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TMC and Allseas signed the Contract for Development Work and Commercial Production this morning (May 11, 2026). This is the world's first commercial nodule collection system. Key points: * **3.0 Mtpa production capacity** through the Hidden Gem surface vessel and two collector vehicles operating at 4km depth * **Allseas will fund a significant portion of development costs**, recoverable through future production revenues. This is non-dilutive for TMC and shows their largest strategic shareholder doubling down with skin in the game …
— ORIGINAL POST ·
$TMC and Allseas Sign Commercial Agreement. Allseas To CoFund The Worlds First Commercial Nodule Collection System
· r/wallstreetbets
· May 11, 2026