TMC the metals company Inc. (Nasdaq: TMC) has announced a strategic investment deal with Korea Zinc, a global leader in non-ferrous metal refining and pCAM technology. Korea Zinc will invest approximately $85.2 million in TMC through the purchase of 19.6 million common shares at a price of $4.34 per share. Additionally, the investment includes a three-year warrant to purchase 6.9 million common shares at an exercise price of $7.00 per share. This deal will position Korea Zinc as one of TMC's largest strategic shareholders, owning about 5% of the company's outstanding common shares. The investment, approved by TMC's Board of Directors, is expected to close on June 26, 2025, subject to customary closing conditions. This partnership aims to advance the development of deep-seabed critical minerals in the U.S. and strengthen the supply chain for energy and infrastructure.