TMC · The Metals Royalty Company Inc.

TMC the metals Company Inc. announced a significant regulatory advancement on May 1, 2026, revealing that the National Oceanic and Atmospheric Administration (NOAA) has determined that the consolidated application submitted by its subsidiary, The Metals Company USA LLC, is in full compliance with the Deep Seabed Hard Mineral Resources Act. This determination marks a critical step in the U.S. regulatory approval process for deep-seabed mining. The application, the first of its kind under NOAA's new consolidated review process, covers an expansive ~65,000 km² area in the Clarion Clipperton Zone, significantly larger than the ~25,000 km² area in the initial April 2025 application. The project targets an estimated resource of 619 million tonnes of wet polymetallic nodules. With the application now moving into the certification stage, the Company anticipates a draft Environmental Impact Statement (EIS) to be published for public comment, followed by a final determination on the license and permit expected before the end of Q1 2027. This milestone supports the Company's strategy to secure permits for commercial recovery of critical metals.