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Benzinga
Benzinga
Business
Stjepan Kalinic

TMC Targets $23 Billion Sea Floor Wealth As ISA Oversight Looms

Oil,Production,Rig,In,The,Sea,,Landscape.,Red,Sea,,Egypt,

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.

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