It’s not often that I comment on stock market news (I am sure this must be the first time). But this is newsworthy!

A company that has been at the forefront of efforts to get deep sea mining under way, The Metals Company (TMC), received a delisting notice from the NASDAQ stock exchange on December 5. It had traded below US$1 per share at its closing bid price for the previous 30 days, sparking the delisting. Moreover, it is losing important investments.

Greenpeace USA takes up the story in a December 7 press release:

Greenpeace Aotearoa campaigner James Hita, who was in México to peacefully confront the ‘Hidden Gem’ – the TMC-commissioned deep sea mining ship – as it returned from test mining in the Pacific Ocean to the port of Manzanillo, México, says the falling stock price and delisting notice is another clear signal to investors in…