TMC Stock Recent News

TMC the metals company Inc. (NASDAQ:TMC ) Q2 2023 Results Earnings Conference Call August 15, 2023 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerard Barron - Chairman and Chief Executive Officer Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm McDonald - Bank of America Securities Frank Jones - Norbury Partners Operator Good day. And welcome to The Metals Company Second Quarter 2023 Corporate Update Conference Call.

The Metals Company published Q2 results and announced a direct stock offering this morning. Some of the company's biggest backers are purchasing shares at prices well above current market levels.

The Metals Company announced it will submit an application for mining the deep sea in international waters in 2024, but debate over regulations are ongoing.

The company expects to submit a deep-sea mining application in July 2024. Mining operations may start in Q4 2025.

Penny stocks in the technology and biotech sectors have seen limited price movement in 2023 due to rate hikes and funding issues. However, with cooling inflation and potential interest rate cuts, these penny stocks could offer significant upside potential.

(Kitco News) - On Friday the International Seabed Authority (ISA) ended its meeting with no deep-sea mining code agreed or adopted.

The Metals Company seeks to mine the seafloor for metals needed for EV batteries. The company has access to a robust resource with ample amounts of nickel, copper, cobalt, and manganese.

Shares of The Metals Compare have been racing higher recently. ThinkEquity assigned a $6 price target on Monday.

Several members of Parliament have written a letter to the prime minister, raising concerns about deep sea mining. The Metals Company aims to produce battery metals from mineral formations found on the seafloor.

(Kitco News) - Gerard Barron, chairman and CEO of The Metals Company, said six months of trials were a "success on all fronts." Barron spoke to Kitco Mining on Monday.