The 15-minute chart for Minerals has exhibited two notable technical indicators. Firstly, the Relative Strength Index (RSI) has reached an oversold level, indicating that the stock price has declined rapidly and is now trading below its fundamental support levels. Secondly, the KDJ indicator has formed a Golden Cross, signifying a shift in momentum from a downtrend to an uptrend. This suggests that the stock price has the potential to increase further in the near future.
Title: U.S. Executive Order to Expedite Seabed Mineral Exploration and Recovery
In a significant move to bolster the domestic supply of critical minerals, the United States has signed an Executive Order aimed at expediting the permitting process and evaluation of seabed mineral resources. The order, entitled "Unleashing America’s Offshore Critical Minerals and Resources," directs various federal agencies to facilitate the exploration and commercial recovery of deep seabed minerals [1].
The Executive Order, signed by President Trump, tasks Commerce Secretary Gina Lutnick with implementing an expedited permitting process under the Deep Seabed Hard Mineral Resources Act (DSHMRA). Additionally, the Departments of Defense and Energy are instructed to assess the feasibility of using the National Defense Stockpile for nodule-derived minerals and entering into offtake agreements. Furthermore, the order directs a joint assessment on the feasibility of an international seabed benefit-sharing mechanism, led by the Secretaries of Commerce, State, Interior, and Energy [1].
The Metals Company Inc. (TMC), a leading explorer of critical metals, has welcomed this Executive Order. Through its U.S. subsidiary, The Metals Company USA LLC (TMC USA), the company is strategically positioned to play a central role in responsibly recovering polymetallic nodules to strengthen U.S. critical mineral supply chains. TMC USA has been evaluating U.S. locations for nodule processing since 2019 and is expected to file license and permit applications under DSHMRA in the second quarter of 2025 [1].
The Executive Order marks a return to U.S. leadership in deep seabed mining, with a stable, transparent, and enforceable regulatory pathway available under existing U.S. law. The U.S. seabed mining code offers an efficient and transparent pathway for permitting commercial recovery of deep-sea mineral resources, with proactive engagement between industry and regulators being a critical part of the process [1].
The U.S. Congress passed DSHMRA in 1980, affirming that deep-seabed mining is a Freedom of the High Seas and granting the National Oceanic and Atmospheric Administration (NOAA) authority to regulate exploration and commercial recovery activities of U.S. citizens in international waters. NOAA has adopted implementing regulations based on extensive stakeholder consultations and environmental impact assessments [1].
The Metals Company, through its subsidiaries, holds exploration rights to two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean, sponsored by the governments of the Republic of Nauru and the Kingdom of Tonga. The company has conducted over a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing [1].
References:
[1] https://www.globenewswire.com/news-release/2025/04/25/3068320/0/en/TMC-Welcomes-U-S-Executive-Order-to-Expedite-Permitting-and-Evaluate-Offtake-of-Critical-Minerals-from-Nodules-in-the-High-Seas.html
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