TMC the Metals: Policy Support and Capital Boost for Deep Sea Mining Projects

TMC the Metals is poised to benefit from the US government's Project Vault initiative to build a strategic reserve of rare earth elements. The company's deep sea mining projects make it a potential supplier to the program, with new government support and capital from industry partners accelerating its path to commercial production. The stock has delivered a 254.1% return over the past year but has seen a recent decline. The key question is how Project Vault and related funding streams will turn into tangible progress toward large-scale production and long-term offtake arrangements.