TMC the metals company (TMC) Investor presentation summary

Strategic positioning and regulatory progress

• Holds two of the world's largest undeveloped nickel projects, with over 1.6 billion tonnes of polymetallic nodules containing nickel, copper, cobalt, and manganese in the Clarion-Clipperton Zone.

• Achieved key milestones: resource statements, pilot-scale processing, and the first integrated nodule collection test since the 1970s.

• Filed the world's first commercial recovery permit and two exploration license applications under the U.S. Deep Seabed Hard Mineral Resources Act (DSHMRA) in April 2025.

• U.S. regulatory path clarified by recent executive order, with expedited permitting and interagency support.

• U.S. law enables deep-sea mining without UNCLOS membership, with compliance confirmed by NOAA and other agencies.

Market opportunity and geopolitical context

• Nodules offer high grades of critical metals essential for energy, defense, and manufacturing, with minimal environmental and community impact.

• U.S. access to a billion tonnes of nodules could supply decades of domestic demand for nickel, manganese, cobalt, and copper.

• China is aggressively expanding its deep-sea mining footprint, prompting U.S. and allied action to secure supply chains.

• Major economies, including India, Japan, Norway, and South Korea, are advancing seafloor resource initiatives, expanding the addressable market.

Environmental and technical advancements

• Completed pilot collection and environmental impact monitoring, collecting over 3,000 wet tonnes of nodules in 2022.

• Environmental studies show localized and limited seafloor plume impact, low risk to marine life, and rapid habitat recovery.

• Lifecycle assessments indicate nodule-derived nickel has dramatically lower CO₂ emissions and waste compared to land-based sources.

• Over 100 studies and a petabyte of environmental data underpin the Environmental Impact Statement.