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TMC signs commercial agreement with Allseas for first nodule collection system

PUBT·05/11/2026 12:42:54
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TMC signs commercial agreement with Allseas for first nodule collection system
  • TMC signed Contract for Development Work and Commercial Production with Allseas to develop, commission, operate first commercial nodule collection system for planned recovery in Clarion Clipperton Zone.
  • System designed for nameplate capacity of 3,000,000 wet tonnes per annum, using two collector vehicles operating at depths of more than 4 kilometers, with surface vessel Hidden Gem receiving nodules.
  • Allseas to fund significant portion of development costs, with recovery through production revenues.
  • Concept and basic engineering for long-lead items completed, with subcontract awards expected by end of Q3 2026.
  • Commissioning expected to start in Q4 2027.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TMC the metals company Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605110842PRIMZONEFULLFEED9717397) on May 11, 2026, and is solely responsible for the information contained therein.