Tmc The Metals Company Inc Stock Price, News & Analysis

TMC the metals company announced the completion of a lifecycle assessment (LCA) for its NORI-D Polymetallic Nodule Project, reviewed by Benchmark Mineral Intelligence. The LCA, which compares the environmental impacts of extracting battery metals from seabed nodules versus land-based sources, indicates that TMC's method outperforms traditional mining in most environmental impact categories. Key findings suggest a 70-80% reduction in emissions, particularly in nickel production. This assessment aims to reveal impact hotspots and improve sustainability in the context of rising global demand for battery metals, essential for the energy transition.

TMC has signed a non-binding MOU with Pacific Metals Co Ltd (PAMCO) to evaluate processing 1.3 million tonnes of wet polymetallic nodules annually starting in 2025. This initiative aligns with TMC’s capital-light strategy aimed at commercial production by late 2024, utilizing existing assets requiring minimal changes. PAMCO will analyze a 22-tonne PMN sample collected in November 2022 for processing viability at its Hachinohe facility, producing nickel-copper-cobalt alloy and manganese silicate. The companies aim to establish a binding agreement for toll-processing in 2023, reinforcing their commitment to sustainable practices and efficient resource management.

The Metals Company (TMC) announced a conference call scheduled for March 23, 2023, at 4:30 p.m. ET to discuss its fourth quarter financial results and recent corporate developments. Investors can register for audio-only dial-in or virtual webcast options. TMC focuses on sourcing lower-impact battery metals from seafloor polymetallic nodules, aiming to support the clean energy transition while minimizing environmental impacts. The company holds exploration rights for three areas in the Clarion-Clipperton Zone of the Pacific Ocean, under the supervision of the International Seabed Authority.

The Metals Company (Nasdaq: TMC) announced a conference call on March 23, 2023, at 4:30 p.m. ET to discuss their fourth quarter financial results and recent corporate developments. The call will provide insights into their strategies as an explorer of lower-impact battery metals from seafloor polymetallic nodules, supporting clean energy transitions. The event can be accessed via an audio-only dial-in or a virtual webcast, both of which require registration. The Metals Company operates under a dual mission to minimize environmental impact while supplying essential metals for sustainable energy.

The Metals Company (Nasdaq: TMC) has announced that Bechtel Australia Pty Ltd will compile techno-economic studies for its NORI-D Project, supporting its application for an exploitation contract with the International Seabed Authority. This application, anticipated for the second half of 2023, is based on data from the nodule collection tests completed in December 2022. The pilot collection system is expected to produce over one million wet tonnes of nodules. TMC aims to significantly increase battery metal supply, particularly nickel sulphate, to meet U.S. electric vehicle demands, with potential commercial operations outperforming 2021 production levels.

Low Carbon Royalties Inc. has completed two royalty transactions, marking its official launch. The company focuses on funding low-carbon energy solutions and transition metals for decarbonization. It acquired a 2.0% gross overriding royalty on future revenues from TMC's NORI project for US$5 million and a 35% equity stake in Low Carbon Royalties. This partnership aims to bolster TMC's cash balance and advance its projects without equity dilution. Low Carbon Royalties showcases a strong commitment to sustainable energy investments while being backed by significant Canadian asset management experience.

The Metals Company (NASDAQ: TMC) announced a strategic partnership with Low Carbon Royalties to enhance financing for low-carbon energy projects. Under a purchase agreement, TMC granted LCR a 2.0% gross overriding royalty on future revenues from its NORI project in exchange for a 35% equity stake in LCR and US$5 million cash. This partnership is expected to bolster TMC's cash reserves without diluting equity and provide ongoing funding for TMC’s projects. LCR's portfolio also includes a 1.6% royalty on a natural gas field, aligning with emissions reduction goals. The NORI project stands out as a key asset for driving energy transition metals production.

The Metals Company (TMC) has successfully concluded the first integrated nodule collection system trials in the Clarion Clipperton Zone, alongside an environmental impact monitoring campaign via its subsidiary, Nauru Ocean Resources Inc. This marks a significant milestone in their operations. TMC plans to showcase its advancements at various upcoming conferences in Q1 2023, including the NAATBatt Annual Meeting in Phoenix, and the PDAC Convention in Toronto. The company focuses on extracting battery metals with minimal environmental impact, facilitating the clean energy transition.