TMC Announces Strategic Investment from Korea Zinc — a World-Leader in Non-Ferrous Metal Refining and pCAM Technology — to Advance Development of Deep-Seabed Critical Minerals in the U.S.

TMC the metals company Inc. announced a strategic investment of approximately $85.2 million from Korea Zinc, but no further details or timelines are provided.

Risk flags

• ●No closing date or further operational details are specified in the announcement.

Announcement summary

TMC the metals company Inc . announced that Korea Zinc has agreed to make a strategic investment of approximately $85.2 million in the Company. The investment will be made through the purchase of common shares and warrants in a private placement. TMC is described as a leading explorer of the world’s largest undeveloped resource of critical metals. Korea Zinc is noted as a world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology. This transaction is significant for investors due to the size of the investment and the involvement of a major industry player.

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