TMC Announces First-Ever Nodule Reserves and Releases $23.6B NPV Studies

TMC the metals company Inc. (NASDAQ:TMC) is among the  7 Best Manganese Stocks to Buy Right Now. TMC the metals company Inc. (NASDAQ:TMC) announced the findings of two new economic studies that value its polymetallic nodule projects at a total of $23.6 billion in net present value. According to the NORI-D Project’s Pre-Feasibility Study, the world’s first deep-sea mineral reserves contain 51 Mt of probable reserves, with an after-tax net present value (NPV) of $5.5 billion and an internal rate of return (IRR) of 27%. A steady-state production of 97 ktpa nickel, 2,389 ktpa manganese, 70 ktpa copper, and 7.4 ktpa cobalt is anticipated by TMC the metals company Inc. (NASDAQ:TMC) starting in 2031, with 43% EBITDA margins. Commercial production is scheduled for Q4 2027, subject to US approval.

According to an Initial Assessment, the remaining NORI and TOML resources have an NPV of $18.1 billion, an IRR of 36%, and an EBITDA margin of 57%. The reports follow TMC the metals company Inc. (NASDAQ:TMC) USA’s application for a US seabed recovery permit in April 2025, as well as a strategic investment from Korea Zinc, which shows the firm’s leadership in securing essential minerals for energy, defense, and infrastructure supply chains. It is ranked fifth on our list of the Best Manganese Stocks.

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