Shares of The Metals Company (TMC) continued their upward trajectory in pre-market trading on Wednesday, soaring 6.64% following an impressive 8.12% gain on Tuesday. This sustained rally reflects growing investor confidence in the deep-sea mining sector and TMC's strong market position.

The company's recent financial disclosures have bolstered investor sentiment. TMC reported a robust liquidity position of $165 million, including $121 million in cash after warrant exercises and unused credit lines. CEO Gerard Barron's assertion that the company has "no need to come to the public markets anytime soon" has further reassured investors about TMC's financial stability.

Adding to the bullish outlook, the U.S. Department of the Interior and U.S. Geological Survey recently added copper to the nation's Critical Minerals List. This development is particularly significant for TMC, as copper accounts for 17% of its anticipated life-of-mine revenue according to the company's Pre-Feasibility Study. The critical status now applies to all four metals contained in TMC's polymetallic nodules, underscoring the strategic importance of the company's deep-sea mining projects.

The ongoing rally is also fueled by TMC's promising economic studies published in August, which indicated a $23.6 billion project value and declared 51 million tonnes of probable mineral reserves. As demand for battery metals and materials crucial for green technologies continues to grow, investors appear to be positioning themselves for potential opportunities in the deep-sea mining sector, with TMC at the forefront of this emerging industry.