TMC The Metals Company is engaged in the exploration and development of polymetallic seabed resources to provide sustainable minerals for the global transition to a low-carbon economy
The company focuses on harvesting essential metals like nickel, cobalt, and copper from the ocean floor, which are critical components for batteries and renewable energy technologies. TMC aims to create a new supply chain for these metals through responsible and environmentally conscious practices, positioning itself as a provider of alternative sources to traditional land mining operations. By leveraging advanced technology and innovative approaches, the company seeks to meet the growing demand for these vital resources while minimizing ecological impacts.
The Canadian mining company announced that it made an application with the U.S. Department of Commerce for exploration licenses and permits to extract resources from the ocean floor.
Seabed mining is a controversial topic due to its environmental impacts, but it is seen as inevitable by companies due to the valuable battery metals found on the ocean floor.
Impossible Metals CEO leaning towards offtake agreements over public listing to fund ocean floor mining robot development. Controversy and challenges remain.
