Tmc The Metals Company Inc Stock Price, News & Analysis

TMC (Nasdaq: TMC) welcomed NOAA's final rule, effective January 21, 2026, that modernizes Deep Seabed Hard Mineral Resources Act permitting by allowing a consolidated application and review process for exploration licenses and commercial recovery permits.

The rule permits qualified applicants to incorporate exploration-phase environmental, geological, and engineering data into commercial recovery applications, aiming to reduce duplication and shorten permitting timelines. TMC USA intends to submit a consolidated application and anticipates reduced time to secure a commercial recovery permit under the new framework.

The Metals Company (Nasdaq: TMC) reported third quarter 2025 results and a corporate update on November 13, 2025. Key financials: $115.6M cash at Sept 30, 2025, $11.5M cash used in operations in Q3, an operating loss of $55.4M, and a net loss of $184.5M (‑$0.46/share). The company published two economic studies with a combined NPV of $23.6B, a PFS NPV of $5.5B, and declared 51 Mt probable mineral reserves for NORI‑D. TMC reports bench‑scale production of battery‑grade manganese sulfate and targets potential commercial production in Q4 2027 if a commercial recovery permit is received. Post‑quarter warrant exercises increased cash to about $121M and total liquidity to $165M. NOAA and U.S. government developments cited may affect permitting and regulatory clarity.

The Metals Company (Nasdaq: TMC) will host a Third Quarter 2025 corporate update conference call on Thursday, November 13, 2025 at 4:30 p.m. ET to review Q3 2025 financial results and recent corporate developments.

The event will be available as an audio dial-in and a virtual webcast with slides, and a replay of the webcast will be posted in the company’s Investors > Media > Events and Presentations section approximately two hours after the call. Contact emails: media@metals.co and investors@metals.co. The company develops seafloor polymetallic nodules and describes a dual mission to supply critical metals with lower impact and to trace, recover and recycle metals.

TMC (Nasdaq: TMC) released its Q2 2025 corporate update, highlighting significant milestones and financial results. The company reported total cash of $115.8 million, with a quarterly operating loss of $22 million and net loss of $74.3 million ($0.20 per share).

Key developments include: NOAA's full compliance confirmation for TMC USA's exploration license applications; publication of two economic studies showing a combined NPV of $23.6 billion; and strategic investments from Korea Zinc ($85.2 million) and other partners ($37 million). The company's Pre-Feasibility Study revealed 51 million tonnes of probable mineral reserves in the NORI-D area, with commercial production targeted for Q4 2027.

TMC strengthened its position through updated sponsorship agreements with Nauru and Tonga, while expanding its board with the appointments of Michael Hess and Alex Spiro.

The Metals Company (Nasdaq: TMC), a developer of critical metals from seafloor polymetallic nodules, has scheduled its second quarter 2025 corporate update conference call for Thursday, August 14, 2025, at 4:30 p.m. ET.

The company will discuss Q2 2025 financial results and recent corporate developments during the call, which will be available via audio dial-in and virtual webcast with slides. A replay of the webcast will be accessible approximately two hours after the event in the 'Investors' section of TMC's website.

TMC (NASDAQ: TMC) has released two groundbreaking economic studies with a combined Net Present Value of $23.6 billion. The company published a world-first Pre-Feasibility Study (PFS) for its NORI-D polymetallic nodule project with an NPV of $5.5 billion and declared the first-ever Mineral Reserves of 51 million tonnes for deep-sea polymetallic nodules.

The project expects to commence commercial production in Q4 2027, scaling to 10.8 million tonnes annual production rate of wet nodules at steady state (2031-2043). The company projects steady-state production of 97 ktpa nickel, 2,389 ktpa manganese, 70 ktpa copper, and 7.4 ktpa cobalt with first-quartile production costs of $1,065 per tonne of nickel.

Additionally, TMC released an Initial Assessment for the remaining NORI and TOML areas, showing an NPV of $18.1 billion with a 36% IRR. The studies follow TMC USA's commercial recovery permit application and a strategic investment from Korea Zinc.

[ "World-first declaration of Mineral Reserves for deep-sea polymetallic nodules with 51 million tonnes of probable reserves", "Combined NPV of $23.6 billion across both studies with strong IRRs (27% for NORI-D, 36% for remaining areas)", "First quartile cost position with cash costs of $1,065/tonne nickel including byproduct credits", "High steady state EBITDA margins of 43% for NORI-D and 57% for remaining areas", "Strategic investment secured from Korea Zinc, a major non-ferrous metal smelting group", "Capital-light approach leveraging existing infrastructure with only $113M initial development capex each from TMC and Allseas" ]

TMC (NASDAQ: TMC) and the Kingdom of Tonga have signed a revised Sponsorship Agreement updating their 2021 terms regarding Tonga Offshore Mining Ltd (TOML). The new agreement ensures continued benefits for Tonga from future seafloor mineral resource development by TOML or other TMC subsidiaries.

The agreement comes amid significant delays at the International Seabed Authority (ISA) in adopting Exploitation Regulations, which were required by 2023 and expected by 2025. These delays have hindered TOML's ability to proceed with commercial exploitation activities. The agreement maintains Tonga's existing financial benefits, training programs, and social initiatives while guaranteeing continuity benefits upon the start of commercial production.

TMC (Nasdaq: TMC) has appointed Michael Hess and Alex Spiro to its Board of Directors as the company advances its plans for commercial recovery of polymetallic nodules in international waters under U.S. regulations. Michael Hess, with over 15 years of experience in energy infrastructure and investment, currently serves as CIO of Hess Capital and brings expertise in financing and developing U.S. energy supply chain businesses. Alex Spiro, a prominent U.S. attorney and investor, joins with extensive experience in regulatory, governance, and capital markets across energy, technology, and mining sectors. These strategic appointments strengthen TMC's board as the company executes its U.S. strategy, following a recent Executive Order designating seabed minerals as critical to U.S. national security and TMC's commercial permit application.

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.