TMC the metals soars 10.59% on regulatory push

On March 28, 2025, TMC the metals rose 10.59% in pre-market trading, signaling a strong start to the day for the company.

TMC the metals company (TMC) has made significant strides in its regulatory efforts, announcing plans to submit applications to the National Oceanic and Atmospheric Administration (NOAA) for deep-sea mining exploration licenses and commercial recovery permits in the second quarter of 2025. This move is part of the company's strategic pivot to a U.S.-based regulatory pathway under the Deep Seabed Hard Mineral Resources Act (DSHMRA), aimed at expediting production.

TMC's efforts to secure these permits have been met with both anticipation and controversy. The company's bid to become the first to gain approval for deep-sea mineral development has sparked debate, highlighting the complex regulatory landscape and environmental concerns surrounding deep-sea mining.

Despite the challenges, TMC has reported a significant reduction in net loss and is actively exploring new regulatory avenues for commercial production. The company's subsidiaries hold two polymetallic nodule exploration contracts in the Clarion Clipperton Zone of the Pacific Ocean, granted by the International Seabed Authority, further solidifying its position in the deep-sea mining sector.