Tmc The Metals Company Inc Stock Price, News & Analysis

Korea Zinc has agreed to make a strategic $85.2 million investment in TMC through the purchase of 19.6 million common shares at $4.34 per share, along with a three-year warrant to purchase 6.9 million additional shares at $7.00 per share. Upon closing on June 26, 2025, Korea Zinc will own approximately 5% of TMC's outstanding shares. As a world leader in non-ferrous metal refining and pCAM technology, Korea Zinc is currently evaluating TMC's nodule material samples and exploring potential processing and refining pathways in the US. This partnership comes as TMC advances its commercial recovery permit application with NOAA and prepares to release a pre-feasibility study in Q3 2025. The investment boosts TMC's pro forma cash balance to nearly $120 million, supporting the development of the Hidden Gem commercial production system.

TMC and the Government of Nauru have signed a revised Sponsorship Agreement updating their 2017 terms regarding Nauru Ocean Resources Inc. (NORI). The new agreement ensures Nauru will continue receiving existing financial benefits, training programs, and community benefits, while guaranteeing continuity benefits upon commercial production by NORI or another TMC subsidiary. The agreement comes amid challenges with the International Seabed Authority's (ISA) delayed adoption of Exploitation Regulations, which has impeded NORI's planned commercial exploitation activities. Nauru will direct most financial benefits into its Intergenerational Trust Fund to enhance long-term economic resilience. The partnership, spanning 14 years, has resulted in 22 offshore research campaigns and the first integrated mining test in the Clarion Clipperton Zone since the 1970s. Both parties acknowledge the recent U.S. Executive Order and existing seabed mining code as providing a stable regulatory path forward.

TMC reported its Q1 2025 results with a net loss of $20.6 million ($0.06 per share) and total liquidity of $43.8 million. The company announced a $37 million strategic investment through a registered direct offering at $3.00 per share, with accompanying warrants at $4.50. TMC USA submitted the first-ever commercial recovery permit application for deep-sea minerals under U.S. law, covering 25,160 square kilometers in the Clarion Clipperton Zone. The company also filed two exploration license applications for areas containing an estimated 1.635 billion wet tonnes of polymetallic nodules with approximately 15.5M tonnes of nickel, 12.8M tonnes of copper, 2.0M tonnes of cobalt, and 345M tonnes of manganese. President Trump signed an Executive Order to expedite permitting processes for seabed resources, directing various agencies to support the industry's development.

TMC has secured a $37 million strategic investment through a registered direct offering led by Michael Hess (Hess Capital) and Brian Paes-Braga (SAF Group). The offering includes 12.3 million common shares at $3.00 per share, with each share accompanied by a Class C warrant exercisable at $4.50 per share. The warrants have a three-year term with mandatory exercise if shares trade above $7.00 for 20 consecutive days.

The funding comes at a strategic time following President Trump's Executive Order to accelerate seabed mining and TMC's submission of the world's first commercial recovery application for nodules in international waters. The proceeds will fund operations through the potential issuance of a commercial recovery permit, advancing the company's position in deep-sea mineral development.

The Metals Company (Nasdaq: TMC) has scheduled its first quarter 2025 corporate update conference call for Wednesday, May 14, 2025, at 4:30 p.m. ET. The call will cover Q1 2025 financial results and recent corporate developments. The company, which explores seafloor polymetallic nodules for critical metals, focuses on supplying materials for energy, defense, manufacturing, and infrastructure sectors while maintaining lower environmental impact compared to conventional mining methods.

The conference will be accessible via audio dial-in and virtual webcast with slides. A replay of the webcast will be available approximately two hours after the event in the 'Investors' section of the company's website.

TMC CEO Gerard Barron testified before the House Committee on Natural Resources regarding deep-sea mining potential. During the hearing titled "Exploring the Potential of Deep-Sea Mining to Expand American Mineral Production," Barron emphasized the strategic importance of polymetallic nodules in the Clarion-Clipperton Zone. These nodules, rich in nickel, cobalt, manganese, and copper, could help end U.S. critical mineral dependence. TMC USA recently submitted applications to NOAA for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act. Barron projected the initiative could create over 100,000 American jobs and generate over $300 billion in GDP. Dr. Thomas Peacock from MIT also testified, addressing environmental concerns and dispelling misconceptions about deep-sea mining's impact on carbon sequestration and sediment plumes.

TMC USA has made history by submitting the first commercial recovery permit application for deep-sea minerals in the high seas under U.S. regulations. Following a recent Executive Order on offshore critical minerals, the company filed two exploration licenses and one commercial recovery permit with NOAA.

The commercial recovery permit covers 25,160 square kilometers in the Clarion Clipperton Zone, while two exploration licenses span 199,895 square kilometers. The areas contain an estimated 1,635 million wet tonnes of polymetallic nodules, with potential for 500 million additional tonnes. Key minerals include:

• 15.5 million tonnes of nickel
• 12.8 million tonnes of copper
• 2.0 million tonnes of cobalt
• 345 million tonnes of manganese

Located 1,300 nautical miles south of San Diego, this initiative aims to strengthen U.S. mineral independence. NOAA will review the exploration licenses within 30 days and the commercial permit within 60 days for compliance with regulations.

TMC (Nasdaq: TMC) welcomes a new Executive Order titled 'Unleashing America's Offshore Critical Minerals and Resources' that aims to expedite deep seabed mineral exploration in international waters. The order directs Commerce Secretary Lutnick to streamline permitting under the Deep Seabed Hard Mineral Resources Act (DSHMRA).

The order instructs Defense and Energy departments to evaluate using the National Defense Stockpile for nodule-derived minerals and potential offtake agreements. TMC's U.S. subsidiary plans to file license and permit applications under DSHMRA in Q2 2025 and is positioned to support an American industrial ecosystem for deep-seabed minerals.

The initiative is expected to mobilize significant private investment across U.S. shipbuilding, ports, mineral processing, and advanced manufacturing sectors. TMC has been evaluating U.S. locations for nodule processing since 2019 to reshore critical mineral processing.

TMC the metals company (Nasdaq: TMC) has appointed Rutger Bosland as Chief Innovation and Offshore Technology Officer (CIOTO) to lead their commercial deep-sea mining operations. Bosland, previously Deep-Sea Mining Manager at Allseas, brings nearly two decades of experience in offshore engineering and led the development of TMC's nodule collection system.

As CIOTO, Bosland will focus on optimizing the commercial-scale nodule collection system while ensuring minimal environmental impact. His previous achievements include leading an 80+ engineer team in developing the Hidden Gem - the world's first subsea mining vessel classed by the American Bureau of Shipping.

TMC's NORI and TOML projects are currently ranked as the planet's largest undeveloped nickel projects. In 2022, the company successfully collected over 3,000 tons of nodules from the seafloor. TMC has recently initiated the process with NOAA to apply for exploration licenses and commercial recovery permits under the Deep Seabed Hard Mineral Resources Act of 1980.