The Metals Royalty Company has listed on Nasdaq under ticker TMCR, offering investors a royalty exposure to TMC’s NORI deep-sea polymetallic nodule project in the Pacific Ocean targeting nickel, cobalt and copper. Chief executive Brian Paes-Braga positions the structure as a conventional mining royalty model applied offshore, with returns linked to future production from nodules on the Clarion-Clipperton-type seabed rather than equity in TMC (NASDAQ: TMCWW). For mining financiers and project developers, the move signals growing capital-market appetite for seabed resource plays despite unresolved regulatory and production-risk questions.

Uranium Energy Corp has started production at its Burke Hollow project in Texas, the first new US in-situ recovery (ISR) uranium operation in more than a decade and now the country’s largest ISR wellfield, with measured and indicated resources above 6.15 million lb on a 20,000-acre property. The Vancouver-based miner now runs two active ISR operations, adding Burke Hollow to Christensen Ranch in Wyoming, with a third planned at Ludeman next year. ISR solutions from Burke Hollow will be piped to the Hobson Central Processing Plant, licensed for up to 4 million lb U₃O₈ per year.

Gold jumped as much as 3% to a three-week high above $4,850/oz after the US and Iran agreed a two-week ceasefire, easing fears that Middle East-driven oil price spikes would lock in higher inflation and delay US Federal Reserve rate cuts. Prices are still down about 9% since the war began and remain below the near-$5,600/oz record hit earlier in 2026, with analysts warning the rebound is fragile and highly sensitive to any breakdown around the Strait of Hormuz. Longer term, Goldman Sachs and Wells Fargo maintain bullish targets of $5,400/oz and $6,300/oz respectively.