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Stock impact report

World First: TMC and PAMCO Achieve a New Nodule Processing Milestone, Unlocking Critical Energy & Steelmaking Materials at Existing Facilities

TMC the metals company Inc. (TMC) 
Company Research Source: GlobeNewswire
TMC and PAMCO have successfully demonstrated the production flowsheet for its initial commercial production using a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.’s 2022 test mining, at PAMCO’s commercial operating facility in Hachinohe, JapanFollowing the commercial-scale production of calcine in September 2024, PAMCO engineers fed calcine material into the company’s 3,000 kVA DC electric-arc furnace where it was smelted into high-grade nickel-copper-cobalt alloy and manganese silicate productsThe manganese silicate is used to produce silicomanganese for steelmaking, which studies show has significant cost advantages over conventional manganese oresOver a 14-day continuous campaign, PAMCO successfully demonstrated the process, collected and analyzed data, confirmed process control set points, monitored furnace integrity, and gained operational experienceThis demonstration supports anticipated definitive processing agreements as TMC prepares t Show less Read more
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