🔴 The Metals is trading 6.6% down today after a wider-than-expected loss

The Metals is trading 6.6% down now at $4.12 after August 13, 2026 earnings report showed a $0.14-per-share loss versus $0.06 expected.

• Higher exploration costs tied to Allseas agreement contributed to the loss; management shifted expected NOAA certification to October 2026, later than anticipated.
• Shares fell 1.34% in the August 13 session and another 3.17% after hours, with continued selling pressure at the August 14 open.
• The decline is company-specific; modest cryptocurrency losses do not explain its magnitude.