TMC

NEW YORK, July 20, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world's largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today welcomed the unanimous Orders of the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea (“ITLOS”) prescribing provisional measures to protect the rights of its subsidiaries, Nauru Ocean Resources Inc. (“NORI”) and Tonga Offshore Mining Limited (“TOML”), in their proceedings against the ISA.

TMC the metals company Inc. (TMC) Discusses Project Progress and Addresses Investor Questions in Special Call Transcript

The Metals Company is attempting to build a deep-sea underwater mining operation.  It is receiving strong government support, but achieving its audacious goal will not be easy.

TMC The Metals Company is a speculative, pre-revenue mining company. It does have some potential tailwinds.

The average of price targets set by Wall Street analysts indicates a potential upside of 63.5% in The Metals Company (TMC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

1% Royalty Acquisition on One of the United States' Only Large-Scale Sources of Merchant DR-Grade Iron Ore, Establishing Near-Term Royalty Cash Flow and a Dual-Asset Portfolio Foundation1% Royalty Acquisition on One of the United States' Only Large-Scale Sources of Merchant DR-Grade Iron Ore, Establishing Near-Term Royalty Cash Flow and a Dual-Asset Portfolio Foundation Closing Highlights: Mesabi Royalty acquisition closed - TMCR has completed the acquisition of a 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor on the Mesabi Metallics iron ore project in Nashwauk, Minnesota - one of the United States' only new, large-scale sources of merchant DR-grade iron ore pellets and a project that sits at the heart of the American green steel supply chain - for total consideration of $132.5 million, including $7.5 million share consideration issued by TMCR to the vendors. Option exercised to double royalty position to 2.0% for additional consideration - TMCR has exercised its option to acquire an additional 1.0% royalty interest in the Mesabi Project on the same economic terms as the initial acquisition, which, if completed prior to July 31, 2026, would double the Company's royalty to 2.0% of production and double anticipated annual royalty cash flow; the Company intends to seek funding to close the additional interest on or before July 31, 2026, subject to the terms and conditions of the royalty purchase agreement, as amended.

TMC the metals company Inc. (TMC) Shareholder/Analyst Call Prepared Remarks Transcript

Certification represents a key milestone in the regulatory approval process for TMC USA's exploration license application The Company's USA B application area covers ~122,000 km2 of seafloor containing an estimated 1.02 billion tonnes of polymetallic nodules with high grades of nickel, cobalt, copper and manganese, and several rare earth elements NOAA will now begin preparation of an Environmental Impact Statement (EIS) for TMC USA's planned exploration activities in the USA B area The certification follows NOAA's recent determination that TMC USA's consolidated application for an exploration license and a commercial recovery permit for the USA A area is in full compliance with the requirements of the Deep Seabed Hard Mineral Resources Act (DSHMRA) and its implementing regulations NEW YORK, May 28, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world's largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today announced that the USA B exploration license application submitted by its U.S. subsidiary, The Metals Company USA LLC (TMC USA), had been formally certified by the U.S. National Oceanic and Atmospheric Administration (NOAA). The USA B application area covers ~122,000 km2 of seafloor and hosts an estimated 1.02 billion tonnes of polymetallic nodules based upon TMC's Technical Report Summary for the Initial Assessment published in August 2025.

TMC the metals company Inc. is positioned for deep-sea mining of critical minerals essential for EVs and low-carbon energy. The company targets production capacity of 3.0 million wet tonnes of deepsea nodules annually, with key minerals including nickel, copper, manganese, and cobalt. TMC anticipates commissioning and installation in Q4 2027, following a deep seabed mineral exploration permit expected in Q1 2027.

Many investors may not be familiar with TMC the metals company NASDAQ: TMC. TMC is not a traditional miner, but it may play a key role in helping the United States achieve mineral independence.