Shares of The Metals Company (TMC) surged 8.14% in intraday trading, demonstrating strong investor confidence despite facing significant international opposition to its seabed mining plans. The company's stock performance comes as a surprise given recent developments that could potentially hinder its ambitious projects.

According to recent reports, nearly 40 nations, including major powers such as China, Russia, and India, have voiced their opposition to The Metals Company's intentions to initiate seabed mining in the Pacific Ocean. Despite this pushback, the company is pressing forward with its plans, applying for exploration licenses and permits from the U.S. Department of Commerce to extract minerals from the ocean floor.

The stock's significant rise suggests that investors may be optimistic about The Metals Company's chances of securing the necessary approvals, despite the international resistance. Speculators might be betting on the potential economic benefits of seabed mining, should the company successfully navigate the regulatory challenges. However, it remains to be seen how the opposition from multiple nations will impact the company's long-term prospects and whether it will be able to commence its controversial seabed mining operations as planned.