<p><strong>TMC the metals company Inc. </strong>(NASDAQ:TMC) stock rose on Monday after the company signed an agreement with <strong>Allseas </strong>to develop and operate a commercial deep-sea nodule collection system.</p>



<h2>TMC And Allseas Advance Nodule Recovery</h2>



<p>The agreement covers the development, commissioning, and operation of the recovery system in the Clarion Clipperton Zone of the Pacific Ocean. Allseas will fund a significant portion of development costs, recoverable through future production revenues.</p>



<p>The system will include two collector vehicles, launch and recovery systems, the production vessel Hidden Gem, and a transfer vessel.</p>



<p>TMC designed the operation to produce 3.0 million wet tonnes annually using a four-kilometer riser system.</p>



<h2>Engineering Timeline Moves Forward</h2>



<p>Allseas has completed conceptual and basic engineering for key long-lead components, including the riser pipe and launch systems.</p>



<p>Tendering and vendor engagement are expected to begin soon, with subcontract awards targeted by the end of the third quarter of 2026.</p>



<p>TMC expects commissioning to begin in the fourth quarter of 2027.</p>



<h2>Strategic Alliance Continues</h2>



<p>The companies began their strategic alliance in 2019 and completed a pilot recovery test in 2022, during which 3,000 tonnes of nodules were lifted to the surface.</p>



<p>&#34;This Agreement with Allseas is now the contractual cornerstone of our strategic alliance with Allseas,&#34; said <strong>Gerard Barron</strong>, Chairman and CEO of The Metals Company.</p>



<h2>TMC Technical Analysis: Momentum And Key Support Levels</h2>



<p>The stock is trading 14.5% above its 20-day SMA. This positioning signals bullish short-term momentum for the stock.</p>



<p>However, the stock remains below its 100-day SMA of $6.14 and 200-day SMA of $6.26.</p>



<p>The MACD is above its signal line, indicating downside pressure is easing. The trend also suggests momentum is improving as the stock rebounds from recent lows.</p>



<ul>
<li><strong>Key Resistance</strong>: $6.50 — a nearby level where rebounds can stall, tied to a round-number area.</li>



<li><strong>Key Support</strong>: $5.50 — a nearby level where buyers previously stepped in, reflecting a recent pivot zone.</li>
</ul>



<h2>TMC Earnings Preview And Analyst Outlook</h2>



<p>TMC is set to report earnings on May 14, 2026 (confirmed).</p>



<ul>
<li><strong>EPS Estimate</strong>: Loss of 5 cents (Up from Loss of 6 cents)</li>



<li><strong>Revenue Estimate</strong>: $0.00 Million (Up from $0.00 Million)</li>
</ul>



<p><strong>Analyst Consensus &amp; Recent Actions:</strong> The stock carries a Strong Buy rating with an average price forecast of $8.00. Recent analyst moves include:</p>



<ul>
<li><strong>Wedbush</strong>: Outperform (Raises forecast to $10.00) (May 4)</li>
</ul>



<h2>How TMC Ranks On Momentum Versus The Market</h2>



<p>Below is the Benzinga Edge scorecard for TMC, highlighting its strengths and weaknesses compared to the broader market:</p>



<ul>
<li><strong>Momentum</strong>: Strong (Score: 76.31) — Stock is outperforming the broader market.</li>
</ul>



<p><strong>The Verdict:</strong> TMC’s Benzinga Edge signal points to a momentum-driven story, suggesting strong performance relative to peers.</p>



<h2>TMC Stock Price Today: Shares Trade Higher</h2>



<p><strong>TMC Price Action:</strong> TMC shares were up 6.84% at $6.09 at the time of publication on Monday, according to Benzinga Pro data.</p>



<p><em>Photo by nattapon supanawan via Shutterstock</em></p>

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<p>TMC shares surged 6.8% following a deal with Allseas to develop a deep-sea nodule collection system. The stock is trading 14.5% above its 20-day SMA, indicating strong momentum. The agreement includes significant funding from Allseas and aims for annual production of 3 million wet tonnes. TMC is set to report earnings on May 14, 2026, with an EPS estimate of a 5-cent loss. Analysts rate the stock as a Strong Buy, with a price forecast of $8.00, reflecting positive momentum compared to the broader market.</p>

Why Is TMC Stock Gaining Monday?