Korea Zinc Buys The Metals Company, TMC Stock Rallies 55%—Eyes $10 Breakout

Quick overview

Shares of TMC The Metals Company surged after it announced a major investment and strategic partnership with Korea Zinc, boosting hopes for further upside in the company’s critical minerals strategy.

TMC Stock Surges After Strategic Korea Zinc Deal

TMC The Metals Company Inc. (NASDAQ: TMC) saw a fresh wave of investor enthusiasm on Monday following news of a strategic $85.2 million investment from Korea Zinc, a global leader in non-ferrous metal refining and precursor cathode active material (pCAM) technology. The announcement marks a key milestone for TMC as it moves to accelerate its efforts to supply vital minerals for the U.S. energy and defense sectors.

TMC Stock Climbs 24% on Heavy Volume

After posting a strong 29% rally the previous session, TMC shares continued their momentum on Monday. The stock gapped higher at the open, starting the session at $6.04, surging to an intraday high of $7.26, and eventually closing at $6.75—up 24% for the day. After-hours trading showed further strength, with the stock quoted at $6.84.

TMC Stock Chart Daily – The 20 SMA Keeps Pushing Lows Higher

The bullish technical setup is supported by the 20-day simple moving average (SMA), which continues to act as a dynamic support on the daily chart. TMC’s rally has now reopened the door to testing key resistance levels near $10, last seen in 2021, with longer-term traders eyeing a potential return to all-time highs above $15.

$85M Strategic Investment from Korea Zinc

As part of the deal, Korea Zinc will acquire 19.6 million common shares at $4.34 per share, along with a three-year warrant to purchase an additional 6.9 million shares at $7. Once completed, Korea Zinc will hold approximately 5% of TMC’s outstanding shares.

The agreement is expected to close on June 26, 2025, and is being hailed as a strategic boost for TMC’s ambitions in securing seabed-sourced critical minerals—an increasingly important topic in U.S. energy and industrial policy.

Management Reaction and Strategic Outlook

“We are excited to welcome Korea Zinc as a strategic investor and partner on our journey to redefine how the U.S. sources critical minerals for energy, defense, manufacturing, and infrastructure,” said Gerard Barron, TMC’s chairman and CEO. He emphasized that the partnership will support both companies’ shared vision of a low-impact, high-efficiency supply chain for battery and clean energy technologies.

Conclusion: TMC Positioned for Further Breakout

With the Korea Zinc deal providing both financial backing and strategic validation, TMC appears well-positioned for sustained upside. The stock’s strong technical momentum, anchored by bullish chart support and renewed investor interest, could see it retesting multi-year highs—especially as investor focus shifts toward energy security and mineral independence in the U.S. market.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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