TMC the metals company: It's All Politics Now
Summary
- TMC the metals company faces significant political hurdles in obtaining a mining license for deep-sea manganese nodules, despite solving technical challenges.
- TMC's financial stability hinges on capital infusions, with a recent $19.9 million offering providing short-term liquidity but not funding through to production.
- The environmental movement and international bureaucracy are major obstacles, delaying the establishment of mining regulations and potentially preventing TMC from obtaining necessary licenses.
- The valuation of TMC is highly dependent on political outcomes; without a license, the company is overvalued, but with a license, it holds substantial value.
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