Key information

🔎 Fund Overview

TMC the metals company Inc. is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor of the Clarion Clipperton Zone of the Pacific Ocean (CCZ). The CCZ is a zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of approximately 4,500 miles. The Company operates only one segment, which is engaged in exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules. These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as feedstock for battery cathode precursors (nickel and cobalt sulfates) for electric vehicles (EV), nickel-copper-cobalt matte and/or copper cathode for EV wiring, clean energy transmission, and other applications and manganese silicate for manganese alloy production require for steel production.