$TMC USA Files First Consolidated Deep Seabed Mining Application, Increasing Expected Commercial Recovery Permit Area to 65,000 km2

* Application is the first consolidated exploration license and commercial recovery permit application submitted under NOAA’s new consolidated application and review process—which the Company expects will reduce permitting timelines for companies with completed exploration programs—in line with [Executive Order 14285](https://www.globenewswire.com/Tracker?data=mFyFphT09sOSPAxuK_zLMkGC5_nmHQ5c5qnwW-ZZT22-6-sxNa0b2E5gvroG4GWeckS2CfJpxT_933c5UCGwvn1ANLYwc6qOdYYJ3EzK_VJWSMFtuukVx1huYtZWGXRVP1UjmFcKntPZoYHMvgqPy7VMQB1tuonJV9BoNZxU4gSvwT2S9OgFhcyTxxl4_SBsVV0ZKcjn7WHYSYm9T4QPqQ==), *‘Unleashing America’s Critical Offshore Minerals and Resources’* * The consolidated application covers areas previously applied over in April 2025 and increases the commercial recovery area from \~25,000 to \~65,000 km^(2), with an estimated resource of 619 million tonnes (Mt) of wet nodules and a potential exploration upside of an additional 200 Mt * TMC USA applied under the new consolidated application process because it can demonstrate the scientific, technical and financial capability to pursue commercial recovery activities expeditiously and in accordance with the new rule * Supported by newly published, peer-reviewed research drawing on the Company’s test mining and recovery data—which demonstrates that both benthic [biodiversity](https://www.globenewswire.com/Tracker?data=bzr_HC9AZGB_k00NSReSpCGfYL6pa2OaN7EvLl40TtFjNc7G2FAhyq2HHPUA2YiwM557suCJeR2iZJKYq8PIKK29TTN-xqM4u8dcEvhIA2XtbhxYeSz4SDEPqmgXU9yq) and [sediment plume impacts](https://www.globenewswire.com/Tracker?data=PzggKC_ExY5ogCG4FxoVov4fDw2X-h2jnsCStNq5liO8hML8I_R5E4ajAZ98dCL6mvckiJKhaem3VcmXPT2mGdPlLly_LkYifhtL_GNHSeqvs-FWjJ9YFeh9dZTTRi12) are confined to the directly mined area—TMC USA is confident that its dataset provides a robust, scientifically grounded basis to commence and responsibly scale commercial operations