TMC USA files first consolidated deep-seabed mining application with NOAA, expands area to 65,000 km²

TMC the metals Co Inc.

• Application covers ~65,000 km² (up from ~25,000 km²) in the Clarion Clipperton Zone with 619 Mt wet nodules resource plus 200 Mt upside.
• First consolidated exploration license and commercial recovery permit submitted under NOAA's new rule, expected to reduce permitting timelines.
• Supported by peer-reviewed research showing biodiversity and plume impacts confined to directly mined area from test mining data.
• Outlines phased development: commercial recovery in extensively characterized areas after 3,000-tonne nodule collection and processing tests.
• Estimated metal grades: ~3.2% nickel equivalent and ~7% copper equivalent from nodules.