Gerard Barron, CEO of The Metals Company (NASDAQ: TMC), testified before the US Congress, emphasizing the strategic importance of deep-sea minerals in strengthening American industrial capacity and reducing dependence on foreign critical mineral sources.
Barron highlighted that polymetallic nodules found on the ocean floor contain vital metals such as nickel, cobalt, and manganese, key components in electric vehicle batteries and renewable energy systems. He argued that responsibly harvesting these minerals from the seabed could help the US secure critical supply chains and maintain a competitive technological edge.
His testimony supports TMC’s broader vision of developing deep-sea mining capabilities. The company has applied for commercial recovery of seafloor minerals and is advocating for a robust regulatory framework that ensures sustainable and ethical practices.
Barron stressed that advancing domestic capabilities in this sector could position the US as a global leader in offshore mineral innovation and support national economic and energy goals.
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