TMC the metals company Inc.
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The Metals Company is developing the world’s largest estimated resource of metals required for electric vehicles and low-carbon energy, focusing on polymetallic nodules that can provide essential battery metals with a low environmental footprint.
Investor website: https://metals.co/
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About
The Metals Company is developing the world’s largest estimated resource of metals required for electric vehicles and low-carbon energy, focusing on polymetallic nodules that can provide essential battery metals with a low environmental footprint.
Verified company data
- Cash position
- $28,390
- Shares outstanding
- 441,135,482
- Mineral resource
- The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The Company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.
- Projects
- ["TMC USA has submitted a consolidated application under DSHMRA for a commercial recovery permit and an exploration license over the USA A area, and for an additional exploration license over the USA B area. The ISA has also granted exploration contracts to Nauru Ocean Resources Inc. (NORI), sponsored by the Republic of Nauru, and to Tonga Offshore Mining Limited (TOML), sponsored by the Kingdom of Tonga. Through surveying with underwater drones and taking box core samples, we’re able to estimate the grade and abundances of minerals in our exploration areas in the CCZ. Two SEC-compliant technical resource reports, a world-first prefeasibility study for our first project and an initial assessment for the remainder of our resource, highlight an estimated 1.6 billion tonnes of polymetallic nodules on our exploration areas, with potential exploration upside of 300 million tonnes. The pre-feasibility study, a world-first for a polymetallic nodule project, also marked the first ever declaration of nodule reserves, demonstrating the economic viability of our first project."]
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