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TMC Secures $85M for Eco-Friendly Deep-Sea Mining

6/18/2025

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Summary

Story summary

TMC the Metals Company Inc. specializes in deep-sea mining for vital minerals like nickel and cobalt for clean energy.
The company holds rights to 225,000 square kilometers of Pacific seabed, prioritizing eco-friendly extraction methods.
A partnership with Korea Zinc raised $85.2 million, resulting in a 28.8% stock increase.
TMC's pilot collection of over 3,000 metric tons of nodules establishes its industry leadership.
The company seeks to transform the battery materials supply chain while tackling environmental and regulatory issues.

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Story summary

TMC the Metals Company Inc. specializes in deep-sea mining for vital minerals like nickel and cobalt for clean energy.
The company holds rights to 225,000 square kilometers of Pacific seabed, prioritizing eco-friendly extraction methods.
A partnership with Korea Zinc raised $85.2 million, resulting in a 28.8% stock increase.
TMC's pilot collection of over 3,000 metric tons of nodules establishes its industry leadership.
The company seeks to transform the battery materials supply chain while tackling environmental and regulatory issues.