TMC The Metals Company
Price Chart
Executive Summary
TMC signed a contract with Allseas to develop and operate the first commercial nodule collection system in the Clarion Clipperton Zone. The system targets 3.0 million wet tonnes per annum capacity, with commissioning expected in Q4 2027. Allseas will fund a significant portion of development costs, aligning interests for commercial production.
Actionable Insight
Monitor regulatory progress with NOAA and ISA, and watch for subcontract awards expected by Q3 2026. Successful commissioning by Q4 2027 would de-risk the project and potentially unlock significant value.
Key Facts
- Nameplate production capacity of 3.0 million wet tonnes per annum
- System commissioning expected in Q4 2027
- Subcontract awards expected by end of Q3 2026
- Allseas will fund a significant portion of development costs, recoverable through production revenues
- Allseas completed conceptual and basic engineering for key long-lead components
Financial Impact
Allseas funding significant portion of development costs; no specific dollar amounts disclosed
Risk Factors
- Regulatory delays or denial of commercial recovery permits
- Technical challenges in scaling from pilot to commercial operations
- Financing risk for TMC's share of development costs
- Reliance on Allseas performance and partnership
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3291911 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 14, 2026
29d ago
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Press Release
| $5.42 $5.40 | ▼ −0.37% | ▼ −1.33% | $5.43 (+0.18%) |
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May 11, 2026
4w ago
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Press Release
| $5.91 $5.16 | ▼ −12.69% | ▼ −12.61% | $5.43 (−8.12%) |
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May 7, 2026
5w ago
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Press Release
| $5.70 $5.64 | ▼ −1.05% | ▼ −2.56% | $5.43 (−4.74%) |
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Mar 27, 2026
11w ago
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Press Release
| $4.27 $4.59 | ▲ +7.49% | ▲ +3.63% | $5.43 (+27.17%) |
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Mar 20, 2026
12w ago
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Press Release
| $5.03 $4.27 | ▼ −15.11% | ▼ −12.96% | $5.43 (+7.95%) |
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Mar 9, 2026
13w ago
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Press Release
| $6.27 $6.09 | ▼ −2.87% | ▼ −1.52% | $5.43 (−13.40%) |
US Market Status
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