Episode Details

TMC, The Metals Company, is betting big on deep-sea mining—vacuuming up potato-sized ocean rocks rich in battery metals—but it’s still waiting for permits and facing serious environmental doubts. While the U.S. may speed up approvals, the long-term ocean impact remains uncertain, with studies showing biodiversity collapse after just five years of testing. Trading below $7, the stock’s high valuation for a cashless, unapproved operation makes it a risky play—perfect for thrill-seekers, not cautious investors.

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