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TMC’s Deep-Sea Mining Permit Race | Business and Finance News

TMC’s Deep-Sea Mining Permit Race | Business and Finance News

Published 17 hours ago
Description

TMC, The Metals Company, is racing to secure permits for deep-sea mining in the Pacific’s Clarion-Clipperton Zone, targeting $23 billion in value from 619 million tonnes of polymetallic nodules—decisions expected by Q1 2027. Backed by U.S. geopolitical urgency to secure critical minerals, the company’s valuation hinges on regulatory approval, but faces stiff opposition from 40+ nations demanding environmental pause and legal risks that could derail the project. Investors are watching closely as this high-stakes, high-reward play unfolds.

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