The Metals Company ​($TMC): Critical ​Minerals Supply Chain Moves ​Closer ​to Commercial ​Scale TMC USA @themetalsco reported a major Q1 ​2026 ​corporate update, advancing its ​plan to ​recover polymetallic ​nodules from the ​deep ​seafloor as ​a ​potential new ​source ​of critical metals for energy, ​defense, manufacturing, and ​infrastructure. Key ​updates ​investors are watching: • ​Commercial ​agreement signed ​with Allseas to develop and ​operate ​the first ​offshore nodule recovery system • ​Targeted nameplate production capacity of 3.0M ​wet tonnes ​per year • System commissioning ​expected ​to begin ​in ​Q4 ​2027, subject to regulatory approvals • ​NOAA determined TMC USA's consolidated ​exploration license ​and commercial ​recovery ​permit ​application ​is ​in full compliance • ​TMC ​USA expects the ​permitting process to ​conclude before ​the ​end of Q1 2027 • ~$164M in available liquidity ​as of ​March 31, ​2026 • $119.7M cash ​on hand ​and ​no debt As the U.S. ​looks to ​secure critical ​mineral supply chains and reduce reliance on ​foreign ​sources, $TMC ​is positioning deep-seabed ​polymetallic ​nodules as ​a ​potential strategic supply ​source. With regulatory momentum, a landmark new ​agreement ​with ​existing partner ​Allseas ahead ​of commercial production, and a clear path ​toward potential ​permit approval, $TMC ​is entering ​a high-stakes ​execution ​window that resource, energy, and reshoring ​investors ​may ​want ​on their radar. Read the full ​corporate ​update: $TMC $TMCR

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Workers sort packages in Qingpu district, East China's Shanghai, on Wednesday. #Shanghai# express delivery services promote orderly resumption of work and production amidst the city's lockdown.