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TMC the metals company Inc. ( (TMC) ) just unveiled an announcement.
On January 22, 2026, TMC’s wholly owned U.S. subsidiary, The Metals Company USA LLC, submitted the first-ever consolidated application to the National Oceanic and Atmospheric Administration for both an exploration license and a commercial recovery permit for polymetallic nodules in the Clarion Clipperton Zone of the Pacific Ocean, under NOAA’s new streamlined review framework. The filing expands the company’s proposed commercial recovery area in international waters from about 25,000 km² to roughly 65,000 km², covering an estimated 619 million tonnes of wet nodules with a potential upside of a further 200 million tonnes, and is backed by extensive environmental baseline studies, 27 offshore research cruises, large-scale pilot mining and processing trials, and peer-reviewed research suggesting mining impacts are largely confined to directly mined areas; TMC argues this body of work demonstrates the maturity of its project and positions it to move rapidly into phased commercial operations within the updated U.S. regulatory regime for deep-seabed mining.
The most recent analyst rating on (TMC) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on TMC the metals company Inc. stock, see the TMC Stock Forecast page.
Spark’s Take on TMC Stock
According to Spark, TipRanks’ AI Analyst, TMC is a Neutral.
The score is held back primarily by weak financial performance (no revenue, large and worsening losses, and ongoing cash burn with negative equity). This is partially offset by strong technical momentum (price above key moving averages with positive MACD) and a mixed-but-supportive earnings call focused on liquidity and regulatory progress; valuation remains unattractive/unclear due to unprofitability.
To see Spark’s full report on TMC stock, click here.
More about TMC the metals company Inc.
TMC the metals company Inc. is a developer of lower-impact critical metals sourced from seafloor polymetallic nodules, targeting supply chains for energy, defense, manufacturing and infrastructure. The company focuses on providing high-grade nickel, copper, cobalt and manganese with a stated aim of achieving net positive impacts versus conventional mining, underpinned by more than a decade of environmental and social impact research on offshore nodule collection and onshore processing.
Average Trading Volume: 8,292,822
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.98B
Learn more about TMC stock on TipRanks’ Stock Analysis page.