The Metals Company Inc.
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About The Metals Company Inc.
The Metals Company Inc. (TMC) is a nickel mining company. Our project database tracks 5 projects for The Metals Company Inc. with technical and economic data extracted from company filings. Its flagship NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules) (PEA) carries an after-tax NPV of $18.08B and an IRR of 35.6% over a 23-year mine life.
The Metals Company is developing deep-sea polymetallic nodule deposits in the Clarion-Clipperton Zone of the Pacific Ocean, which contain nickel, cobalt, copper, and manganese. The company holds exploration licenses covering some of the largest undeveloped deposits of battery metals on Earth.
Primary Commodities
Project Economics
NORI and TOML Properties (Clarion-Clipperton Zone)
- Mineral Resources
- NORI-A Inferred 72 Mwmt @ 1.35% Ni, 1.06% Cu, 0.22% Co, 28.0% Mn; NORI-B Inferred 36 Mwmt @ 1.43% Ni, 1.13% Cu, 0.25% Co, 28.9% Mn; NORI-C Inferred 402 Mwmt @ 1.26% Ni, 1.03% Cu, 0.21% Co, 28.3% Mn; TOML-A Inferred 114 Mwmt @ 1.11% Ni, 0.96% Cu, 0.23% Co, 25.0% Mn; TOML-B Measured 3 Mwmt @ 1.3% Ni, 1.0% Cu, 0.2% Co, 27.6% Mn; TOML-B Indicated 14 Mwmt @ 1.3% Ni, 1.1% Cu, 0.2% Co, 28.6% Mn; TOML-B Inferred 63 Mwmt @ 1.2% Ni, 1.0% Cu, 0.3% Co, 25.9% Mn; TOML-C Indicated 15 Mwmt @ 1.3% Ni, 1.2% Cu, 0.2% Co, 30.5% Mn; TOML-C Inferred 115 Mwmt @ 1.3% Ni, 1.1% Cu, 0.2% Co, 28.2% Mn; TOML-D Indicated 29 Mwmt @ 1.3% Ni, 1.2% Cu, 0.2% Co, 30.1% Mn; TOML-D Inferred 102 Mwmt @ 1.3% Ni, 1.2% Cu, 0.2% Co, 28.8% Mn; TOML-E Inferred 58 Mwmt @ 1.3% Ni, 1.1% Cu, 0.2% Co, 28.7% Mn; TOML-F Indicated 12 Mwmt @ 1.5% Ni, 1.2% Cu, 0.1% Co, 32.5% Mn; TOML-F Inferred 244 Mwmt @ 1.4% Ni, 1.2% Cu, 0.1% Co, 32.2% Mn
NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules)
- Mineral Resources
- Total across NORI A, B, C and TOML A-F (at 4 kg/m2 abundance cut-off, wet tonnes, grades dry basis): Inferred 72+36+402+114+63+115+102+58+244 = 1,206 Mwmt; Measured 3 Mwmt; Indicated 14+15+29+12 = 70 Mwmt. Individual lines: NORI-A Inferred 72 Mwmt (Ni 1.35%, Cu 1.06%, Co 0.22%, Mn 28.0%); NORI-B Inferred 36 Mwmt (1.43/1.13/0.25/28.9); NORI-C Inferred 402 Mwmt (1.26/1.03/0.21/28.3); TOML-A Inferred 114 Mwmt (1.11/0.96/0.23/25.0); TOML-B Measured 3 Mwmt (1.3/1.0/0.2/27.6), Indicated 14 Mwmt (1.3/1.1/0.2/28.6), Inferred 63 Mwmt (1.2/1.0/0.3/25.9); TOML-C Indicated 15 Mwmt (1.3/1.2/0.2/30.5), Inferred 115 Mwmt (1.3/1.1/0.2/28.2); TOML-D Indicated 29 Mwmt (1.3/1.2/0.2/30.1), Inferred 102 Mwmt (1.3/1.2/0.2/28.8); TOML-E Inferred 58 Mwmt (1.3/1.1/0.2/28.7); TOML-F Indicated 12 Mwmt (1.5/1.2/0.1/32.5), Inferred 244 Mwmt (1.4/1.2/0.1/32.2). No Mineral Reserves declared.
- Royalties / Streams
- Exploration contracts held through wholly owned subsidiaries NORI and TOML; ISA exploitation contract and DSHMRA commercial recovery permit required; royalties per ISA/DSHMRA framework (amount not stated)
NORI Area D
NORI Area D (Clarion Clipperton Zone)
- Royalties / Streams
- Nauru Continuity Benefits payments; Low Carbon Royalty (LCR)
TOML and NORI Properties, Clarion-Clipperton Zone
- Mineral Resources
- NORI-A Inferred 72 Mwmt 1.35% Ni; NORI-B Inferred 36 Mwmt 1.43% Ni; NORI-C Inferred 402 Mwmt 1.26% Ni; TOML-A Inferred 114 Mwmt 1.11% Ni; TOML-B Measured 3 Mwmt, Indicated 14 Mwmt, Inferred 63 Mwmt; TOML-C Indicated 15 Mwmt, Inferred 115 Mwmt; TOML-D Indicated 29 Mwmt, Inferred 102 Mwmt; TOML-E Inferred 58 Mwmt; TOML-F Indicated 12 Mwmt, Inferred 244 Mwmt
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
NORI Area D (Clarion Clipperton Zone)
9 studies on recordNORI Area D
15 studies on recordNORI and TOML Properties (Clarion-Clipperton Zone)
2 studies on recordTOML and NORI Properties (Clarion-Clipperton Zone)
2 studies on recordEconomics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Frequently Asked Questions
- What does The Metals Company Inc. mine?
- The Metals Company Inc. is focused on Nickel.
- What is the economic value of The Metals Company Inc.'s NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules)?
- According to its PEA, NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules) has an after-tax NPV of $18.08B and an IRR of 35.6%.
- How many projects does The Metals Company Inc. have?
- We track 5 projects with extracted technical and economic data for The Metals Company Inc.
Project Analysis
TOML and NORI Properties, Clarion-Clipperton Zone PEA: $18.08B NPV, 35.6% IRR
The Metals Company Inc.'s TOML and NORI Properties, Clarion-Clipperton Zone in Clarion-Clipperton Zone, northeast Pacific Ocean (between Hawaii and Mexico) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $18.08B, an after-tax IRR of 35.6%, and initial capital of $8.85B. The proposed mine plan runs 23 years.
NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules) PEA: $18.08B NPV, 35.6% IRR
The Metals Company Inc.'s NORI and TOML Properties (Clarion-Clipperton Zone polymetallic nodules) in Clarion-Clipperton Zone, northeast Pacific Ocean, between Hawaii and Mexico (international seabed Area); NORI and TOML contract areas (Nauru and Tonga sponsorship) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $18.08B, an after-tax IRR of 35.6%, and initial capital of $8.85B. The proposed mine plan runs 23 years.
NORI and TOML Properties (Clarion-Clipperton Zone) PEA: $18.08B NPV, 35.6% IRR
The Metals Company Inc.'s NORI and TOML Properties (Clarion-Clipperton Zone) in Clarion-Clipperton Zone, northeast Pacific Ocean (between Hawaii and Mexico); international seabed area (the Area) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $18.08B, an after-tax IRR of 35.6%, and initial capital of $8.85B. The proposed mine plan runs 23 years.
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Recent News
Quick Facts
- Ticker Symbol
- TMC
- Market Cap
- Small Cap
- Category
- Nickel
- Commodities
- Nickel
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.