regulatory
confidence high
sentiment positive
materiality 0.65
NOAA finds TMC's consolidated deep-sea mining application in substantial compliance
TMC the metals Co Inc.
- Application covers ~65,000 km² in Clarion Clipperton Zone, up from ~25,000 km² in April 2025.
- Estimated resource of 619 million tonnes wet nodules; potential exploration upside of 200 Mt.
- First consolidated application under NOAA's new streamlined review process for exploration licenses and commercial recovery permits.
- Public comment periods for TMC USA's exploration license applications are now completed.
- Chairman and CEO Gerard Barron called the determination a reflection of a decade of research and offshore trials.
item 7.01item 9.01