TMC the metals company Inc. (NASDAQ:TMC) saw a 4.24% increase in stock price on Wednesday, closing at $7.62 per share as investors reacted positively to progress in its request for deep-sea exploration. The US government will review TMC’s submission for deep-sea mining activities next month, despite criticism from the International Seabed Authority due to the company being based in Canada. TMC defended its actions, stating that the ISA does not have exclusive control over regulating seabed mining. While TMC presents investment potential, some AI stocks are seen as having greater promise for returns.

Read more at Yahoo Finance: TMC (TMC) Earns Boost from Deep-Sea Mining Progress