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Investing.com -- TMC The Metals Company stock jumped 16% after Chairman and CEO Gerard Barron hinted at significant upcoming disclosures in a social media post.
Barron took to X (formerly Twitter) after Friday’s market close to alert shareholders that Monday "will be so heavy on disclosure," creating anticipation that drove the stock higher. The CEO specifically mentioned that the company would release its PFS Technical Report Summary on the area for which TMC has applied for a Commercial Recovery Permit from the National Oceanic and Atmospheric Administration (NOAA).
"Since our PFS does not cover our total estimated resource, we have prepared an IA for the rest of the resource," Barron added in his social media message, referring to what appears to be an additional assessment of the company’s resource potential.
The deep-sea mining company, which focuses on polymetallic nodules containing battery metals and minerals, has seen extraordinary market performance this year. Prior to today’s move, TMC shares had already surged 424% year-to-date, reflecting strong investor interest in the company’s ocean floor mineral exploration activities.
Investors appear eager to review the technical documentation that could provide greater clarity on the commercial potential of TMC’s underwater mining projects.
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