Mentioned:
One of the most ambitious publicly listed companies in mining is raising a fresh round of funding.
What’s happening:
- The Metals Company (NASDAQ: TMC) is raising $37M USD in a new strategic equity financing round
Why it matters:
- The Metals Company just recently became the first publicly traded company in American history to apply for a commercial recovery permit for deep sea minerals in the high seas under United States regulations
Going deeper:
- The new financing round is led by Hess Capital founder Michael Hess and entrepreneur and investor Brian Paes-Braga
- The White House has been aggressively advancing policy reform around mining in America, including embracing both deep sea mining and critical minerals exploration as well as even launching a formal study into the risks around relying on foreign countries for the supply of rare earth elements
