TMC the metals company Inc.

The Metals Company, formerly known as DeepGreen Metals, is a Canadian deep-sea mining exploration company headquartered in Vancouver, British Columbia. Established in 2011, its core business revolves around the exploration and eventual collection of polymetallic nodules from the Clarion Clipperton Zone (CCZ) of the Pacific Ocean. The company's mission is to supply critical metals for the clean energy transition with minimal environmental and social impact, aiming to accelerate the shift towards a circular metal economy.

The company's primary offering is the raw material found in polymetallic nodules, which are rich in nickel, copper, cobalt, and manganese. These metals are essential for the production of electric vehicle (EV) batteries, renewable energy systems, and other industrial applications. The Metals Company is developing the technology and processes required to collect these nodules from the seafloor and partner with onshore refiners to convert them into battery-grade metals, targeting the growing EV and clean energy sectors.

In recent news, on May 1, 2026, the U.S. National Oceanic and Atmospheric Administration (NOAA) determined that The Metals Company USA's consolidated deep-seabed mining application is in full compliance with federal requirements, marking a significant step toward commercial operations. The company anticipates regulatory processes to conclude by the first quarter of 2027, with commercial production targeted for the fourth quarter of 2027. Led by CEO and Chairman Gerard Barron, The Metals Company is positioned as a key player in the emerging deep-sea minerals market, despite being a pre-revenue company whose financial engine is built on the future sales of extracted metals. The company has faced scrutiny and environmental concerns from various organizations regarding the potential impacts of deep-sea mining.