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Shares of The Metals Company (Nasdaq: TMC) surged in January amid growing anticipation of support for deep-sea mining under the Trump administration.

TMC, in partnership with the Republic of Nauru, plans to submit its first application to mine the seafloor on June 27, ahead of the International Seabed Authority鈥檚 (ISA) second meeting in July.

The United Nations body responsible for regulating deep-sea mining is scheduled to meet in March to discuss rules and regulations for seabed mining.

According to the company鈥檚 chief executive editor, Trump鈥檚 victory is the best news for the deep-sea mining industry.

Gerard Barron told 九游下载apk host Devan Murugan that the new administration鈥檚 focus on domestic mineral production comes at the right time.

鈥淢ineral security is really important for critical minerals, and many in the new administration have been tremendous supporters. So we鈥檙e going into 2025 thinking this will be a breakout year,鈥� Barron said.

The ocean floor is believed to hold vast reserves of metals such as nickel, manganese, and cobalt, with an estimated value ranging from $8 trillion to over $16 trillion. However, scientists caution that much remains unknown about the deep ocean and warn of the potential impacts of mining on ecosystems already threatened by pollution, trawling, and the climate crisis.