ:TMC) alleging that the Company violated federal securities laws.

Class Period: March 4, 2021to October 5, 2021 Lead Plaintiff Deadline: December 27, 2021 No obligation or cost to you.

Learn more about your recoverable losses in TMC: https://www.kleinstocklaw.com/pslra-1/tmc-the-metals-company-inc-f-k-a-sustainable-opportunities-acquisition-corp-loss-submission-form?wire=1

TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. NEWS - TMC NEWS

CLASS ACTION CASE DETAILS:The filed complaint alleges that TMC the metals company Inc. f/k/a Sustainable Opportunities Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had significantly overpaid for the Tongo Offshore Mining Limited acquisition to undisclosed insiders; (2) the Company had artificially inflated its Nauru Ocean Resources Inc. ("NORI") exploration expenditures to give investors a false scale of its operations; (3) the Company's purported 100% interest in NORI was questionable given prior disclosures to the International Seabed Authority that NORI was wholly owned by two Nauruan foundations and that all future income from NORI would be used in Nauru; (4) Defendants had significantly downplayed the environmental risks of deep-sea mining polymetallic nodules and failed to adequately warn investors of the regulatory risks faced by the Company's environmentally risky exploitation plans; (5) the Company's PIPE financing was not fully committed and, therefore, the Company would not have the cash necessary for large sale commercial production; (6) as a result of the foregoing, the Company's valuation was significantly less than Defendants disclosed to investors; and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER:If you have suffered a loss in TMC you have until December 27, 2021to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU:If you purchased TMC securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS:For additional information about the TMClawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.

ABOUT KLEIN LAW FIRM J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: J. Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 jk@kleinstocklaw.com Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com

SOURCE:The Klein Law Firm

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