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TMC and SGS Produce World-First Cobalt Sulfate from Deep-Seafloor Polymetallic Nodules

As part of TMC’s pilot-scale nodule processing, SGS and TMC produced the world’s first cobalt sulfate from deep-seafloor polymetallic nodules, continuing to indicate TMC’s resource is suitable for battery and energy transition markets The cobalt sulfate was produced in a testing program conducted in collaboration with SGS applying TMC’s efficient flowsheet design that processes high-grade nickel-copper-cobalt [...]

The Metals Company Welcomes Prominent Sustainability Strategist Brendan May to its Board of Directors

Mr. May is chairman and founder of Robertsbridge, a leading global sustainability consultancy he formed in 2010. He has spent more than 25 years in the sustainability space, initially working on oceans sustainability as CEO of the Marine Stewardship Council (MSC) and more recently on deforestation as European Chairman of the Rainforest Alliance He joins [...]

TMC Subsidiary Submits Its Largest Deep-Sea Environmental Data Set Yet to International Seabed Authority

TMC’s subsidiary, NORI, has submitted comprehensive data to the International Seabed Authority, detailing findings from environmental baseline campaigns from the NORI-D exploration area up to January 2022. The data encompasses 32,617 benthic and 42,036 pelagic biological occurrences, over 12,000 seafloor images, and extensive time-series data from three years of monitoring via oceanographic moorings. NORI’s latest [...]

Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC’s Board of Directors as Vice Chairman and Special Advisor to the CEO

Mr. Jurvetson is a legendary investor focused on founder-led, mission-driven companies at the cutting edge of disruptive technology and new industry formation. His investments include pioneering technology companies like Tesla, Planet Labs, SpaceX and Commonwealth Fusion Systems, and represent over $800 billion in aggregate value creation He joins TMC’s Board to help the company transition [...]

TMC Applauds ~350 Former U.S. Political and Military Leaders Urging Senate to Ratify Law of the Sea for Deep-Sea Mine Sites “Each Containing a Trillion Dollars in Value”

An influential group of former U.S. government officials and military officers — including former Secretary of State Hillary Clinton and former Secretary of Defense Leon Panetta — urged Senators to ratify the Law of the Sea Treaty (UNCLOS), so “The United States can take its seat on the Council of the International Seabed Authority”, and [...]

TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources

The Responsible Use of Seafloor Resources Act (RUSRA) calls for U.S. support for ‘responsible polymetallic nodule collection’ and the use of federal funding to establish domestic infrastructure to refine nodules into critical minerals for the energy transition and national defense. The legislation comes as American and allied auto and battery makers struggle to secure supplies [...]

TMC Subsidiary NORI Completes Key Offshore Research Campaign, Evaluating Seafloor Ecosystem Function a Year Post Nodule Collection Test

Researchers with Nauru Ocean Resources Inc. (NORI) successfully gathered further environmental data on ecosystem recovery and functioning as part of its Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations. Despite illegal disruptions from Greenpeace International aimed at hindering the collection of environmental data, researchers were able [...]

TMC and Kongsberg Digital Announce Next Phase of Agreement to Bring AI and Hybrid Machine Learning to Future Deep-sea Nodule Collection Operations

The renewed agreement will see the parties further develop their Digital Twin which will integrate multiple data streams from TMC’s future production system and will enable 3D visualization of its deep-sea operating environment, providing ‘eyes and ears’ to the regulator and stakeholders In 2022, TMC took delivery of a prototype of the Digital Twin which [...]

The Metals Company Announces ~US$27 Million Registered Direct Offering at $2.00 Per Share Plus Class A Warrants

NEW YORK, Aug. 14 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it has entered into a securities purchase agreement with certain investors for the purchase of 13,461,540 common shares of the Company (the “Shares”), without [...]

TMC Announces Corporate Update on Expected Timeline, Application Costs and Production Capacity Following Part II of the 28th Session of the International Seabed Authority

NEW YORK, Aug. 1 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update on expected development timeline, production capacity and application costs for its NORI-D Nodule Project following the recent International Seabed Authority (ISA) Council [...]