$TMC

Trump said the US will invest about $3 billion in critical minerals projects to reduce reliance on China, citing a $1.4 billion DoD loan to Sila Nanotechnologies for silicon battery anodes and lithium cells, $400 million to Sunrise Energy Metals for scandium production, and other funding for Niron Magnetics, Ivanhoe Electric, and graphite mining. Executives from Rio Tinto, BHP, MP Materials and others attended.

Rare earth stocks rebounded as traders returned to critical-minerals themes. USA Rare Earth (USAR) rose about 11% on Friday and nearly 30% for the week, with earnings scheduled after the close Aug. 10. The Metals Company (TMC) also gained about 11% Friday and nearly 30% weekly, with a corporate update call set for Aug. 13.

Reuters reports President Donald Trump will meet critical-minerals mining executives Friday to expand US and allied supply and reduce reliance on China. The White House says minerals are needed to replenish depleted weapons stockpiles. Expected attendees include Rio Tinto, BHP, Freeport-McMoRan, MP Materials, USA Rare Earth, Energy Fuels, and The Metals Company, with agreements and MOUs planned.

Reuters reports that President Trump will host mining executives at the State Department to advance U.S. and allied critical mineral supply chains for defense. The White House cites depleted weapons inventories from the Iran conflict and aims to reduce reliance on China. Expected attendees include Rio Tinto, BHP, Freeport-McMoRan, MP Materials, USA Rare Earth, Energy Fuels, and The Metals Company.

The White House invited executives from US critical minerals firms, including Rio Tinto, BHP, Freeport-McMoRan, MP Materials, USA Rare Earth, Energy Fuels, US Antimony, Sunrise Energy Metals and The Metals Company, to a Friday meeting with President Donald Trump. Officials said the summit will highlight efforts to reduce China-dominated supply chains and may unveil deals and MOUs, with details pending.

The Metals Company (Nasdaq: TMC) said it will hold an audio-only conference call and virtual webcast on Aug. 13, 2026 at 4:30 p.m. ET to discuss second-quarter 2026 financial results and corporate updates. Registration is required for dial-in and webcast, with a replay posted about two hours after the event on its website.

The Metals Company said NOAA formally certified its USA B exploration license application, allowing NOAA to begin preparing an Environmental Impact Statement. TMC estimates the 122,000 sq km area holds about 1.02 billion tonnes of polymetallic nodules rich in nickel, cobalt, copper and manganese. The company’s shares rose sharply on the news.

The Metals Company, a Canada-based deep-sea mining firm, is leading efforts to mine polymetallic nodules in the Clarion Clipperton Zone, backed by venture capitalist Steve Jurvetson, who invested $5 million and is vice-chairman. A Trump executive order asserted U.S. rights to mine seabed areas, and The Metals Company USA filed permits with NOAA for about 10,000 sq miles. The company’s Nasdaq stock has more than tripled since the order amid environmental and legal challenges.

The article says China controls about 70% of rare-earth extraction and 90% of processing, citing The Motley Fool research, prompting U.S. efforts to expand domestic supply. It highlights MP Materials, including a DoD 10-year price protection minimum of $110/kg for NdPr and $400M convertible preferred plus warrants, and USA Rare Earth, citing $1.6B CHIPS financing and $2.8B Serra Verde acquisition. It flags TMC deep-sea mining regulatory risk.

TMC The Metals Company (NASDAQ: TMC) is a deep-sea mining firm targeting polymetallic nodules for battery metals. The article says NOAA advanced its consolidated application to certification in May, with a decision expected before end of Q1 2027. It also cites a deal with Allseas for a first commercial system (3 million wet metric tons per annum), expected to be commissioned in Q4 2027. TMC shares hit a 52-week low, down about 49% in 2026 after a 450% rise in 2025.