【SMM Flash News】TMC Reports 2025 Net Loss Widening Amid Deep-Sea Mining Hub Expansion

Interconnect Malta (ICM) has launched a Preliminary Market Consultation (PMC) to assess the feasibility of importing 0.8 TWh of renewable energy annually from North Africa. The proposed project involves a subsea power link designed to supply approximately 25% of Malta’s total electricity demand based on 2025 figures. The government is seeking market interest and non-binding price estimates under a 25-year fixed-price Contract for Difference (CfD) mechanism, aiming to leverage North Africa’s solar and wind potential to bolster national energy resilience and carbon reduction goals.

European Energy has completed the sale of its Jonava renewable energy project in Lithuania to Energix – Renewable Energies. The massive hybrid development features a planned capacity of 470 MW, integrating 140 MW of onshore wind, 330 MWp of solar PV, and 320 MWh of energy storage. Construction is slated to begin shortly with full commercial operations targeted for 2027. This divestment highlights the company’s "develop-and-flip" model, successfully de-risking large-scale, grid-stable assets to recycle capital into its global pipeline of wind and solar projects.

Vale (NYSE: VALE) has announced a strategic goal to expand its copper and nickel reserves and resources in Canada and Brazil by 20% between 2024 and 2027. Following a strong 2025 performance, Vale reported that its total nickel reserves and resources rose 13% to 14 million tonnes, while copper increased 6% to 53 million tonnes. CEO Gustavo Pimenta highlighted that these organic growth pipelines are critical to the company’s decade-long plan to double copper output, positioning Vale to meet surging global demand from electrification and data infrastructure.