← TMC the metals overview

TMC the metals vs Guangdong HongDa Blasting: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

TMC the metals company Inc (TMC)

Q3 2026
▲2▼2

TMC's regulatory path advances, but losses and analyst caution weigh

  • Tribunal orders ISA to protect TMC subsidiaries' due process An international tribunal unanimously ordered the International Seabed Authority to respect the due process rights of TMC's subsidiaries NORI and TOML. This reduces the risk that regulatory delays or unfair treatment could block TMC's deep-sea mining plans, making the stock less risky for investors.

    This is a new, concrete legal win that directly lowers regulatory risk, a key driver of TMC's value.

  • NOAA advances TMC's mining application to certification stage NOAA moved TMC's consolidated application into the certification stage, with a licensing decision expected by early 2027. TMC and partner Allseas also signed a commercial agreement for a nodule collection system. This progress brings commercial mining closer, supporting the stock's long-term potential.

    This is a new operational and regulatory milestone that moves TMC closer to actual mining, a major positive catalyst.

  • Analyst recommends selling TMC amid regulatory uncertainty An analyst at The Motley Fool recommended selling TMC, citing the International Seabed Authority's failure to finalize exploitation regulations. While a recent tribunal order removed some uncertainty, TMC still needs formal approval for commercial extraction. This adds selling pressure and highlights the stock's high risk.

    This is a new analyst sell call that directly influences investor sentiment and TMC's price.

  • TMC reports $60.1 million Q2 net loss TMC reported a net loss of $60.1 million for Q2 2026, though narrower than last year's $74.3 million. Exploration expenses jumped to $56.1 million due to a $37.2 million Allseas settlement. The company has $98.7 million cash and no debt, but ongoing losses raise funding concerns.

    This is a new financial report showing continued losses and high spending, which can pressure the stock.

July 2026
▲2▼2

TMC's regulatory path advances, but losses and analyst caution weigh

  • Tribunal orders ISA to protect TMC subsidiaries' due process An international tribunal unanimously ordered the International Seabed Authority to respect the due process rights of TMC's subsidiaries NORI and TOML. This reduces the risk that regulatory delays or unfair treatment could block TMC's deep-sea mining plans, making the stock less risky for investors.

    This is a new, concrete legal win that directly lowers regulatory risk, a key driver of TMC's value.

  • NOAA advances TMC's mining application to certification stage NOAA moved TMC's consolidated application into the certification stage, with a licensing decision expected by early 2027. TMC and partner Allseas also signed a commercial agreement for a nodule collection system. This progress brings commercial mining closer, supporting the stock's long-term potential.

    This is a new operational and regulatory milestone that moves TMC closer to actual mining, a major positive catalyst.

  • Analyst recommends selling TMC amid regulatory uncertainty An analyst at The Motley Fool recommended selling TMC, citing the International Seabed Authority's failure to finalize exploitation regulations. While a recent tribunal order removed some uncertainty, TMC still needs formal approval for commercial extraction. This adds selling pressure and highlights the stock's high risk.

    This is a new analyst sell call that directly influences investor sentiment and TMC's price.

  • TMC reports $60.1 million Q2 net loss TMC reported a net loss of $60.1 million for Q2 2026, though narrower than last year's $74.3 million. Exploration expenses jumped to $56.1 million due to a $37.2 million Allseas settlement. The company has $98.7 million cash and no debt, but ongoing losses raise funding concerns.

    This is a new financial report showing continued losses and high spending, which can pressure the stock.

Latest
▲2▼2

TMC's regulatory path advances, but losses and analyst caution weigh

  • Tribunal orders ISA to protect TMC subsidiaries' due process An international tribunal unanimously ordered the International Seabed Authority to respect the due process rights of TMC's subsidiaries NORI and TOML. This reduces the risk that regulatory delays or unfair treatment could block TMC's deep-sea mining plans, making the stock less risky for investors.

    This is a new, concrete legal win that directly lowers regulatory risk, a key driver of TMC's value.

  • NOAA advances TMC's mining application to certification stage NOAA moved TMC's consolidated application into the certification stage, with a licensing decision expected by early 2027. TMC and partner Allseas also signed a commercial agreement for a nodule collection system. This progress brings commercial mining closer, supporting the stock's long-term potential.

    This is a new operational and regulatory milestone that moves TMC closer to actual mining, a major positive catalyst.

  • Analyst recommends selling TMC amid regulatory uncertainty An analyst at The Motley Fool recommended selling TMC, citing the International Seabed Authority's failure to finalize exploitation regulations. While a recent tribunal order removed some uncertainty, TMC still needs formal approval for commercial extraction. This adds selling pressure and highlights the stock's high risk.

    This is a new analyst sell call that directly influences investor sentiment and TMC's price.

