TMC The Metals Company

TMC

Capitalización de mercado USD 1138 M

The Metals Company has appointed a new board member. There continue to be significant risks with an investment in The Metals Company.

Liam Mallon, former President of ExxonMobil Upstream Company, brings over 40 years of global energy and offshore operating experience, including leadership of ExxonMobil's worldwide upstream business Mallon oversaw $20–30 billion in annual capital deployment and major U.S. shale and offshore deepwater growth initiatives, including ExxonMobil's landmark Guyana development and $60 billion Pioneer Natural Resources acquisition His appointment strengthens TMC's Board at a pivotal stage as the Company prepares to launch the world's first commercial-scale deep seabed mineral operations to advance U.S. mineral independence NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC”, “The Metals Company” or the “Company”), a leading developer of the world's largest resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today announced Liam Mallon's appointment to its Board of Directors as it advances plans for commercial recovery of polymetallic nodules in international waters under the U.S. Deep Seabed Hard Mineral Resources Act of 1980 and its implementing regulations administered by the National Oceanic and Atmospheric Administration (“NOAA”).

TMC the metals NASDAQ: TMC is advancing a U.S. permitting process for commercial deep-sea nodule recovery while preparing offshore collection equipment and evaluating domestic processing options, Chief Financial Officer Craig Shesky said during a Water Tower Research conference session.

The Metals Company is uniquely positioned as the only firm advancing a US commercial permit for seafloor mining. TMC's investment thesis centers on its first-mover advantage in deep-sea mineral extraction, a critical differentiator in the sector. The company's progress on regulatory and permitting fronts underpins its strategic value and potential for outsized returns.

USA Rare Earth and TMC could help the U.S. achieve its goal of minimizing reliance on critical minerals from China. USA Rare Earth just completed a game-changing acquisition and is receiving a high level of support from the government.

Cameco is a global leader in the nuclear fuel cycle, benefiting from a resurgence in uranium demand. TMC the metals focuses on deep-sea mineral exploration to provide critical metals for the green energy transition.

The Metals Company reported Q2 2026 financial results in August. Stifel initiated coverage on The Metals Company stock.

The United States is taking measures to secure critical minerals and reduce dependence on Chinese sources. The Metals Company (TMC) is looking to deep-sea mining to secure critical minerals.

The specialty metals miner narrowed losses in the second quarter, but its cash pile is dwindling. TMC has fast-tracked its U.S. mining application and could see a decision in the upcoming months.

The Metals Company is a bet on a new industry. The opportunity comes with equally significant uncertainty.