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Tmc The Metals Company Inc - TMC STOCK NEWS

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Overview of TMC The Metals Company Inc

TMC The Metals Company Inc (TMC) is a pioneering deep‐sea exploration company dedicated to sourcing lower-impact battery metals through the extraction of polymetallic nodules from the seafloor. Operating in the Clarion Clipperton Zone, a vast undersea region in the Eastern Pacific Ocean, TMC leverages state-of-the-art marine technology and extensive environmental research to access one of the world's largest undeveloped stores of critical minerals. Keywords such as deep‐sea exploration, polymetallic nodules, and battery metals underscore its role in addressing the growing demand for sustainable resource solutions.

Core Business and Operational Strategy

TMC's primary business includes the collection, processing, and refining of seafloor polymetallic nodules. Through its subsidiaries, the company holds exploration and commercial rights in multiple contract areas, emphasizing responsible and lower-impact extraction methods. Its operations are designed to minimize adverse environmental impacts while maximizing resource efficiency through advanced technological partnerships and rigorous baseline environmental studies.

Market Position and Industry Relevance

Positioned at the intersection of cutting-edge resource exploration and sustainable innovation, TMC contributes significantly to the supply chains underpinning the global energy transition. Its strategic focus on deep-sea mining differentiates it from traditional terrestrial mining operations, offering a novel solution to the challenges faced by the battery metals industry. The company's work is critical in diversifying the sources of key minerals and reducing dependency on conventional, environmentally intensive mining practices.

Environmental and Technological Expertise

TMC is committed to environmental stewardship through the comprehensive development of baseline datasets and environmental assessments. Its decade-long environmental campaigns have established some of the most detailed geochemical and biological profiles in the Clarion Clipperton Zone. By integrating technological innovations in deepwater processing and onshore refinement, TMC fosters a new paradigm in critical mineral supply that seeks to harmonize industrial progress with ecological responsibility.

Partnerships and Global Outreach

The company maintains a global presence with operational hubs in regions including Nauru, Singapore, Tonga, and North America. Collaboration with technical experts, research institutions, and industry stakeholders strengthens TMC's capability to refine and process raw nodule materials. These strategic alliances not only enhance its operational resilience but also ensure adherence to international best practices in sustainable resource management.

Expertise, Experience, and Resource Development

Drawing on years of industry experience, TMC has invested substantially in developing the infrastructure and technological capability necessary for the responsible exploitation of seafloor resources. Its approach marries advanced engineering with a deep understanding of marine geology, ensuring that the extraction and subsequent processing of critical battery metals are both efficient and environmentally considerate. The result is an operational framework that appeals to both regulators and global stakeholders looking for innovative resource solutions.

Conclusion

TMC The Metals Company Inc exemplifies a modern approach to resource exploration where sustainable practices and technological proficiency coincide. With its robust portfolio in international seafloor mining and a mission aimed at creating a recyclable, traceable metal commons, TMC stands as a serious player in transforming the way critical battery metals are sourced. Its commitment not only supports the global energy transition but also signals a shift towards responsible and resilient industrial processes in a rapidly evolving marketplace.

