The Government of the Republic of Nauru and TMC the metals company Inc. have announced the signing of a revised Sponsorship Agreement with Nauru Ocean Resources Inc. (NORI). This updated agreement, which revises terms from a 2017 contract, ensures that Nauru will continue to receive financial benefits, training, and community programs. Furthermore, Nauru will gain continuity benefits upon the commencement of commercial production by NORI or another TMC subsidiary. The President of Nauru commended the agreement for securing benefits for Nauruans from future seafloor mineral resource development. Despite challenges, including delays by the International Seabed Authority in adopting necessary exploitation regulations, Nauru remains committed to participating in the energy transition through responsible deep-seabed mineral development. Gerard Barron, Chairman and CEO of TMC, praised Nauru's leadership and support in advancing the deep-seabed mineral industry.