The Metals Company (NASDAQ: TMC) has taken a major step toward commercial deep-sea mining by submitting an application through its US subsidiary to the National Oceanic and Atmospheric Administration (NOAA).
The application seeks permission to extract polymetallic nodules from the Clarion-Clipperton Zone in the Pacific Ocean, a seabed area abundant in critical minerals like nickel, cobalt, and copper. This move aligns with a US executive order aimed at securing access to critical minerals and reducing dependence on foreign supply chains.
The move positions The Metals Company at the forefront of the global transition to clean energy by targeting materials essential to electric vehicles, energy storage systems, and renewable infrastructure. The company is leveraging US domestic legal frameworks to proceed independently of the International Seabed Authority.
With its GSR1 vessel successfully completing multiple pilot collection campaigns, The Metals Company is demonstrating that deep-sea resource extraction can be both technically feasible and environmentally considerate. This application marks a step toward commercializing a cleaner, smarter approach to meeting the world’s rapidly growing demand for critical minerals.
For more information, visit www.metals.co.
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