other material
confidence high
sentiment positive
materiality 0.75
TMC USA files for commercial recovery permit and exploration licenses under U.S. seabed mining code
TMC the metals Co Inc.
- Applications submitted to NOAA pursuant to Deep Seabed Hard Mineral Resources Act following April 2025 Executive Order.
- Commercial recovery permit area (TMC USA-A_2) covers 25,160 km² in Clarion-Clipperton Zone with indicated and measured resources.
- Exploration license applications (TMC USA-A and USA-B) total 199,895 km² with SK-1300 resources of 1,635M wet tonnes of nodules.
- Estimated contained metals: 15.5M tonnes nickel, 12.8M tonnes copper, 2.0M tonnes cobalt, 345M tonnes manganese.
- NOAA to determine application compliance within 30-60 days, then proceed with full environmental and technical review.