TMC the metals company IncNASDAQ TMC Stock Report

TMC the metals co., Inc. is a deep-sea minerals exploration company, which engages in the collection, processing and refining of polymetallic nodules found on the seafloor in the Pacific Ocean. The company is headquartered in Vancouver, British Columbia and currently employs 31 full-time employees. The company went IPO on 2020-06-26. The CCZ is a zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of approximately 4,500 miles. The firm operates only one segment, which is engaged in exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules. These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as feedstock for battery cathode precursors (nickel and cobalt sulfates) for electric vehicles (EV), nickel-copper-cobalt matte and/or copper cathode for EV wiring, clean energy transmission, and other applications and manganese silicate for manganese alloy production require for steel production.