# The Metals Company acquires Tonga Offshore Mining Limited for seabed exploration rights

The Metals Company acquired Tonga Offshore Mining Limited (TOML), gaining exploration rights to a 74,713 km² block in the Clarion Clipperton Zone with an inferred resource of 756 million wet tonnes of polymetallic nodules.

- Type: Acquisition
- Announced: 2020-04-07
- Where: Clarion Clipperton Zone, Pacific Ocean, Tonga
- Status: completed
- Products: polymetallic nodules
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [The Metals Company](https://endata.com/companies/46404.md) (acquirer)
- [Tonga Offshore Mining Limited](https://endata.com/companies/46405.md) (target)
- [Deep Sea Mining Finance Limited](https://endata.com/companies/46406.md) (partner)

## Sources

- [metals.co](https://metals.co/deepgreen-acquires-third-seabed-contract-area-to-explore-for-polymetallic-nodules/), 2020-04-07: "The acquisition of a third exploration area...makes The Metals Company a front-runner in a new industry that promises to reshape how critical battery metals are sourced."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.