  • TMC reports $60.1 million Q2 net loss TMC reported a net loss of $60.1 million for Q2 2026, though narrower than last year's $74.3 million. Exploration expenses jumped to $56.1 million due to a $37.2 million Allseas settlement. The company has $98.7 million cash and no debt, but ongoing losses raise funding concerns.

    This is a new financial report showing continued losses and high spending, which can pressure the stock.

Q2 2026
▲3▼1

TMC Advances U.S. Deep-Sea Mining Permits, But Remains Pre-Revenue

  • NOAA Certification Advances U.S. Exploration License TMC's U.S. subsidiary received formal NOAA certification for its USA B exploration license covering 122,000 square kilometers. This regulatory step moves the company closer to harvesting deep-sea nodules, potentially bypassing international hurdles. For a pre-revenue firm, such progress supports the stock by raising the odds of future production.

    This is a concrete regulatory milestone that directly affects TMC's path to revenue.

  • U.S. Government Support Could Accelerate Permits The Trump administration's push for mineral self-reliance and Defense Department interest in critical minerals may lead to federal grants or fast-tracked approvals. This reduces regulatory risk and could speed up TMC's timeline, making the stock more attractive to investors betting on domestic supply.

    Government backing is a key catalyst that can de-risk TMC's regulatory and funding challenges.

  • Competition Highlights TMC's Pre-Revenue Status Analysts note that MP Materials is already profitable with an operating U.S. mine, while TMC is years away from full operations and unprofitable. This contrast may steer investors toward safer rare-earth plays, pressuring TMC's stock as it competes for capital in a high-risk sector.

    Competitive positioning directly influences investor sentiment and capital flows into TMC.

  • Retail Enthusiasm and Long-Term Demand Backdrop Retail investors are touting TMC as a breakout stock, and the IEA projects rare-earth demand to rise 50-60% by 2040. While this boosts short-term sentiment, TMC remains pre-revenue with execution risks, so the impact is speculative and may not reflect fundamentals.

    Retail hype and demand trends can drive price in the near term, but the speculative nature warrants caution.

June 2026
▲3▼1

TMC Advances U.S. Deep-Sea Mining Permits, But Remains Pre-Revenue

  • NOAA Certification Advances U.S. Exploration License TMC's U.S. subsidiary received formal NOAA certification for its USA B exploration license covering 122,000 square kilometers. This regulatory step moves the company closer to harvesting deep-sea nodules, potentially bypassing international hurdles. For a pre-revenue firm, such progress supports the stock by raising the odds of future production.

    This is a concrete regulatory milestone that directly affects TMC's path to revenue.

  • U.S. Government Support Could Accelerate Permits The Trump administration's push for mineral self-reliance and Defense Department interest in critical minerals may lead to federal grants or fast-tracked approvals. This reduces regulatory risk and could speed up TMC's timeline, making the stock more attractive to investors betting on domestic supply.

    Government backing is a key catalyst that can de-risk TMC's regulatory and funding challenges.

  • Competition Highlights TMC's Pre-Revenue Status Analysts note that MP Materials is already profitable with an operating U.S. mine, while TMC is years away from full operations and unprofitable. This contrast may steer investors toward safer rare-earth plays, pressuring TMC's stock as it competes for capital in a high-risk sector.

    Competitive positioning directly influences investor sentiment and capital flows into TMC.

  • Retail Enthusiasm and Long-Term Demand Backdrop Retail investors are touting TMC as a breakout stock, and the IEA projects rare-earth demand to rise 50-60% by 2040. While this boosts short-term sentiment, TMC remains pre-revenue with execution risks, so the impact is speculative and may not reflect fundamentals.

    Retail hype and demand trends can drive price in the near term, but the speculative nature warrants caution.

▲3▼1

TMC Advances U.S. Deep-Sea Mining Permits, But Remains Pre-Revenue

  • NOAA Certification Advances U.S. Exploration License TMC's U.S. subsidiary received formal NOAA certification for its USA B exploration license covering 122,000 square kilometers. This regulatory step moves the company closer to harvesting deep-sea nodules, potentially bypassing international hurdles. For a pre-revenue firm, such progress supports the stock by raising the odds of future production.

    This is a concrete regulatory milestone that directly affects TMC's path to revenue.

  • U.S. Government Support Could Accelerate Permits The Trump administration's push for mineral self-reliance and Defense Department interest in critical minerals may lead to federal grants or fast-tracked approvals. This reduces regulatory risk and could speed up TMC's timeline, making the stock more attractive to investors betting on domestic supply.

    Government backing is a key catalyst that can de-risk TMC's regulatory and funding challenges.

  • Competition Highlights TMC's Pre-Revenue Status Analysts note that MP Materials is already profitable with an operating U.S. mine, while TMC is years away from full operations and unprofitable. This contrast may steer investors toward safer rare-earth plays, pressuring TMC's stock as it competes for capital in a high-risk sector.

