TMC shares soar as NOAA backs seabed mining plan
- •Hey everyone, just caught this article about TMC and NOAA and wanted to get your take.
- •TMC shares soar as NOAA backs seabed mining plan .
- •So, NOAA has basically said TMC's application is compliant and it looks like a permit could be on the table by early 2027.
Hey everyone, just caught this article about TMC and NOAA and wanted to get your take. TMC shares soar as NOAA backs seabed mining plan. So, NOAA has basically said TMC's application is compliant and it looks like a permit could be on the table by early 2027. My first thought is obviously about the environmental impact – seabed mining is a pretty hot-button issue, right? But then, as someone who diversifies a bit into materials and future tech, the potential for securing these critical minerals is also pretty compelling. It's a real double-edged sword.
I've been watching the deep-sea mining space with a bit of trepidation and curiosity for a while now. My retirement portfolio has a small allocation to a couple of ETFs that touch on industrial metals, so any movement in supply and demand definitely pings my radar. My wife and I are thinking about our grandkids' future, and the need for these metals for things like EVs and renewable energy storage isn't going away. It feels like we're at a crossroads – do we go for these resources from the ocean floor, or continue to rely on traditional, equally impactful land-based mining? It's a tough call, balancing innovation with conservation.
What are your thoughts on this? Does NOAA's backing make you more or less confident in TMC specifically, or the deep-sea mining industry in general? Are any of you already invested in this sector, or considering it now that there seems to be some regulatory progress? I'm curious to hear how you're weighing the risks and potential rewards here, both from an investment standpoint and a broader societal perspective.