NEW YORK, December 29, 2025, 11:54 ET — Regular session
- Shares of TMC the metals company fell about 5% in late-morning trade.
- NOAA is taking public comments through Feb. 23 on two exploration license applications tied to the company’s U.S. unit. GovInfo
- Thin, year-end trading conditions have amplified swings across equities, CFRA’s Sam Stovall said. Reuters
Shares of Nasdaq-listed TMC the metals company fell about 5% on Monday, last down $0.34 at $6.48.
The move comes in a holiday-thinned final week of the year, with investors focused on the next steps in the company’s bid to secure U.S. approvals to explore the deep seabed for metals. Reuters
The National Oceanic and Atmospheric Administration, part of the U.S. Commerce Department, is seeking public comment on two exploration license applications filed by The Metals Company USA, LLC, and has set a Feb. 23 deadline. GovInfo
Those dates matter because TMC’s project remains an approvals-driven story: without the relevant U.S. authorizations, the company cannot move from plans to permitted offshore activity in areas beyond national jurisdiction. National Ocean Service
NOAA says an exploration license allows surveys, research and test mining of polymetallic nodules, while a separate commercial recovery permit would be required for full-scale recovery for marketing. National Ocean Service
TMC traded between an intraday low of $6.42 and a high of $6.93 on Monday, with about 3.3 million shares changing hands.
The broader U.S. market was lower in late morning, and low liquidity can exaggerate stock moves into year-end. “It’s a very light trading week ahead; volume is low,” said Sam Stovall, chief investment strategist at CFRA Research. Reuters
TMC is a deep-sea minerals exploration company focused on collecting and processing polymetallic nodules from the Clarion-Clipperton Zone in the Pacific Ocean, according to a Reuters company profile. Reuters
A Federal Register notice said NOAA has determined the two amended applications are compliant with information requirements under the Deep Seabed Hard Mineral Resources Act, or DSHMRA, and opened separate public dockets for written comments. GovInfo
NOAA scheduled virtual public hearings on Jan. 27 and Jan. 28, running from 3 p.m. to 7 p.m. ET each day, and said attendees must register by Jan. 21 at 5 p.m. ET. GovInfo
The Metals Company’s investor relations site lists no upcoming events, leaving the NOAA hearings and the close of the comment period as the next clear dates traders can point to. The Metals Company
For now, investors are treating the stock as a high-volatility bet on a U.S. regulatory process, with sentiment likely to remain sensitive to headlines as the public record builds into 2026. GovInfo