    Competitive positioning directly influences investor sentiment and capital flows into TMC.

  • Retail Enthusiasm and Long-Term Demand Backdrop Retail investors are touting TMC as a breakout stock, and the IEA projects rare-earth demand to rise 50-60% by 2040. While this boosts short-term sentiment, TMC remains pre-revenue with execution risks, so the impact is speculative and may not reflect fundamentals.

    Retail hype and demand trends can drive price in the near term, but the speculative nature warrants caution.

Guangdong HongDa Blasting Co Ltd (002683.CS)

Q3 2026
▲3▼1

Buyback, dividend and defense-unit growth lift HongDa, but cash outflow widens

  • Chairman-backed buyback plan The chairman proposed buying back 50-100 million yuan of shares for staff incentives, later confirmed with a bank loan covering up to 90%. Buybacks shrink the shares in circulation and signal management thinks the stock is cheap, which supports the price.

    The buyback is the main fresh capital action behind the stock and shows insider confidence.

  • First-half profit and dividend First-half revenue rose 10.79% to 10.14 billion yuan and net profit rose 3.23% to 520 million yuan, with a cash dividend of 2 yuan per 10 shares proposed. Steady earnings plus a payout give investors a reason to hold the stock.

    The interim results and dividend are the period's core fundamental news for the stock.

  • Defense equipment revenue jumps Revenue from the defense equipment business reached 510 million yuan, up 533.79% from a year earlier, mainly from the newly added subsidiary Dalian Changzhilin. A fast-growing new business can lift future profit expectations and support the share price.

    The defense segment surge is the strongest growth driver disclosed in the interim report.

  • Operating cash outflow widens Operating cash flow was negative 913 million yuan, much worse than negative 226 million yuan a year earlier, even as profit grew. That means cash is leaving the business faster than it comes in, a real warning sign that can weigh on the stock.

    It is the main counterweight in the results and balances the positive profit headline.

August 2026
▲3▼1

Buyback, dividend and defense-unit growth lift HongDa, but cash outflow widens

  • Chairman-backed buyback plan The chairman proposed buying back 50-100 million yuan of shares for staff incentives, later confirmed with a bank loan covering up to 90%. Buybacks shrink the shares in circulation and signal management thinks the stock is cheap, which supports the price.

    The buyback is the main fresh capital action behind the stock and shows insider confidence.

  • First-half profit and dividend First-half revenue rose 10.79% to 10.14 billion yuan and net profit rose 3.23% to 520 million yuan, with a cash dividend of 2 yuan per 10 shares proposed. Steady earnings plus a payout give investors a reason to hold the stock.

    The interim results and dividend are the period's core fundamental news for the stock.

  • Defense equipment revenue jumps Revenue from the defense equipment business reached 510 million yuan, up 533.79% from a year earlier, mainly from the newly added subsidiary Dalian Changzhilin. A fast-growing new business can lift future profit expectations and support the share price.

    The defense segment surge is the strongest growth driver disclosed in the interim report.

  • Operating cash outflow widens Operating cash flow was negative 913 million yuan, much worse than negative 226 million yuan a year earlier, even as profit grew. That means cash is leaving the business faster than it comes in, a real warning sign that can weigh on the stock.

    It is the main counterweight in the results and balances the positive profit headline.

Latest
▲3▼1

Buyback, dividend and defense-unit growth lift HongDa, but cash outflow widens

  • Chairman-backed buyback plan The chairman proposed buying back 50-100 million yuan of shares for staff incentives, later confirmed with a bank loan covering up to 90%. Buybacks shrink the shares in circulation and signal management thinks the stock is cheap, which supports the price.

    The buyback is the main fresh capital action behind the stock and shows insider confidence.

  • First-half profit and dividend First-half revenue rose 10.79% to 10.14 billion yuan and net profit rose 3.23% to 520 million yuan, with a cash dividend of 2 yuan per 10 shares proposed. Steady earnings plus a payout give investors a reason to hold the stock.

    The interim results and dividend are the period's core fundamental news for the stock.

  • Defense equipment revenue jumps Revenue from the defense equipment business reached 510 million yuan, up 533.79% from a year earlier, mainly from the newly added subsidiary Dalian Changzhilin. A fast-growing new business can lift future profit expectations and support the share price.

    The defense segment surge is the strongest growth driver disclosed in the interim report.

  • Operating cash outflow widens Operating cash flow was negative 913 million yuan, much worse than negative 226 million yuan a year earlier, even as profit grew. That means cash is leaving the business faster than it comes in, a real warning sign that can weigh on the stock.

    It is the main counterweight in the results and balances the positive profit headline.