Located in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean in-between Hawaii and San Diego, the NORI concession covers approximately 74,830 km² at depths of 4,000-6,000 meters. Operated by TMC the metals company Inc. (NASDAQ: TMC), NORI hosts polymetallic nodules containing four metals the United States has designated as critical to energy security, defense, and reindustrialization. TMC filed the first consolidated U.S. commercial deep-seabed mining application in January 2026.
Royalty Overview
2.00% gross overriding royalty ("GORR") on all metals and minerals at NORI areas
TMC the metals company Inc. (NASDAQ: TMC)
Clarion Clipperton Zone (CCZ) of the Pacific Ocean in-between Hawaii and San Diego
Nickel, Copper, Cobalt and Manganese
Q4 2027
Commercial recovery permit

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