COM - TMC the metals company: Korea Zinc Investment Bolsters Profitability And Scale Potential
2025-06-18 12:59:47 ET
TMC the metals company Overview
TMC the metals company Inc. ( TMC ) has continued to skyrocket, rising nearly 20% on Monday and opening 30% higher on Tuesday after Korea Zinc announced a $85 million strategic investment in the stock. The Korean company agreed to purchase 19.6 million shares of common TMC stock at $4.34 per share, along with a warrant to buy an additional 6.9 million shares at an exercise price of $7 per share. This makes Korea Zinc one of TMC's largest shareholders, with approximately 5% of its shares, having acquired the stock to enhance its long-term vertical integration....
TMC the metals company: Korea Zinc Investment Bolsters Profitability And Scale Potential