US EditionTMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule ...
CLARION CLIPPERTON ZONE, PACIFIC OCEAN, AUG 4 – TMC declared 51 million tonnes of probable mineral reserves for NORI-D, projecting an 18-year mine life and a combined project value of $23.6 billion, targeting production by 2027.
- Monday's TRS release shows two economic studies with a $23.6 billion value and a world-first declaration of 51 million tonnes of mineral reserves for TMC.
- Following the IA, TMC's assessment covers the 1.3 billion tonne resource in NORI and TOML areas, with an after-tax NPV of $18.1 billion.
- The study anticipates first production in Q4 2027, with steady output of 10.8 million tonnes of wet nodules from 2031 to 2043, delivering 97 ktpa nickel, 2,389 ktpa manganese, 70 ktpa copper, and 7.4 ktpa cobalt.
- Following the study releases, Korea Zinc bolstered its position by investing $85 million in June for a 5% stake in TMC.
- These projections are contingent on regulatory approvals and assumptions around recovery methods, costs, infrastructure, financing, and market conditions, with forward-looking information subject to significant uncertainty.
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TMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule ...
TMC published two technical economic assessments prepared in accordance with Subpart 1300 of Regulation S-K highlighting a total combined project value of $23.6 billion, showing potential economic viability of its NORI-D Project and significant scalability across other NORI and TOML…
Globe Newswire
TMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule Reserves
TMC published two technical economic assessments prepared in accordance with Subpart 1300 of Regulation S-K highlighting a total combined project value of...
What's Going On With The Metals Company Stock Monday? - TMC The Metals Co (NASDAQ:TMC)
The Metals Company Inc (NASDAQ:TMC) shares are trading higher. The company on Monday announced two economic studies showing $23.6 billion in total project value and declared mineral reserves for a polymetallic nodule project.
TMC publishes pre-feasibility study for NORI-D polymetallic nodule project
TMC, a developer of critical metals, has released the technical report summary (TRS) for the pre-feasibility study (PFS) concerning its NORI-D Polymetallic Nodule Project, situated in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean.
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