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The Ocean Floor Could Power EVs. Will This Company Reap the Rewards?
The Ocean Floor Could Power EVs. Will This Company Reap the Rewards?
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BTCCSquare news:
Vancouver-based The Metals Company (TMC) is making waves with its ambitious plan to harvest polymetallic nodules from the Pacific Ocean's Clarion Clipperton Zone. These nodules, rich in nickel, copper, cobalt, and manganese, are critical for electric vehicle batteries and renewable energy technologies. TMC's stock surged 430% in 2025, drawing investor attention despite its lack of revenue and mounting losses.
The company's approach contrasts sharply with traditional mining. By extracting metals from the seabed, TMC aims to reduce the carbon footprint associated with land-based mining. However, the environmental impact of deep-sea mining remains a contentious issue. The potential rewards are significant, but so are the risks.
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