TMC

TMC's stock price declined over the past six months, underperforming the S&P500 Index by -35.93%, with its share price at $3.78 as of September 18, 2026, a 34.80% drop from the previous year. Regulatory progress included NOAA issuing a Notice of Intent for an Environmental Impact Statement for TMC USA's USA-B exploration license application in August 2026, following confirmation in June 2026 that TMC's deep-sea mining application met review requirements, and certification of USA-A and USA-B applications in August 2026. In Q2 2026, TMC reported a net loss of $60.1 million, or $0.14 per share, missing analyst expectations, and continues to operate without revenue. The company secured additional financing of US$165 million for The Metals Royalty Company in August 2026 and signed key agreements with Allseas for a commercial collection system targeting Q4 2027 commissioning, and with Mariana Minerals and Eco Minerals for onshore processing and offshore survey capabilities. Insider trading activity included various divestments by corporate officers, with the most recent sales occurring in June 2026.