TMC The Metals Company, a deep-sea minerals exploration company, has caught the attention of investors with a 576% surge this year. The company aims to mine ocean-floor rocks rich in critical metals like nickel, cobalt, and copper — essential for U.S. manufacturing, clean energy, and defense. However, TMC faces risks due to lack of revenue and mining permits. Deep-sea mining could disrupt ecosystems, but TMC argues it’s a more environmentally friendly option. The company’s future success hinges on regulatory approvals and commercial viability. Investors should approach TMC as a speculative investment with potential for high rewards but significant risks.
Read more at Yahoo Finance: Should You Buy This EV Metals Stock That’s Up 576% This Year?