TMC Metals Soar 10.66% on Korea Zinc Investment

On June 18, 2025, TMC the metals surged by 10.66% in pre-market trading, marking a significant rise in its stock price.

TMC the metals company Inc. has recently secured a strategic investment of $85.2 million from Korea Zinc. This investment includes the acquisition of 19.6 million common shares at $4.34 each, granting Korea Zinc a 5% stake in the company. This move is seen as a key step in securing a resilient US supply of critical minerals, reflecting the growing interest in TMC's potential in the metals market.

Analysts have set a one-year price target for TMC at $7.02, with a high estimate of $12.00 and a low estimate of $5.50. This indicates a substantial upside potential of 35% from the current trading price. The investment community's sentiment towards TMC is positive, with an average brokerage recommendation of "Outperform."

Korea Zinc's investment in TMC is part of a broader strategy to counter the weaponization of resources by different countries. This investment is expected to add substantial capital and validation to TMC's technology and projects, further boosting its market position.