TMC the metals company Inc. ( (TMC) ) has shared an update.
On March 27, 2025, TMC the metals company Inc. announced it has initiated a process with NOAA and the U.S. Department of Commerce to apply for exploration licenses and commercial recovery permits under the Deep Seabed Hard Mineral Resources Act of 1980. This move is part of TMC’s strategy to secure a stable regulatory path for deep-sea mineral recovery, following extensive legal diligence and engagement with U.S. officials. The company believes the U.S. seabed mining code offers a predictable framework for commercial recovery, and it plans to submit applications in the second quarter of 2025, highlighting the strategic opportunity deep-sea minerals represent for the U.S. supply chain.
More about TMC the metals company Inc.
The Metals Company is an explorer of critical metals from seafloor polymetallic nodules, focusing on supplying metals for infrastructure, power generation, transmission, and batteries. The company aims to have a net positive impact compared to conventional production routes and holds exploration and commercial rights to areas in the Clarion Clipperton Zone of the Pacific Ocean.
YTD Price Performance: 38.33%
Average Trading Volume: 2,815,368
Technical Sentiment Signal: Sell
Current Market Cap: $571.3M
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