TMC stock surges 51% after South Korean firm buys stake, secures fresh funds

From Yahoo Finance: 2025-06-22 14:55:00

TMC (TMC) saw a 51% increase in value after securing $85.2 million in fresh funds and forming a strategic agreement with Korea Zinc. The South Korean company will acquire 19.6 million TMC common shares at $4.34 each, with an option to purchase an additional 6.9 million shares at $7 per share. Korea Zinc will become one of TMC’s largest shareholders, owning approximately 5% of the company. The transaction is set to close on June 26, 2025. Korea Zinc is currently evaluating nodule material supplied by TMC USA for refining pathways. While TMC shows potential, AI stocks may offer greater returns with less risk.



Read more at Yahoo Finance: TMC (TMC) Jumps 51% W/W as South Korean Firm Acquires Significant Stake