Core Viewpoint - TMC the metals company Inc. is set to provide an update on its third quarter 2025 financial results and recent corporate developments during a conference call scheduled for November 13, 2025 [1] Group 1: Conference Call Details - The conference call will take place on Thursday, November 13, 2025, at 4:30 p.m. ET [2] - Participants can join via audio-only dial-in or a virtual webcast, with a replay available approximately two hours after the event [2] Group 2: Company Overview - The Metals Company focuses on developing lower-impact critical metals sourced from seafloor polymetallic nodules, aiming to supply essential metals for energy, defense, manufacturing, and infrastructure [3] - The company is committed to creating a sustainable metal commons through the tracing, recovering, and recycling of metals, ensuring a net positive environmental impact compared to traditional production methods [3] - Over a decade of research has been conducted on the environmental and social impacts of offshore nodule collection and onshore processing [3]

Core Insights - The Metals Company (TMC) has seen significant stock volatility, with a 36.1% decline following a 50% increase earlier in October, despite being up over 500% year-to-date [1][9] - The company focuses on extracting and refining polymetallic nodules from the Pacific Ocean seafloor, which are rich in manganese, cobalt, nickel, and copper, essential for electric vehicle batteries [2][3][4] - TMC has not yet commenced commercial operations and lacks the necessary permits for collection and processing, making it a highly speculative investment [5][6] Company Overview - The Metals Company is engaged in the collection and processing of metals from the seafloor, specifically targeting polymetallic nodules found in the Clarion-Clipperton Zone (CCZ) [2][4] - The CCZ is located in international waters and is regulated by the International Seabed Authority (ISA), where TMC holds exploration contracts but no collection contracts [6] Market Context - The recent surge in TMC's stock was influenced by China's tightening of export controls on critical metals, raising concerns about global supply chain disruptions [8][9] - The U.S. and other economies view copper, cobalt, nickel, and manganese as critical metals, with China being a major producer [7] Future Prospects - There is potential for increased regulatory sympathy towards new sources of critical metals due to geopolitical tensions, particularly with China [10] - TMC faces significant operational challenges, including a lack of excavation equipment and processing facilities, with commercial production not expected until Q4 2027 and full-scale operations by 2043 [11] - Short-term stock recovery appears unlikely unless there is a significant disruption in the supply of metals TMC plans to mine [12]

Core Insights - The Metals Company (TMC) has seen a significant stock increase of 520% year to date, positioning it among the top three mining stocks of the year [1] Company Overview - TMC is focused on deep-sea mining, specifically in the Clarion Clipperton Zone of the Pacific Ocean, to extract polymetallic nodules containing cobalt, copper, nickel, and manganese [2] - The company aims to process these nodules into battery-grade base metals for applications in electric vehicle batteries and power generation, with a focus on recyclability [2] Current Status and Challenges - TMC is currently in the exploration phase and has not yet generated revenue, lacking exploitation contracts from the International Seabed Authority (ISA) for commercial collection of nodules [3] - The ISA has not finalized a mining code, leaving TMC and similar companies in a state of uncertainty regarding operational permissions [3][6] Recent Developments - An executive order signed by President Trump in April 2025 aims to expedite permissions for deep-sea mining, providing TMC with an opportunity to apply for exploration licenses and a commercial recovery permit under the Deep Seabed Hard Mineral Resources Act (DSHMRA) [5] - This executive order has contributed to a significant rise in TMC's stock price, which at one point increased by over 800% in 2025 [7] Financial Considerations - TMC requires substantial funding to develop and commercialize its operations, with only $116 million in cash as of June 30, raising concerns about its market capitalization of $3.6 billion [8]

Group 1 - TMC the metals company Inc. experienced a significant decline of 10.10% on Wednesday, closing at $9.61, as investors engaged in profit-taking following a substantial rise earlier in the month [1][3] - The stock price of TMC surged by 78% in early October, reaching an intra-day high of $11.35, but a pullback resulted in a month-to-date gain of 51% [2] - TMC is a Canada-based deep-sea mining company that has filed intentions with the US government to mine in the international seabed through its US subsidiary, which has drawn criticism from environmental advocates and members of the International Seabed Authority [2][3]

Core Thesis - TMC The Metals Company has transitioned from a speculative venture to a credible operation, with its Clarion-Clipperton Zone (CCZ) project expected to commence production by 2026, supported by successful pilot initiatives and environmental assessments [3][4] - The company has completed pilot collection campaigns and enhanced processing technology, securing strategic funding for the next phase of development [3][5] Financial Performance - TMC reported minimal revenue in 2023 and 2024, focusing on research and pilot collection, but projections indicate potential annual revenues of $1–1.5 billion once full-scale production begins [4][9] - The stock is currently trading at approximately 8–9x forward sales, a significant increase from under 1x at the beginning of 2025, reflecting optimism regarding commercialization and the scarcity of scalable, ESG-aligned metal sources [5][9] Growth Catalysts - The global demand for electric vehicle (EV) metals is driving interest in TMC's seabed nodules, which are rich in nickel, cobalt, copper, and manganese [12] - The International Seabed Authority (ISA) is nearing the finalization of a mining code that could approve TMC's commercial license, facilitating production [12] - TMC claims that collecting seabed nodules results in up to 70% lower carbon emissions compared to terrestrial mining, providing both an ESG benefit and a cost advantage [12] - The company is pursuing long-term supply contracts with battery and EV manufacturers to ensure revenue visibility as production commences [12] - Recent capital raises and debt financing have extended TMC's cash runway, supporting enhancements to mining systems and processing capacity through 2026 [12] Market Position - TMC has evolved from a speculative penny stock into a high-stakes investment opportunity, with rapidly improving fundamentals [8][10] - If TMC successfully initiates production by 2026 and achieves projected revenues, the current stock price could be justified or seen as conservative in the long term [9][10]

