TMC Stock Surges on Strong Liquidity and Critical Mineral Status
TMC the metals company Inc. (TMC) shares rallied 7.38% to $5.82 in after-hours trading, fueled by robust financial positioning and regulatory tailwinds. The deep-sea mining firm now holds $165 million in total liquidity, including $121 million in cash, with CEO Gerard Barron emphasizing no immediate need for public market funding.
Regulatory momentum builds as all four metals in TMC's polymetallic nodules achieve critical mineral status, following copper's addition to the U.S. Critical Minerals List. August's economic studies revealed a $23.6 billion project valuation for the NORI-D area, with a $5.5 billion net present value.
The stock's 495.60% annual surge reflects growing market confidence, now commanding a $2.24 billion market cap. Trading between $0.72 and $11.35 over the past year, TMC demonstrates extraordinary volatility characteristic of emerging resource plays.
