TMC the metals company Inc. filed a current report on August 19, 2026, disclosing that the National Oceanic and Atmospheric Administration published in the Federal Register the consolidated application submitted by the company's subsidiary for an exploration license and commercial recovery permit for polymetallic nodules in the Pacific Ocean.

Key Highlights

  • NOAA publication: The National Oceanic and Atmospheric Administration published in the Federal Register a consolidated application filed by The Metals Company USA LLC.
  • Application scope: The application covers an exploration license and commercial recovery permit for polymetallic nodules in the TMC USA-A area of the Clarion-Clipperton Zone.
  • Governing law: The application was submitted under the Deep Seabed Hard Mineral Resources Act and its implementing regulations.
  • Location: The TMC USA-A area is situated in international waters of the Pacific Ocean.
  • Signed by: The report was signed by Craig Shesky, Chief Financial Officer of TMC the metals company Inc.

TMC Subsidiary Application Published in Federal Register for Pacific Nodule Recovery

According to the filing, TMC the metals company Inc. (NASDAQ:TMC), incorporated in British Columbia, Canada, and headquartered in Vancouver, disclosed on August 19, 2026, that NOAA had published in the Federal Register the consolidated application of its subsidiary, The Metals Company USA LLC. The application seeks both an exploration license and a commercial recovery permit for polymetallic nodules located in the TMC USA-A area of the Clarion-Clipperton Zone, which the filing identifies as lying in international waters of the Pacific Ocean. The submission was made under the Deep Seabed Hard Mineral Resources Act and its implementing regulations.

The company disclosed the development through a press release, furnished as Exhibit 99.1 to the current report and incorporated by reference into Item 7.01 under Regulation FD. The filing notes that the information provided under Item 7.01, including Exhibit 99.1, "shall not be deemed to be 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934" and is not subject to the liabilities of that section. The filing also states that it contains forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially, with the company directing readers to cautionary language in the attached press release.

In addition to common shares trading under the symbol TMC on the Nasdaq Stock Market, the company also has redeemable warrants registered under the symbol TMCWW on the Nasdaq Stock Market, each whole warrant exercisable for one TMC Common Share at an exercise price of $11.50 per share, as disclosed on the filing's cover page.

What Was Disclosed

The filing reported that NOAA published in the Federal Register the consolidated application by The Metals Company USA LLC for an exploration license and commercial recovery permit covering polymetallic nodules in the TMC USA-A area of the Clarion-Clipperton Zone in the Pacific Ocean.