TMC Subsidiary, NORI Submits Deep-Sea Environmental Data Set To The ISA
Portfolio Pulse from Benzinga Newsdesk
TMC's subsidiary, NORI, has submitted a comprehensive environmental data set to the International Seabed Authority (ISA), detailing findings from the NORI-D exploration area up to January 2022. This submission includes extensive biological, seafloor imagery, and time-series data from three years of monitoring. It's part of a larger effort involving hundreds of terabytes of data collected over more than a decade, aimed at supporting NORI's application for an exploitation contract in the Clarion Clipperton Zone (CCZ).
May 13, 2024 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TMC's subsidiary NORI's submission of a comprehensive environmental data set to the ISA could positively impact TMC's stock by showcasing its commitment to environmental responsibility and advancing its application for an exploitation contract in the CCZ.
The submission of comprehensive environmental data by TMC's subsidiary NORI to the ISA is a significant step towards obtaining an exploitation contract in the CCZ. This move not only demonstrates TMC's commitment to environmental stewardship but also progresses its application, potentially unlocking vast resources of critical battery metals. Such developments are likely to be viewed positively by investors, as they indicate progress in TMC's core business activities and its potential for future revenue generation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100