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Recently, Metals has received a new capital injection – it takes two years or more enough.
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Future rare lands are still needed to survive regulatory obstacles to start operating.
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The company’s shares were rolled up and looks like buying at today’s price.
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10 shares we like more than TMC the Metals Company ›
Shares of Metals Company (NASDAQ: TMC) He drank this summer.
First, the Korea Zinc, a non -relief metal fider in South Korea, announced $ 85.2 million. USD investment in the TMC-orderly company’s main approval of the industrial partner. Then another pop came after the National Ocean and atmospheric Administration (NOAA) reaffirmed that TMC’s research programs comply with US law.
Then Letdown: The company announced the second quarter of Net $ 74.3 million. USD net loss in August, which reminded investors how much this mining company is from profit. Since then, stock prices have fallen by more than 35%compared to late July.
This is the question: Is it the right time to buy a metals now?
TMC sits on one of the largest unprecedented critical mineral sources on the planet: nodules. These rocks of potatoes are located at the bottom of the Pacific Ocean and contain rare metals for the transition of green energy.
China is dominated by the supply and recycling of these and other critical metals, which emphasizes the urgency that the US faces if it wants industry independence. In fact, consulting company Arthur Little’s study evaluates the overall possibility of seabed mining with a stunning $ 20 trillion. If the TMC could extract even part of it, it could become a Cornerstone critical metals supplier.
However, there is a lot of happening before the TMC mines. First of all, it requires commercial rights to dig them. Although the management recently confirmed that production would begin in 2027. In the fourth quarter, she needs to be allowed to clean it so she can do it. Until then, she has to rely on cash – about $ 115.8 million. USD – it doesn’t get income.
So expect volatility in the near future. If you think the lack of economically promising metals on land will encourage governments to take alternatives, TMC can be a speculative way to bet on this trend. Otherwise, the Clean Energy Exchange Fund (ETF) may not be such a rude investment so far.
Before buying TMC the Metals Company stock, consider this: