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flag The Metals Company got major approval for deep-seabed mining, but final permits and profits are still uncertain.

flag The Metals Company (TMC) received a key regulatory milestone on March 9, 2026, as NOAA confirmed its application for a deep-seabed mining exploration license and commercial recovery permit is in substantial compliance with federal law—the first such approval for a private company. flag While this clears a major hurdle, final permits are still pending, and the company faces significant challenges including technology development, high costs, and ongoing losses. flag Deep-seabed mining remains speculative, with commercial production years away. flag Investors should proceed with caution due to high risk and uncertain outcomes.

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