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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.