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.
TMC the metals company Inc. (Nasdaq: TMC) generates frequent news as it advances deep-sea polymetallic nodule projects and related regulatory, technical and financing milestones. The company describes itself as a developer and explorer of lower-impact critical metals from seafloor nodules, with a focus on supplying nickel, copper, cobalt and manganese for energy, defense, manufacturing and infrastructure.
News about TMC often covers quarterly corporate updates, where the company reports operating losses typical of an exploration-stage business, cash balances, exploration and evaluation spending, and general and administrative expenses. These updates also summarize progress on environmental studies, technical trials and regulatory processes, including applications under the U.S. Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA) and interactions with agencies such as NOAA.
Another major category of TMC news relates to technical and economic studies. The company has announced a Pre-Feasibility Study for its NORI-D Project and an Initial Assessment for additional NORI and TOML areas, both prepared under SEC Regulation S-K Subpart 1300. Press releases detail resource estimates, projected production profiles, cost assumptions and valuation metrics, as well as the involvement of independent Qualified Persons.
Investors following TMC’s news can also expect announcements on sponsorship agreements with the governments of Nauru and Tonga, strategic investments such as the equity placement with Korea Zinc, board appointments, and processing milestones with partners like PAMCO. Industry and policy developments, including executive orders and proposed regulatory changes affecting seabed minerals, feature prominently in the company’s communications.
This news page aggregates these items so readers can track TMC’s exploration progress, regulatory pathway, financing events and technical milestones in one place.
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TMC the metals company (Nasdaq: TMC) has announced through its subsidiary NORI the submission of over 270,000 benthic biological occurrences to the International Seabed Authority's DeepData catalogue. This data comes from 17 offshore environmental campaigns conducted over the last decade, forming part of a comprehensive dataset aimed at supporting TMC's Environmental Impact Statement for the NORI-D Nodule Project. The dataset is expected to enhance understanding of biodiversity and support informed decision-making regarding nodule collection operations. Additional data is to be shared in the coming months, with numerous papers expected to be published from this research.
TMC the metals company Inc. (Nasdaq: TMC) provided its Q4 and FY 2022 corporate update, reporting a net loss of $109.6 million for Q4 and $171 million for the year. Loss per share was $0.41 for Q4 and $0.71 for FY 2022. Despite these losses, TMC highlighted successful trials of its nodule collection technology and significant progress in its NORI-D Project, including the collection of over 3,000 tonnes of nodules. TMC secured a $25 million credit facility and entered an MoU with PAMCO for processing nodules. The company holds approximately $46.8 million in cash, indicating sufficient liquidity for operations in the next year.
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.
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