Headquartered in Vancouver, BC·Fiscal year ends December·NASDAQ: TMC·metals.co
About TMC
TMC the metals company Inc. (Nasdaq: TMC) is a pre-revenue developer of critical metals sourced from seafloor polymetallic nodules in the Clarion-Clipperton Zone of the Pacific Ocean. The company holds exploration contracts through its subsidiaries NORI (sponsored by Nauru) and TOML (sponsored by Tonga) under the International Seabed Authority framework, and is simultaneously pursuing U.S.-based exploration licenses and commercial recovery permits through its subsidiary TMC USA under the Deep Seabed Hard Mineral Resources Act (DSHMRA) administered by NOAA. The polymetallic nodules contain nickel, cobalt, copper, and manganese — metals essential for energy storage, defense, manufacturing, and infrastructure applications. TMC has partnered with Allseas, a global offshore engineering firm, to develop and operate the Hidden Gem commercial nodule collection system with a target nameplate capacity of 3.0 million wet tonnes per annum. Onshore, the company is advancing plans for a nodule processing and refining facility at the Port of Brownsville, Texas, through an agreement with Mariana Minerals. TMC holds a 22.4% equity stake in The Metals Royalty Co. (Nasdaq: TMCR). The company currently generates no revenue and is in the exploration and development stage, with production start contingent on regulatory approvals and U.S. government funding for onshore capital expenditures. Updated
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TMC the metals company Inc. (Nasdaq: TMC) is a pre-revenue developer of critical metals sourced from seafloor polymetallic nodules in the Clarion-Clipperton Zone of the Pacific Ocean.
What is the TMC stock price target?
The Wall Street consensus 12-month price target for TMC is $10.90.