Apr. 21 at 3:49 PM
$TMCR for newbies:
How DSM will happen (TMC context):
Deep‑sea mining (DSM) advances step‑by‑step through a U.S. regulatory, technical, and industrial build‑out. TMC is stacking these steps in sequence—permitting, engineering, processing, and partners—rather than relying on a single approval.
What’s already in motion
-First consolidated NOAA DSM application filed and deemed “substantially compliant”
-Environmental Impact Statement (EIS) process effectively underway via consolidated review
-Years of offshore trials, environmental data, and system validation completed
Near‑term catalysts (weeks to months)
-Allseas commercial agreement expected soon, formalizing offshore execution
-Texas processing plant feasibility study expected within months, unlocking U.S. government consideration
-Continued NOAA technical & environmental review, increasing clarity on DSM permitting timelines
Bottom line:
DSM moves forward by clearing each gate. TMC now has multiple gates open—and several more nearing decision.