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Project Vault Puts TMC The Metals In Focus For Future Returns

Simply Wall St·02/07/2026 13:05:46
Listen to the news
  • The U.S. government has launched Project Vault, a national reserve program focused on rare earth elements and critical materials.
  • TMC the metals (NasdaqGS:TMC), which targets deep sea mineral resources, is positioned as a primary corporate beneficiary.
  • The initiative coincides with recent public and private capital commitments directed toward TMC the metals.
  • Project Vault is designed to support domestic supply security and reduce reliance on foreign sources of key inputs.

TMC the metals, listed on NasdaqGS:TMC, is focused on sourcing critical minerals from deep sea polymetallic nodules, an area that has drawn attention as governments look for alternatives to traditional land based mining. With the launch of Project Vault, the company is now closer to the center of a policy effort aimed at building a more resilient supply chain for rare earths and related materials.

For you as an investor, Project Vault and the recent funding into TMC the metals represent a material development that could influence how the company moves toward potential commercialization. The combination of policy support and fresh capital may affect project timelines, customer relationships, and how TMC positions itself alongside more established producers of critical minerals.

Stay updated on the most important news stories for TMC the metals by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on TMC the metals.

NasdaqGS:TMC Earnings & Revenue Growth as at Feb 2026
NasdaqGS:TMC Earnings & Revenue Growth as at Feb 2026

How TMC the metals stacks up against its biggest competitors

Investor Checklist: What Project Vault Means For You

Quick Assessment

  • ✅ Price vs Analyst Target: At US$6.41 against a US$11.00 consensus target, the price sits about 42% below analyst expectations.
  • ⚖️ Simply Wall St Valuation: The valuation model is currently marked as unknown, so you do not have a clear under or overvaluation signal yet.
  • ❌ Recent Momentum: The 30 day return of roughly a 15% decline flags weak short term momentum despite the Project Vault news.

Check out Simply Wall St's in depth valuation analysis for TMC the metals.

Key Considerations

  • 📊 Project Vault ties TMC more closely to U.S. supply security efforts, which could matter for future offtake deals and funding conversations.
  • 📊 Watch how the share price trades relative to the US$11.00 target and whether new contracts or reserve purchases emerge from the program.
  • ⚠️ Key risks include zero current revenue, negative net income of US$295.5m, and a history of shareholder dilution alongside volatile trading.

Dig Deeper

For the full picture including more risks and rewards, check out the complete TMC the metals analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.