# TMC Provides Second Quarter 2026 Corporate Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/tmc-provides-second-quarter-2026-corporate-update--5e925da4-9aeb-4d32-93ac-6569c25a0b27 Original source: https://www.globenewswire.com/news-release/2026/08/13/3344889/0/en/tmc-provides-second-quarter-2026-corporate-update.html Publisher: globenewswire Original announcement: 2026-08-13T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: TMC the metals company Inc. - Ticker: TMC - Exchange: Unavailable - Region: United States - Primary commodity: Polymetallic nodules - Secondary commodities: None reported - Document categories: Resource update, Permitting, Other - Extracted: 2026-09-12 02:40:24 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary TMC the metals company Inc. provided a corporate update for Q2 2026, reporting a net loss of $60.1 million. The company announced significant progress in its U.S. permitting applications with NOAA, including certification for its USA-B exploration license and full compliance for its USA-A application. Additionally, TMC detailed strategic partnerships for nodule collection and onshore processing, and noted a favorable ITLOS ruling and a five-year extension for NORI's exploration contract in the Clarion-Clipperton Zone. Reasoning: TMC reported a net loss for the quarter but highlighted significant progress in U.S. permitting processes, secured strategic partnerships for offshore and onshore developments, and received favorable international legal rulings, providing increased regulatory certainty for its deep-seabed polymetallic nodule projects. - Positive factor: permitting\_progress - Positive factor: strategic\_partnerships - Positive factor: legal\_clarity\_itlos - Positive factor: isa\_contract\_extension - Negative factor: net\_loss - Negative factor: permit\_delay\_usa\_a - Negative factor: onshore\_funding\_contingency Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Story-specific tag Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document refers to 'estimated' tonnes for both USA-A and USA-B areas, which implies an inferred resource category. Evidence · text > The USA-A application area covers approximately 65,000 km² of seafloor and contains an estimated 619 million tonnes of polymetallic nodules **Historical Estimate Only** Polarity: negative Story-specific tag Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The resource estimates for USA-A and USA-B are explicitly stated to be based on a 'Technical Report Summary for the Initial Assessment published in August 2025', making them historical restatements. Evidence · text > based on TMC’s Technical Report Summary for the Initial Assessment published in August 2025. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/tmc-provides-second-quarter-2026-corporate-update--5e925da4-9aeb-4d32-93ac-6569c25a0b27#fact-resource-facts-0) USA-A area · polymetallic nodules Historical result Needs review: historical\_restatement #### Identity - Project: USA-A area - Commodity: polymetallic nodules - Region: usa - Reported Region: United States - Ticker: TMC #### Resource scope - Estimate type: resource - Effective date: 2025-08-01T00:00:00.000Z - Resource group id: resource:2e038da3b1daa5f5e38f #### Resource Data - Category: inferred - Tonnes: 619000000 - Contained Metal: 619 - Contained Unit: mt #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-08-01T00:00:00.000Z #### Dates - Event date: 2026-08-13T00:00:00.000Z Reasoning: The USA-A area has an estimated 619 million tonnes of polymetallic nodules, but this is an inferred, historical estimate from August 2025, indicating early-stage assessment. - Positive factor: large\_tonnage - Negative factor: inferred\_resource - Negative factor: historical\_estimate Evidence · text > The USA-A application area covers approximately 65,000 km² of seafloor and contains an estimated 619 million tonnes of polymetallic nodules, with potential upside of approximately 200 million additional tonnes; the USA-B application area covers approximately 122,000 km² of seafloor and hosts an estimated 1.02 billion tonnes of polymetallic nodules based on TMC’s Technical Report Summary for the Initial Assessment published in August 2025. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/tmc-provides-second-quarter-2026-corporate-update--5e925da4-9aeb-4d32-93ac-6569c25a0b27#fact-resource-facts-1) USA-B area · polymetallic nodules Historical result Needs review: historical\_restatement #### Identity - Project: USA-B area - Commodity: polymetallic nodules - Region: usa - Reported Region: United States - Ticker: TMC #### Resource scope - Estimate type: resource - Effective date: 2025-08-01T00:00:00.000Z - Resource group id: resource:1d0061e371b93a307da6 #### Resource Data - Category: inferred - Tonnes: 1020000000 - Contained Metal: 619 - Contained Unit: mt #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-08-01T00:00:00.000Z #### Dates - Event date: 2026-08-13T00:00:00.000Z Reasoning: The USA-B area has an estimated 1.02 billion tonnes of polymetallic nodules, but this is an inferred, historical estimate from August 2025, indicating early-stage assessment. - Positive factor: very\_large\_tonnage - Negative factor: inferred\_resource - Negative factor: historical\_estimate Evidence · text > The USA-A application area covers approximately 65,000 km² of seafloor and contains an estimated 619 million tonnes of polymetallic nodules, with potential upside of approximately 200 million additional tonnes; the USA-B application area covers approximately 122,000 km² of seafloor and hosts an estimated 1.02 billion tonnes of polymetallic nodules based on TMC’s Technical Report Summary for the Initial Assessment published in August 2025. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.