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TMC, the metals company Inc., appoints Steve Jurvetson as Vice Chairman and Special Advisor to the CEO. Jurvetson, a renowned investor, brings extensive experience in technology investments and successful IPOs. His role will help TMC transition into commercial production of battery metals from seafloor nodules.
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TMC the metals company Inc. provides a corporate update and financial results for Q4 2023 and FY 2023. The company reported a net loss of $33.5 million for Q4 and $73.8 million for FY 2023, with total cash on hand of $6.8 million at December 31, 2023. Operational highlights include the expected timeline to first production in 2026 and key research campaigns evaluating seafloor ecosystem recovery. TMC also shared findings on environmental impacts, produced nickel sulfate from nodules, and signed an MoU with PAMCO. Industry updates include developments at the International Seabed Authority and U.S. Congress initiatives. Financially, TMC reported decreased exploration and evaluation expenses in 2023 compared to 2022, with a net loss improvement year over year.
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The Metals Company (TMC) to host a conference call to discuss Q4 and full-year financial results and corporate updates. The call will take place on March 25, 2024, at 4:30 p.m. ET. Investors can register for the audio-only dial-in or virtual webcast with slides.
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Former U.S. government officials and military officers, including Hillary Clinton and Leon Panetta, urge Senate to ratify UNCLOS for U.S. to join International Seabed Authority. TMC, an explorer of critical battery metals, supports the call amid concerns of China and Russia exploiting seabed resources.
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The Responsible Use of Seafloor Resources Act (RUSRA) aims to support the collection of polymetallic nodules for critical minerals, endorsed by TMC the metals company Inc. The bill addresses the need for U.S. competitiveness in clean energy technologies and national defense while reducing over-dependence on adversarial nations.
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TMC the metals company (Nasdaq: TMC) welcomes the passage of the 2024 National Defense Authorization Act, which directs the Department of Defense to submit a report assessing the domestic processing of seafloor polymetallic nodules by March 1, 2024. The Act aims to establish a secure supply chain of critical and strategic minerals and materials, reducing reliance on sources from foreign adversaries. TMC has received support from congressional leaders and former military leaders, urging the Biden Administration to assess domestic processing of seafloor polymetallic nodules to secure key energy transition metals and close national security vulnerabilities.
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Nauru Ocean Resources Inc. (NORI) conducted a successful offshore scientific research campaign to assess seafloor impacts and recovery rates for potential polymetallic nodule collection operations in the Clarion Clipperton Zone (CCZ). The company, under The Metals Company (Nasdaq: TMC), overcame illegal disruptions from Greenpeace International to gather essential environmental data, spending ~$150 million on cumulative Environmental and Social Impact Assessments (ESIAs) over the last 11 years. The results of the latest campaign will inform NORI's application to the International Seabed Authority (ISA) for a commercial exploitation contract, with plans to submit following the July 2024 meeting of the ISA.
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TMC the metals company Inc. (Nasdaq: TMC) is an explorer of the world’s largest estimated undeveloped source of critical battery metals. The company is involved in deep-sea polymetallic nodule collection and processing, with a focus on securing key energy transition metals and closing national security vulnerabilities. TMC has received support from Members of Congress, including the House Armed Services Committee and former Military leaders, as well as bipartisan coalitions, urging the U.S. Government to assess domestic processing of seafloor polymetallic nodules.
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TMC The Metals Company Inc. (TMC) announced that the District Court of Amsterdam has ordered Greenpeace International to immediately disembark from the research vessel MV Coco, which is conducting environmental and scientific studies as part of its subsidiary Nauru Ocean Resources Inc (NORI)’s Environmental and Social Impact Assessment. TMC CEO & Chairman Gerard Barron commented on the court opinion and stated that while they respect Greenpeace’s right to peaceful protest, their priority is to ensure the safe continuance of their legally-mandated operations and the safety of all involved. The court-ordered penalties were issued to compel Greenpeace to comply with the order, and TMC and NORI retain their legal rights to pursue compensation for any financial losses incurred due to Greenpeace’s actions. TMC remains dedicated to collaboration and dialogue with all stakeholders, including environmental groups, as they continue their pioneering work to collect and share important data with the world to enable informed decision-making.
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TMC the metals company Inc. (TMC) has announced the completion of a study by Benchmark Mineral Intelligence on the impact of terrestrial cobalt mining in the Democratic Republic of Congo (DRC) and nickel mining in Indonesia on carbon sinks. The study found that 1 kg of nickel mined in Sulawesi removes forests containing carbon stock equivalent to 7.0 and 9.4 kg of CO2e, and 1 kg of cobalt mined in Katanga removes 3.6 kg of CO2e. Mining activities cause carbon sequestration services loss of 4.8g and 6.5g of CO2e respectively for nickel, and 9.3g of CO2e for cobalt per year.
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FAQ

What is the current stock price of Tmc The Metals Company (TMC)?

The current stock price of Tmc The Metals Company (TMC) is $1.86 as of April 10, 2025.

What is the market cap of Tmc The Metals Company (TMC)?

The market cap of Tmc The Metals Company (TMC) is approximately 622.8M.

What is the core business of TMC The Metals Company Inc?

TMC specializes in the exploration and extraction of polymetallic nodules from the deep-sea floor to produce critical battery metals. Its operations focus on sustainable and lower-impact resource extraction.

In which region does TMC primarily operate?

The company operates in the Clarion Clipperton Zone of the Eastern Pacific Ocean, one of the world’s largest undeveloped areas for seafloor minerals.

How does TMC contribute to the global energy transition?

By supplying critical battery metals sourced from seafloor nodules using environmentally considerate technologies, TMC aids in diversifying supply chains and reducing reliance on traditional, high-impact mining methods.

What distinguishes TMC's approach from terrestrial mining operations?

TMC emphasizes lower-impact extraction methods, robust environmental baseline studies, and advanced deepwater processing technologies. This approach minimizes ecological damage while meeting industrial needs.

How does the company ensure environmental responsibility?

TMC conducts extensive environmental baseline assessments and collaborates with scientific experts to monitor and mitigate potential adverse impacts. Its commitment to transparency and sustainable practices reinforces its environmental stewardship.

Which global regions are significant to TMC's operations?

The company maintains a presence in strategic locations such as Nauru, Singapore, Tonga, and North America, enabling it to leverage global expertise and foster international partnerships.

What role does technological innovation play in TMC's business model?

Technological innovation is central to TMC's operations, from deepwater mining techniques to advanced processing systems. These innovations enhance efficiency, reduce environmental footprints, and support sustainable resource development.

How does TMC ensure the sustainability of the metals it supplies?

TMC implements a traceable and recyclable metals system, ensuring that the battery metals sourced are managed throughout their lifecycle. This comprehensive approach helps create a renewable metal commons for future use.
Tmc The Metals Company Inc

Nasdaq:TMC

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TMC Stock Data

622.76M
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49.05%
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3.34%
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