NOAA Publishes Notice of Intent in the Federal Register to Prepare an Environmental Impact Statement for TMC USA’s USA-B Exploration License Application

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The publication of a Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) represents a key milestone in the transparent regulatory approval process for TMC USA’s USA-B exploration license application The USA-B application area covers ~122,000 km2 of seafloor containing an estimated 1.02 billion tonnes of polymetallic nodules with high grades of nickel, cobalt, copper, manganese, and meaningful quantities of many rare earth elements Publication of the NOI in the Federal Register follows NOAA’s earlier certification of the USA-B exploration license application on May 26, 2026 NEW YORK, Aug. 17, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” 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”) has published a Notice of Intent to prepare an Environmental Impact Statement in the Federal Register for the exploration license application submitted by the Company’s subsidiary, The Metals Company USA LLC (“TMC USA”), under the Deep Seabed Hard Mineral Resources Act (“DSHMRA”) and its implementing regulations. The USA-B application area in the Clarion Clipperton Zone (“CCZ”) of the Pacific Ocean covers ~122,000 km2 of seafloor and hosts an estimated 1.02 billion tonnes of polymetallic nodules based on TMC’s Technical Report Summary for the Initial Assessment published in August 2025. In addition to the USA-B exploration license application, TMC USA is also advancing a consolidated application for an exploration license and commercial recovery permit for the USA-A area, which was submitted to NOAA on January 22, 2026, and determined to be fully compliant on April 28, 2026. Gerard Barron, CEO and Chairman of The Metals Company, commented: “The publication of this Notice of Intent is another milestone in NOAA's methodical review process. We welcome the opportunity to participate in a rigorous Environmental Impact Statement process that invites public input and builds on more than a decade of our own environmental research and engineering, alongside 50 years of environmental research and a dozen other commercial and academic disturbance tests in the CCZ. As we’ve said from the beginning, good regulation s...

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