TMC The Metals Company (TMC) Stock: Why Shares Jumped 7% After Hours

TLDR

• TMC shares climbed 7.38% to $5.82 in after-hours trading Tuesday on strong financial and regulatory news
• Company holds $165 million in total liquidity with $121 million cash, eliminating near-term funding needs
• Copper’s addition to U.S. Critical Minerals List means all four nodule metals now have critical status
• August economic studies showed $23.6 billion project value and $5.5 billion NPV for NORI-D area
• Stock has rocketed 495.60% over the past year with current market cap at $2.24 billion

TMC the metals company Inc. (TMC) gained 7.38% to $5.82 in after-hours trading Tuesday. The deep-sea mining company continues to attract investor interest following several positive developments.

TMC the metals company Inc., TMC

The stock has delivered massive returns. Shares are up 495.60% over the past year and 351.67% year-to-date.

TMC’s 52-week range spans from $0.72 to $11.35. The company now has a market capitalization of $2.24 billion.

Strong Cash Position Eases Dilution Concerns

TMC announced last week it holds $165 million in total liquidity. The figure includes $121 million in cash after warrant exercises and unused credit lines.

The statement appears to have calmed investor worries about share dilution. Many growth companies face pressure to raise additional capital through stock offerings.

The U.S. Department of the Interior and U.S. Geological Survey updated the Critical Minerals List in November. Copper was added to the list of materials considered vital for U.S. economic and national security.

This change means all four metals in TMC’s polymetallic nodules now have critical status. The designation could provide regulatory benefits and underscore the strategic value of the company’s resources.

According to TMC’s Pre-Feasibility Study, copper represents 17% of projected life-of-mine revenue. The critical status elevates the importance of the company’s entire nodule composition.

Major Project Valuation and Regulatory Wins

TMC released two economic studies in August that valued the project at $23.6 billion. The studies marked a first in the industry.

The company declared 51 million tonnes of probable mineral reserves. This represented the first-ever such declaration globally.

The Pre-Feasibility Study for the NORI-D area calculated a Net Present Value of $5.5 billion. These numbers have helped support the stock’s rally throughout the year.

On the regulatory front, TMC’s subsidiary received full compliance notice from NOAA in August. The Metals Company USA secured confirmation of priority rights over both exploration areas.

NOAA has sent its draft deep-sea mining rule to the White House. The rule would consolidate the license and permit review process for the industry.

Market data shows bullish option activity around TMC shares. Implied volatility has risen, typically a sign of positive investor sentiment.

Average trading volume sits at 9.3 million shares. Technical indicators currently flash a buy signal for the stock.

The company’s strategic moves and de-risking efforts have prompted analysts to raise price targets. The recent earnings report combined with strong liquidity has reinforced the bullish case.

TMC shares continue to show heightened volatility as investors evaluate the company’s path forward in deep-sea mining operations.

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