One of the key factors that I continue to harp on as intrinsic to my bullish thesis on TMC is the company's control of what it claims is the world's largest undeveloped battery metals resource in the Clarion-Clipperton Zone (CCZ). The company estimates that it has access to around 274 million metric tons (Mt) of wet nodules, including 51 Mt of probable reserves. These are the first, and largest-ever declared reserves for deep-sea mining, with key battery minerals included in these nodules that are surging in value.
The first-ever treaty to protect marine diversity in international waters will come into force early next year, after it was ratified by the 60th nation, Morocco. Morocco's formal adoption of the Marine Biodiversity Treaty on Friday means the agreement will now enter into force on January 17, 2026, offering new protections to an area covering two-thirds of the world's oceans and as many as 10 million different species, many of which are still unidentified.
