TMC secures a strategic investment of $85.2 million from South Korea’s zinc and is working towards deep-sea mineral development

TMC The Metals Company Inc. (NASDAQ:TMC) is one of Best Performance Midcap Stock ever in 2025. On June 16th, TMC announced that Korea Zinc Co. Ltd., a global leader in nonferrous metal purification and precursor cathode active material (PCAM) technology, has agreed to invest in TMC.

The investment totals $85.2 million and is made through private placement, including the purchase of common stock and warrants. Under the contract, South Korea Zinc is expected to acquire 19.6 million shares at a closing price of $4.34 per share.

Aerial view of manned excavation rigs at a precious metal mine in the Americas.

Additionally, South Korea’s Zinc will receive a three-year warrant to purchase 6.9 million shares at a strike price of $7.00 per share. These warrants are configured to grant 0.35 warrant shares for additional consideration for each initial common stock purchased.

TMC The Metals Company Inc. (NASDAQ: TMC) is a deep-sea mineral exploration company that collects, processes and refines polymetallic nodules located on the California seabed.

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Disclosure: None. This article was originally published Insider Monkey.