NOAA Publishes TMC USA’s Consolidated Application for an Exploration License and Commercial Recovery Permit for TMC USA-A in the Federal Register

NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC”, “The Metals Company” or the “Company”), a leading developer of the world’s largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today announced that the National Oceanic and Atmospheric Administration (“NOAA”) published in the Federal Register the consolidated application submitted by the Company’s subsidiary, The Metals Company USA LLC (“TMC USA”), for an exploration license and commercial recovery permit for TMC USA-A under the Deep Seabed Hard Mineral Resources Act (“DSHMRA”) and its implementing regulations.

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Publication of the consolidated application in the Federal Register follows the determination of full compliance by NOAA on April 28, 2026, and provides public notice of TMC USA’s submission. NOAA’s review will continue under DSHMRA and its implementing regulations and is now expected to proceed through remaining steps, including:

Gerard Barron, Chairman and CEO of The Metals Company, said: “Publication of our consolidated application in the Federal Register is an important milestone on the permitting path under DSHMRA as it starts the clock on the public comment period that NOAA views as a prerequisite to certification. Every step toward a final regulatory decision brings us closer to potential commercial production and to a future in which the United States has greater mineral sovereignty in several critical minerals. Our confidence in the permitting process remains high and we continue to advance our first project toward commercial production in parallel with NOAA’s permitting process.”

Earlier this year, TMC USA submitted a consolidated application for an exploration license and a commercial recovery permit for polymetallic nodules in the TMC USA-A area in international waters of the Clarion Clipperton Zone (“CCZ”) in the Pacific Ocean. The application was filed under NOAA’s new consolidated application and review process and represents the first submission of its kind. It covers a ~65,000 km 2 exploration and commercial recovery area, with an estimated resource of 619 Mt of wet nodules and potential exploration upside of an additional 200 Mt.