TMC initiates U.S. seabed mining permit process under DSHMRA; expects Q2 2025 application

TMC the metals Co Inc.

Subsidiary TMC USA formally requests pre-application consultation with NOAA for exploration licenses and commercial recovery permits under 1980 Deep Seabed Hard Mineral Resources Act.
Company believes U.S. regulatory code offers greatest probability of timely commercial recovery permit, citing ISA's delay in adopting exploitation regulations.
Applications expected to be submitted to NOAA in Q2 2025; TMC has invested over $500M in nodule resource and environmental data.
Company has met with White House and Congressional officials; sees growing U.S. interest in deep-sea minerals for supply chain security.
TMC remains committed to following paths that best serve all stakeholders.

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