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TMC the metals company (TMC) Moves Closer to Deep-Sea Mining Approval

TMC the metals company Inc. (NASDAQ:TMC) is one of the popular penny stocks on Robinhood to buy. On March 9, TMC the metals company Inc. (NASDAQ:TMC) announced that the National Oceanic and Atmospheric Administration (NOAA) had determined that the consolidated deep-seabed mining application submitted by its US subsidiary, TMC USA LLC, is in substantial compliance with the requirements of the Deep Seabed Hard Mineral Resources Act. This means that the company is now closer to commencing to commercially mine polymetallic nodules in the Pacific Ocean.

TMC USA filed the consolidated application earlier this year, and it covers an approximately 65,000 square kilometer exploration and commercial recovery area in the Clarion Clipperton Zone, or CCZ. This is a stretch of the Pacific seafloor between Hawaii and Mexico. TMC USA’s initial commercial recovery permit application, filed in April 2025, only covered around 25,000 square kilometers. According to the press release, the expanded area contains an estimated 619 million tons of wet polymetallic nodules, and that there is potential for an additional 200 million tons from exploration upside.

The nodules on the seafloor contain critical metals including nickel, cobalt, copper, and manganese. These materials, said TMC, are central to battery production, defense systems, clean energy infrastructure, and advanced electronics. As such, the CCZ is now at the heart of the global critical minerals race, noted TMC.

TMC the metals company Inc. (NASDAQ:TMC) is a deep-sea minerals exploration company. It focuses on sourcing battery metals from polymetallic nodules found on the ocean floor. Its operations target critical resources such as nickel, cobalt, copper, and manganese.

While we acknowledge the risk and potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TMC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Robinhood Stocks with High Potential and 15 Best Forever Stocks to Buy Now.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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