The Metals Company is building a business around mining the ocean floor. The first thing the company presented to investors in its third-quarter 2025 business update was its liquidity.
The Metals Company aims to capitalize on resource-rich polymetallic nodules located on the Pacific Ocean floor. Under President Donald Trump, regulatory changes have been implemented, including an executive order aimed at expediting the permitting process for deep-sea mineral extraction.
The Metals Company didn't report any news today. The United States is looking to form alliances with other nations to secure a supply of critical minerals for AI applications.
TNC The Metals Company is sitting on an extremely valuable reserve of polymetallic rocks. The only thing holding it back is obtaining a license to start extracting these rocks from the deep sea.
Currently priced at $5.42, TMC The Metals Company (NASDAQ: TMC) is trading for less than half of its 52-week high of $11.35, highlighting the volatility of this stock's narrative — and how tenuous that narrative can be.
The Metals Company is a deep-sea mining startup that aims to extract polymetallic nodules from the Pacific Ocean. It doesn't have regulatory approval to mine nodules commercially, but a short-cut from the White House may help it get a commercial license.
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