Shares of TMC The Metals Company (TMC) surged 11.46% in 24 hours, following a Wall Street Journal article that highlighted the vast potential of deep-sea mining and recent regulatory support from the Trump administration. The company, which specializes in exploring and developing deep-sea mining operations, saw its stock price climb as investors reacted to the promising outlook for the industry.

The surge in TMC's stock price can be attributed to several key factors. First, the Trump administration issued an executive order on April 24 to expedite the permitting process for deep-sea mining operations. This move signifies strong governmental support for the industry, potentially paving the way for faster development and commercialization of deep-sea mining projects. TMC was quick to capitalize on this opportunity, becoming the first company to apply for a permit just five days after the order was issued.

Adding to the excitement is a 2024 analysis by consulting firm Arthur D. Little, which estimated the global value of undersea metals at a staggering $20 trillion. This enormous potential market has caught the attention of investors, who see TMC as well-positioned to benefit from this untapped resource. The company's CEO, Gerard Barron, emphasized their readiness, stating, "We have invested over a half a billion dollars and more than a decade preparing for this moment." While TMC remains a speculative investment due to its pre-revenue status and ongoing capital requirements, the recent developments have significantly boosted investor confidence in the company's future prospects.