r/wallstreetbets May 1, 03:08 PM
$TMC NOAA Finds Mining Application In Full Compliance TMC USA's consolidated application, submitted earlier this year, covers a combined exploration and commercial recovery area of approximately 65,000 square kilometers in the Clarion Clipperton Zone in the Pacific Ocean. This represents an increase from the roughly 25,000 square kilometers included in the initial application filed in April 2025.
The application includes an estimated resource of 619 million tonnes of wet nodules, with potential exploration upside of an additional 200 million tonnes.
The company said the submission is the first of its kind under NOAA's updated regulatory framework, which allows applicants to combine exploration and commercial recovery permits into a single process using exploration-phase data.
CEO Gerard Barron said the determination brings the company closer to commercial operations and reflects years of scientific, environmental and engineering work supporting the project.
submitted by /u/ADropinInfinity
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