TMC Secures Key NOAA Milestone for Deep-Sea Mining

TMC the metals company Inc. ( (TMC) ) has shared an announcement.

On March 9, 2026, TMC announced that the U.S. National Oceanic and Atmospheric Administration determined its subsidiary TMC USA’s consolidated application for an exploration license and commercial recovery permit under the Deep Seabed Hard Mineral Resources Act is in substantial compliance with regulatory requirements. The application, the first of its kind under NOAA’s new consolidated framework, expands TMC USA’s prospective commercial recovery area for polymetallic nodules in the Clarion Clipperton Zone from about 25,000 to roughly 65,000 square kilometers, potentially covering an estimated 619 million tonnes of wet nodules and streamlining the permitting timeline for moving from exploration to commercial operations.

The determination marks a key regulatory milestone for TMC’s U.S. pathway to deep-sea nodule mining and reflects more than a decade of environmental, scientific and engineering work underpinning its plans. With public comment periods on TMC USA’s exploration license applications completed and NOAA’s consolidated review process designed to integrate exploration data directly into commercial recovery assessments, the decision strengthens the company’s positioning in the emerging deep-seabed mining industry and could accelerate its efforts to supply critical metals to U.S. markets, subject to further regulatory approvals.

The most recent analyst rating on (TMC) stock is a Buy with a $8.00 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, widening losses, and continued cash burn alongside negative equity). Offsetting factors include constructive technical momentum (price above major moving averages with positive MACD) and a moderately positive earnings narrative focused on liquidity and permitting progress, while valuation is difficult to support due to negative earnings and no dividend data.

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, with a focus on supplying metals for the energy, defense, manufacturing and infrastructure sectors. The company pursues a dual mission of providing these resources with reduced environmental impact and establishing circular systems to trace, recover and recycle the metals it supplies.

Average Trading Volume: 8,401,962

Technical Sentiment Signal: Buy

Current Market Cap: $2.37B

Find detailed analytics on TMC stock on TipRanks’ Stock Analysis page.