5 Best Steel and Metal Stocks to Buy for Energy Infrastructure

2. TMC the metals company Inc. (NASDAQ:TMC)

Upside Potential: 65.64%

TMC the metals company Inc. (NASDAQ:TMC) reported first-quarter results on May 14, posting earnings per share of $(0.05), in line with analyst expectations. Alongside the earnings release, the company announced several milestones that advanced its commercial development plans. Management disclosed that the National Oceanic and Atmospheric Administration determined TMC USA A’s consolidated application is fully compliant, moving the project closer to a potential permit decision by the first quarter of 2027. The company also entered into a commercial agreement with Allseas to operate the first commercial polymetallic nodule collection system, with commissioning targeted for the fourth quarter of 2027. Chief Executive Officer Gerard Barron stated that the opening months of 2026 have been marked by accelerated execution across the organization.

Earlier, on April 16, TMC the metals company Inc. (NASDAQ:TMC) announced that its subsidiaries, Nauru Ocean Resources and Tonga Offshore Mining, submitted extensive exploration data to DeepData following nearly a decade of deep-sea research activities. The company noted that its database includes findings from 27 expeditions, pilot mining tests, biological observations, and hundreds of thousands of seafloor images. Management emphasized that the research supports and expands upon decades of prior scientific work, including studies conducted under NOAA’s Deep Ocean Mining Environmental Study program, helping establish one of the largest environmental datasets assembled for deep-sea mineral development.

TMC the metals company Inc. (NASDAQ:TMC) is a deep-sea minerals exploration company headquartered in Vancouver, Canada, and was founded in 2011. The company focuses on collecting and processing polymetallic nodules found on the seafloor, which contain nickel, cobalt, copper, and manganese. These metals are essential inputs for electric vehicle batteries, grid-scale energy storage systems, and other technologies supporting the global transition toward cleaner energy sources.