Metals Company says NOAA determined consolidated application is in compliance

TMC announced that the National Oceanic and Atmospheric Administration, NOAA, has determined that the consolidated application submitted by the Company’s subsidiary, The Metals Company (TMC) USA, for an exploration license and commercial recovery permit under the Deep Seabed Hard Mineral Resources Act, DSHMRA, is in substantial compliance with the requirements of the Act and its implementing regulations. The consolidated application process provides a more efficient regulatory timeline by allowing exploration-phase environmental, geological and engineering data to be incorporated directly into the commercial recovery review process. Meanwhile, TMC USA’s exploration license applications are moving along as expected with public comment periods now completed.