TMC Metals Announces New Production Agreement with Allseas for Polymetallic Nodule Collection System

TMC the metals Inc. (NASDAQ:TMC) has signed a production agreement with Allseas to develop what it claims will be the first commercial polymetallic nodule collection system, targeting integration and commissioning by late 2027. The company reported a Q1 net loss of $20.6 million but maintains liquidity of approximately $164 million.

By MarketBeat Fri, May 15, 2026 at 7:06 AM GMT+3 8 min read · Yahoo Finance · May 15, 2026, 04:06 UTC

Tickers: $TMC

Topics: commercialization metals polymetallic_nodules production_agreement

Read the full article at Yahoo Finance

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