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Metals Company Shares Surge Amid Deep-Sea Mining Bid

1/25/2026

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Story summary
  • The Metals Company (TMC) shares rose 14% on January 23 and 13.5% the following day.
  • The Metals Company filed a consolidated application with the National Oceanic and Atmospheric Administration (NOAA) for deep-sea mining permits.
  • The filing covers about 65,000 square kilometers in the Pacific.
  • CEO Gerard Barron expects permits by end of 2026, despite environmental and legal challenges, as NOAA holds virtual hearings January 27-28.