Welcome to our dedicated page for TMC the metals company news (Ticker: $TMC), a resource for investors and traders seeking the latest updates and insights on TMC the metals company stock.
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TMC and SGS have successfully produced the world's first nickel sulfate from deep-seafloor polymetallic nodules, showcasing TMC's potential in the battery market. The collaboration with industry leaders has led to the development of an efficient flowsheet design that processes high-grade nickel matte directly to nickel sulfate, offering an environmentally friendly alternative to traditional nickel sources. TMC's exploration rights to large nickel deposits could reduce reliance on rainforest-sourced nickel laterites, benefiting ecosystems and local communities.
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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.
Nasdaq:TMC
TMC Rankings
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Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
VANCOUVER