The Metals Company Inc. (TMC) has announced a significant development in its regulatory journey as it advances discussions with the National Oceanic and Atmospheric Administration (NOAA) regarding its commercial recovery permit application under U.S. law. This permit is crucial for TMC USA to secure a stable and low-impact supply of critical minerals, including nickel, cobalt, manganese, and copper, while bypassing the Chinese supply chain. The anticipated approval comes amid TMC's strategic partnership with Korea Zinc, which has become a key investor and partner, enhancing the United States' capacity for critical minerals processing. As TMC prepares to release a pre-feasibility study in the third quarter of 2025, the company is poised to strengthen its position in the critical minerals market, supported by a robust cash balance and strategic collaborations.
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