Develops projects to collect, process and refine seafloor polymetallic nodules into nickel-, copper- and cobalt-bearing products and manganese silicate for metal buyers.
10-K for FY2025, filed Mar 31, 2026
No revenue reported yet.
10-K for FY2025, filed Mar 31, 2026
Glencore has rights to buy 50% of annual nickel and copper production from NORI ore directly from TMC subsidiary DGE, at a plant DGE owns or controls.
10-K for FY2025, filed Mar 31, 2026Glencore: Glencore International AG (Glencore) holds offtake rights to 50% of the NORI nickel and copper production. Glencore has the right…View ↗
10-Q for Q2 FY2026, filed Aug 13, 2026
−$60.1MView ↗
U.S. permitting path
The latest report adds a U.S. permitting path while maintaining International Seabed Authority exploration contracts; the older report described exploration and commercial rights under the international authority.
10-K for FY2022, filed Mar 27, 2023 10-K for FY2025, filed Mar 31, 2026
From exploration to development
The company describes itself as moving from exploration to development, with a pre-feasibility study and initial assessment for its project areas; the older report said it was still in exploration.
10-K for FY2022, filed Mar 27, 2023 10-K for FY2025, filed Mar 31, 2026We are still in the exploration phase and have not yet obtained any exploitation contracts from the ISA, which will only be available after…View ↗
We are now in the development stage following the release of the results of a pre-feasibility study on one of our development areas in a…View ↗
Planned product formats
The older report described battery precursor feedstock, copper cathode and manganese silicate; the latest adds nickel-, cobalt- and copper-bearing intermediate and cathode products, with possible later formats and rare earth extraction.
10-K for FY2022, filed Mar 27, 2023 10-K for FY2025, filed Mar 31, 2026These four metals contained in the polymetallic nodules are critical for the transition to low carbon energy. Our resource definition work…View ↗
The four metals and REEs contained in the polymetallic nodules are on the U.S. Department of Interior’s “2025 List of Critical Minerals…View ↗
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