TMC (TMC) Jumps 6% as Investors Await Deep-Sea Mining Application Progress
TMC the metals company rallied for a third consecutive day on Thursday, jumping 6.16 percent to close at $8.1 apiece as investors placed bets while waiting for updates on its application to mine in the controversial international waters.
It can be learned that TMC the metals company Inc. (NASDAQ:TMC), through its US subsidiary, submitted a license application with the United States to mine beyond the US waters—a jurisdiction that is regulated by the International Seabed Authority (ISA)—following an executive order from President Donald Trump to unleash America's offshore critical minerals and resources.
The company is currently under fire, with critics saying it bypassed the ISA for originally being a Canadian firm, and with Canada a member of the organization.
Photo by Ricardo Gomez Angel on Unsplash
Notably, the US is not a member of the ISA, giving it greater flexibility in pursuing such initiatives.
Based on its historical earnings reporting dates, TMC the metals company Inc. (NASDAQ:TMC) is set to announce the results of its financial and operational highlights in the second week of August 2025.
While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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