The Metals Company targets $23.6 billion in seabed resources but faces regulatory and execution risks before late 2027 production.
The Metals Company (NASDAQ: TMC) estimates its Clarion Clipperton Zone seabed resources hold a net present value of $23.6 billion. The polymetallic nodules contain nickel, copper, cobalt, and manganese, critical for electric vehicles and renewable energy.
The company seeks NOAA approval under the 1980 Deep Seabed Hard Mineral Resources Act, bypassing unfinished U.N. commercial mining rules. It aims to secure permits before its late 2027 target for offshore system commissioning.
Regulatory and execution risks remain key challenges, though demand for critical metals supports long-term potential.