From Yahoo Finance: 2025-06-17 10:30:00

The Metals Company secures $85.2m investment from Korea Zinc for deep-seabed mining in the US. Korea Zinc to acquire 19.6 million common shares and receive a three-year warrant for additional shares, holding 5% of TMC’s shares. Transaction set to close on 26 June 2025, pending customary conditions.

Korea Zinc evaluating bulk sample of nodule material from TMC USA for processing and refining. Interest in establishing processing, refining, and manufacturing capacity in the US. Chairman Yun B. Choi bullish on nickel and copper, excited for partnership with TMC to build reliable nickel supply chain in the US.

Strategic partnership with Korea Zinc aligns with US Government initiatives to enhance seabed mining. President Trump’s Executive Order expedites development. TMC submitted first-ever commercial recovery permit application to NOAA under Deep Seabed Hard Mineral Resources Act of 1980. Pre-feasibility study expected in Q3 2025.

Read more: TMC receives $85.2m investment from Korea Zinc to advance deep-seabed mining