TMC pushes US seafloor mining hub amid widening losses

Mining03-27

Deep-sea mining hopeful The Metals Company (Nasdaq: TMC) reported on Friday a wider annual loss for 2025 s it advanced plans for a US-based polymetallic nodule processing hub and takes steps to ...

Source Link

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2622873694?lang=en_US&edition=fundamental","thumbnail":"https://www.mining.com/wp-content/uploads/2026/03/TMC.png","is_english":true,"pubTime":"2026-03-27 05:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622873694","market":"us","top_or_hot":-1,"title":"TMC pushes US seafloor mining hub amid widening losses","media":"Mining","content":"<div>\n<p>Deep-sea mining hopeful The Metals Company (Nasdaq: TMC) reported on Friday a wider annual loss for 2025 s it advanced plans for a US-based polymetallic nodule processing hub and takes steps to ...</p>\n\n<a href=\"https://www.mining.com/tmc-pushes-us-seafloor-mining-hub-amid-widening-losses/\">Source Link</a>\n\n</div>\n","source":"mining_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TMC pushes US seafloor mining hub amid widening losses</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTMC pushes US seafloor mining hub amid widening losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-27 05:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/tmc-pushes-us-seafloor-mining-hub-amid-widening-losses/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deep-sea mining hopeful The Metals Company (Nasdaq: TMC) reported on Friday a wider annual loss for 2025 s it advanced plans for a US-based polymetallic nodule processing hub and takes steps to ...</p>\n\n<a href=\"https://www.mining.com/tmc-pushes-us-seafloor-mining-hub-amid-widening-losses/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4563","symbol_name":"昨日强势股","start_time":0,"source_url":"https://www.mining.com/tmc-pushes-us-seafloor-mining-hub-amid-widening-losses/","article_id":"2622873694","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/03/TMC.png"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/tmc-pushes-us-seafloor-mining-hub-amid-widening-losses/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622873694","pubTimestamp":1774561800,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"It is also advancing a Texas processing plat, while securing permits and partnerships in evolving critical minerals race.","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4563":"昨日强势股","TMC":"The Metals Company","BK4168":"多种金属与采矿"},"translate_title":"TMC在亏损扩大的情况下推动美国海底采矿中心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMC":1.5},"content_text":"Deep-sea mining hopeful The Metals Company (Nasdaq: TMC) reported on Friday a wider annual loss for 2025 s it advanced plans for a US-based polymetallic nodule processing hub and takes steps to strengthen its regulatory position.\nTMC ended 2025 with $117.6 million in cash and a fourth-quarter net loss of $40.4 million, or $0.08 per share, compared with $16.1 million a year earlier, as higher share-based compensation and administrative costs weighed on results. \nFor the full year, net loss widened to $319.8 million, reflecting a $131 million increase in NORI royalty liability (tied to future revenue from its deep-sea mining project in the Pacific Ocean) and a $38 million non-recurring charge tied to revised sponsorship agreements.\n“In my time leading TMC, I’ve never felt better about our pathway to production because of our financial, strategic, and permitting position,” CEO Gerard Barron said, citing stronger policy support in the US, new partners and progress on feasibility work. He added the company expects to maintain solid liquidity, with about $154 million projected by the end of the first quarter of 2026.\n\nTrump streamlines permitting for deep-sea miners\n\nTMC is positioning itself to anchor a US-based processing industry, securing exclusive negotiations for a 1,466-acre site at the Port of Brownsville, Texas, where it aims to develop a 12-million-tonne-per-year processing and refining facility. The project remains contingent on US government support, while the company continues to assess a capital-light tolling option in Japan.\nThe strategy comes as the US and allies look to secure critical mineral supply chains and reduce reliance on foreign processing, particularly from China. A recent US-Japan agreement to accelerate commercially viable deep-sea mining, along with updated NOAA regulations to streamline permitting, could support TMC’s path to production.\nFull throttle\nOperationally, TMC marked a key regulatory milestone this month after the National Oceanic and Atmospheric Administration (NOAA) deemed its consolidated deep-seabed mining application in substantial compliance. The decision advanced the company’s sought-after permit to explore and extract minerals from the Pacific Ocean floor.\nThe application expands the potential mining area in the Clarion Clipperton Zone to about 65,000 km², with an estimated 619 million tonnes of wet nodules and additional upside.\nTMC is also partnering with Mariana Minerals, a software-based minerals project developer and operator, to advance feasibility work and integrate AI-driven process controls for its proposed Texas facility. The move reflects a push toward more capital-efficient, technology-enabled project development, the company said.\nLooking ahead, TMC expects its newly created unit, The Metals Royalty Co. to begin trading next month under the ticker TMCR, with TMC retaining roughly a 25% stake and options to repurchase a significant portion of associated royalties over time.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622873694","isCrawlerRequest":true}