Core Viewpoint - The rare earth sector in the U.S. stock market continues to show strong performance, with significant gains in various companies' stock prices [1] Company Performance - UAMY experienced a rise of over 16% in its stock price [1] - CRML saw an increase of more than 12% [1] - AREC and USAR both rose by over 7% [1] - MP and TMC had gains exceeding 2% [1]

Core Viewpoint - The rally in critical materials stocks, particularly TMC The Metals Company, is driven by the heightened focus on rare earths amid U.S.-China trade tensions and potential de-escalation of the trade war [1][2][5]. Group 1: Market Reactions - TMC shares surged by 20.3% following a significant drop the previous Friday, reflecting a recovery linked to President Trump's comments suggesting a de-escalation of trade tensions [1][5]. - The overall market saw a "risk-on" rally, particularly benefiting speculative and high-beta stocks like TMC, as investors reacted positively to the easing of trade war threats [5][6]. Group 2: Industry Context - China controls approximately 70% of the global supply of rare earths, which are essential for various industrial and military applications, highlighting the strategic importance of these materials [3]. - Despite TMC not mining rare earths, the company is positioned to benefit from the increasing demand for other critical minerals necessary for industrial uses [6]. Group 3: Company Profile - TMC is characterized as a high-risk investment, having experienced an extraordinary 855% gain in 2025, but it currently has no revenue and requires significant capital investment [7]. - The potential for deep-sea mining is substantial, with a 2024 analysis estimating the global addressable market for undersea metals could reach as high as $20 trillion [8].

Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by approximately 500 points on Monday [1] Bloom Energy Corporation - Bloom Energy Corporation's shares surged by 25.5%, reaching $109.03, following the announcement of a $5 billion partnership with Brookfield Asset Management to advance AI infrastructure [2][1] - The partnership will focus on deploying Bloom's technology for global AI factory projects, including a European site expected to be announced by the end of the year [1] American Battery Technology Company - American Battery Technology Company's shares rose by 35% to $9.11 after completing all required NEPA baseline studies for its Tonopah Flats Lithium Project, one of the largest lithium projects in the U.S. [4] Rare Earth Mineral Stocks - Stocks related to rare earth minerals saw significant gains, with Critical Metals Corp. increasing by 34% to $20.08 and USA Rare Earth, Inc. rising by 26% to $40.96, following President Trump's consideration of increased tariffs on Chinese products [4] - United States Antimony Corporation's shares rose by 24.4% to $15.20, while MP Materials Corp. gained 21.8% to $95.47 amid ongoing strength in the sector [4] Semiconductor Companies - Semiconductor stocks experienced a boost, with Broadcom Inc. rising by 9.3% to $354.83 after announcing a collaboration with OpenAI to deploy 10 gigawatts of AI accelerators [4] - Taiwan Semiconductor Manufacturing Company Limited gained 7.5% to $301.79, reflecting overall market strength and increased trader confidence [4] Tesla, Inc. - Tesla, Inc. shares increased by 3.5% to $428.14, as the company recorded its second-highest monthly sales in China for 2025 during September, indicating continued growth in the Chinese market [4]

Core Viewpoint - The Metals Company (TMC) is positioned to address the increasing global demand for minerals by extracting them from the sea floor, which could present significant investment opportunities despite inherent risks [1] Group 1: Company Overview - The Metals Company focuses on deep-sea mining to obtain essential minerals needed for various industries, particularly in the context of the growing demand for sustainable resources [1] - TMC's operations are aimed at tapping into the vast mineral resources located on the ocean floor, which are critical for the production of batteries and other technologies [1] Group 2: Industry Context - There is a global urgency for more minerals, driven by the transition to renewable energy and the increasing reliance on electric vehicles, which require substantial amounts of metals [1] - The deep-sea mining sector is emerging as a potential solution to meet the rising mineral demand, positioning companies like TMC at the forefront of this industry [1]

Core Insights - TMC the metals company has experienced significant stock performance, with an increase of approximately 715% year-to-date and 817% since the rally began a year ago [1] Company Overview - TMC the metals company is listed on NASDAQ under the ticker TMC [1] - The company has been closely followed by financial analyst Harrison, who has over a decade of market experience and has been writing on Seeking Alpha since 2018 [1] Analyst Background - Harrison has professional experience in private equity, real estate, and economic research [1] - He possesses an academic background in financial econometrics, economic forecasting, and global monetary economics [1]