TMC (TMC) Earns Boost from Deep-Sea Mining Progress

Core Viewpoint - TMC the metals company Inc. is experiencing positive market performance due to progress in its request for deep-sea exploration in international waters, with a notable stock price increase of 4.24% to $7.62 per share [1]. Group 1: Company Developments - TMC's submission for deep-sea mining activities will be formally reviewed by the US government next month, despite criticisms from the International Seabed Authority regarding the company's Canadian origins [2]. - The company, through its US subsidiary, has expressed intentions to mine in international waters, leveraging the US's non-membership in the International Seabed Authority [3]. - TMC argues that the International Seabed Authority does not have exclusive regulatory authority over seabed mining, citing existing claims outside of the United Nations Convention on the Law of the Sea (UNCLOS) [4].