TMC and Tonga Announce Updated Sponsorship Agreement for Tonga Offshore Mining Ltd

(Image credit: TMC)
The Government of the Kingdom of Tonga and its sponsored entity, Tonga Offshore Mining Ltd, together with TMC the metals company Inc. (TMC)—a leading developer of the world’s largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure—announced the signing of a revised Sponsorship Agreement, updating the terms of the Agreement signed between the parties in 2021.

The Agreement guarantees the Kingdom of Tonga will continue to receive existing financial benefits, training and capacity-building programs, and in-country community and social programs it receives today, while ensuring that, in consideration for its continued sponsorship of TOML, Tonga will receive continuity benefits upon the commencement of commercial production by TOML or another TMC subsidiary.

Tonga remains committed to sponsoring TOML, working with the International Seabed Authority (ISA), and meeting all obligations as a sponsoring State under international law.

Tonga’s Minister for Lands, Survey, Planning and Natural Resources, Hon. Dr. ‘Uhila Moe Langi Fasi, commented: “We welcome TOML’s willingness to strengthen its commitments through this agreement. It marks an important step toward ensuring that seabed minerals activities contribute meaningfully to Tonga’s long-term development goals—with transparency, fairness, and environmental care at the core.”

Tonga was one of the first Developing States to sponsor a polymetallic nodule exploration contract and has taken a leading role in shaping the deep-sea mining industry.

Gerard Barron, Chairman and CEO of TMC, added: “For over a decade, it has been our privilege to work alongside the Government and people of the Kingdom of Tonga—one of the earliest and most committed supporters of this new industry. Tonga’s leadership has been instrumental in advocating for the responsible development of deep-sea minerals.

“We are proud to renew our partnership at this exciting moment, as Tonga helps re-shape the way the world produces the key resources underpinning economic and global development. Together, we are determined to ensure that Tonga receives lasting, transparent benefits for all Tongans. We will always be guided by science, driven by shared values, and grounded in a deep respect for and vision to protect the ocean. The journey ahead holds immense potential, and we look forward to walking it hand in hand with Tonga.”