TMC the metals company Inc. (TMC) Soars 13.5% as Firm Seeks New Approval for Deep-Sea Mining

We recently published 10 Stocks Delivering Double-Digit Gains Effortlessly; 4 Hit Highs. TMC the metals company Inc. (NASDAQ:TMC) was one of the best performers on Friday.

TMC the metals company rallied for a third straight day on Friday, surging 13.46 percent to close at $9.44 apiece following news that it sought the approval of the National Oceanic and Atmospheric Administration (NOAA) for its planned exploration in the international waters of the Clarion Clipperton Zone (CCZ).

In a statement, TMC the metals company Inc. (NASDAQ:TMC) said that the submission was aimed at securing an exploration license and a commercial recovery permit for polymetallic nodules, which would cover around 65,000-square kilometers of area in the CCZ, versus a 25,000-km² of recovery permit application in April 2025.

“This new application represents the culmination of more than a decade of disciplined scientific, engineering, and environmental work. It translates years of exploration, testing, and data collection into a single, comprehensive submission for a defined, expanded, and game-changing critical minerals project, with more than 800 million estimated tonnes of nodules containing high-grade nickel, copper, cobalt and manganese—representing a metal grade of approximately 3.2% for nickel equivalent and 7% copper equivalent,” said TMC the metals company Inc. (NASDAQ:TMC) Chairman and CEO Gerard Barron.

“We believe it demonstrates both the maturity of our project and our readiness to proceed to commercial operations under the U.S. regulatory framework,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.