
The Metals Company (NASDAQ:TMC) has released a pre-feasibility study (PFS) for its NORI-D project in the Clarion-Clipperton Zone. This study is the world’s first declaration of probable mineral reserves for polymetallic nodules in international waters.
“The PFS takes our NORI-D Project economics up the confidence curve and contains the declaration of mineral reserves — these are our first 50+ million tons with a potential commercially viable path to production, with more to follow as we advance our mine planning work,” said CEO Gerard Barron.