TMC And SGS Produce Cobalt Sulfate From Deep-Seafloor Polymetallic Nodules
Portfolio Pulse from Benzinga Newsdesk
TMC the metals company Inc. (NASDAQ:TMC) and SGS Canada Inc. have successfully produced the world's first cobalt sulfate derived from deep-seafloor polymetallic nodules. This milestone demonstrates the viability of TMC's resource for battery and energy transition markets, and follows their recent production of nickel sulfate from similar sources.
June 12, 2024 | 12:14 pm
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TMC the metals company Inc. has successfully produced the world's first cobalt sulfate from deep-seafloor polymetallic nodules, showcasing the potential of their resource for battery and energy transition markets.
The successful production of cobalt sulfate from deep-seafloor polymetallic nodules is a significant achievement for TMC, indicating the viability of their resource for critical battery metals. This could positively impact TMC's stock price in the short term as it demonstrates progress and potential in a key market.
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