The Metals Company (TMC) has been exploring nickel-rich nodule deposits on the deep seabed of the western Pacific. We estimate TMC’s total estimated nickel resources of 16.1Mt could provide the critical battery metals for c 230 million cars. The key catalyst for TMC will be the award of a licence for its 3.8Mt NORI-D project, contingent upon adoption of exploitation legislation for the deep sea. Additional financing and the US Inflation Reduction Act (IRA) are positives for TMC and the sector.
16 Aug 2022
The Metals Company - Two more positive steps
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
The Metals Company - Two more positive steps
TMC the metals company Inc. (TMC:NAS) | 0 0 0.0%
- Published:
16 Aug 2022 -
Author:
David Larkam -
Pages:
2
The Metals Company (TMC) has been exploring nickel-rich nodule deposits on the deep seabed of the western Pacific. We estimate TMC’s total estimated nickel resources of 16.1Mt could provide the critical battery metals for c 230 million cars. The key catalyst for TMC will be the award of a licence for its 3.8Mt NORI-D project, contingent upon adoption of exploitation legislation for the deep sea. Additional financing and the US Inflation Reduction Act (IRA) are positives for TMC and the sector.