TMC the metals company (TMC) Q2 FY26 earnings call

The Metals Company is making steady progress on its US regulatory pathway for deep seabed mining applications, despite some permitting delays. The company is also advancing its first commercial collection system with Allseas and developing onshore processing capabilities in the US through partnerships. Management highlighted strong government support for reshoring critical mineral supply chains, while acknowledging the company's stock has lagged its underlying resource valuation.