TMC the metals company (TMC) Jumps 30% as Firm Eyes Wider Exploration Area in CCZ

We recently published 10 Stocks With Effortless Double-, Triple-Digit Gains. TMC the metals company Inc. (NASDAQ:TMC) was one of the top performers last week.

TMC the metals company grew its share prices by 30.39 percent week-on-week as investors loaded portfolios following news that it sought another regulatory approval for its planned exploration of the Clarion Clipperton Zone’s (CCZ) international waters.

In a statement, TMC the metals company Inc. (NASDAQ:TMC) said that it submitted an application with the National Oceanic and Atmospheric Administration (NOAA) for the issuance of an exploration license and a commercial recovery permit for its planned exploration of a 65,000-square-kilometer area in the CCZ, markedly larger than the 25,000-km² coverage area applied for in April 2025.

Photo from a TMC the metals company news release

“This new application represents the culmination of more than a decade of disciplined scientific, engineering, and environmental work. It translates years of exploration, testing, and data collection into a single, comprehensive submission for a defined, expanded, and game-changing critical minerals project, with more than 800 million estimated tonnes of nodules containing high-grade nickel, copper, cobalt and manganese—representing a metal grade of approximately 3.2 percent for nickel equivalent and 7 percent copper equivalent,” said TMC the metals company Inc. (NASDAQ:TMC) Chairman and CEO Gerard Barron.

“We believe it demonstrates both the maturity of our project and our readiness to proceed to commercial operations under the US regulatory framework,” he added.

TMC the metals company Inc. (NASDAQ:TMC) is originally a Canadian company, which last year earned the ire of several members of the International Seabed Authority (ISA) for allegedly bypassing Canada, an ISA member, and the agency, with its submission to the US.

In its defense, the listed firm said that the submission was made through its US subsidiary.

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Disclosure: None. This article is originally published at Insider Monkey.