Polymetallic Nodules Mining News

TMC the metals company Inc.
TMC the metals company Inc.
TMC
Polymetallic nodules
United States

TMC Provides Second Quarter 2026 Corporate Update

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.

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The Metals Company
The Metals Company
TMC
Polymetallic nodules
Clarion Clipperton Zone

NOAA Determines TMC USA’s Consolidated Deep-Seabed Mining Application is in Substantial Compliance

NOAA has determined that TMC USA's consolidated deep-seabed mining application is in substantial compliance, marking a major regulatory milestone. The consolidated application expands the commercial recovery area to approximately 65,000 km2 and covers an estimated resource of 619 million tonnes of wet nodules.

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