Key points
- CFO Craig Shesky says TMC’s prefeasibility study and initial assessment, released the Monday before the AMA, show a combined $23.6 billion net present value for the company’s Nori resources.
- TMC is targeting Q4 2027 for the start of commercial production, using four vessels with two collectors each under the prefeasibility study’s 18-year mine plan.
- The company has raised $85 million from Korea Zinc and added board members Michael Pes and Alex Spyros, following TMC’s first Strategy Day in New York.
- TMC holds a resource of 1.66 billion tons of nodules under ISA exploration contracts sponsored by Nauru and Tonga, and has converted 51 million tons to reserves in the NORI-D area; the company reports Q2 2025 earnings on August 14 at 4:30 p.m.
