TMC the metals company Inc. (TMC) Soars 13.5% as Firm Seeks New Approval for Deep-Sea Mining

Group 1 - TMC the metals company Inc. (NASDAQ:TMC) experienced a significant stock increase of 13.46%, closing at $9.44, following its application for exploration approval in the Clarion Clipperton Zone (CCZ) [1][2] - The company aims to secure an exploration license and a commercial recovery permit for polymetallic nodules, covering an area of approximately 65,000 square kilometers, which is an expansion from a previous application of 25,000 square kilometers in April 2025 [2] - TMC's Chairman and CEO, Gerard Barron, highlighted that the new application is the result of over a decade of scientific and engineering work, estimating over 800 million tonnes of nodules containing high-grade nickel, copper, cobalt, and manganese, with metal grades of approximately 3.2% nickel equivalent and 7% copper equivalent [3][4]