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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 [...]

Congressional Leaders Urge President Biden and the Department of Defense to Consider Polymetallic Nodules for U.S. Critical Mineral Supplies and National Security

NEW YORK, July 31 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed a letter from Congressional leaders and several members of the House Armed Services Committee urging the Biden Administration to assess domestic processing [...]

The Metals Company Comments on ISA Council Decision and Intention to Deliver Final Rules, Regulations and Procedures for Exploitation

NEW YORK, July 24 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today applauded the International Seabed Authority (ISA) Council’s consensus decision agreeing a roadmap towards adopting final rules, regulations, and procedures (RRPs, also known as the Mining [...]

Biodiversity Data from NORI-D Exploration Area Now Available on UNESCO’s Ocean Biodiversity Information System, Increases Biodiversity Records for the Clarion-Clipperton Zone by About 150%

NEW YORK, July 3 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today announced that data submitted by its subsidiary NORI to the International Seabed Authority’s ‘DeepData’ platform in March 2023 has now been made available [...]

US Congress Directs Pentagon to Assess Domestic Processing of Polymetallic Nodules Under National Defense Authorization Act

The report [see p.59] noted that “to counter China’s growing hold on the global supply chain, it is essential that the United States secures its own innovative supply of critical and strategic minerals and materials, including polymetallic nodules, to decrease reliance on sources from foreign adversaries.” The House Armed Services Committee directed the Assistant Secretary of Defense [...]

The Metals Company Announces First Quarter 2023 Corporate Update Conference Call for Thursday, May 11, 2023

NEW YORK, May 2 (Korea Bizwire) — The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, May 11, 2023, to provide an update on first quarter financial results and recent corporate developments. First Quarter [...]

The Metals Company Announces Conference and Event Schedule for Q1 2023

NEW YORK, Jan. 26 (Korea Bizwire) — Following the successful conclusion of the first integrated nodule collection system trials in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s and of the environmental impact monitoring campaign conducted by its subsidiary, Nauru Ocean Resources Inc (NORI)., The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of [...]