Oleblue
2 months ago
Dear Stakeholders,
April marked a turning point—not just for TMC, but for the future of critical minerals—as the U.S. issued a landmark Executive Order on deep-sea mining and TMC submitted the world’s first commercial application to recover polymetallic nodules under U.S. law.
This submission—covering a commercial recovery permit and two exploration licenses—represents a major step forward for the industry. We’re applying over ground we know well, supported by decades of research, offshore campaigns, environmental studies, and SEC-compliant Technical Resource statements.
With this foundation, TMC USA offers a shovel-ready pathway to unlock critical minerals vital for U.S. energy, infrastructure, and defense. We welcome NOAA’s fair, flexible, and transparent regulatory approach, and look forward to contributing to its NEPA-compliant Environmental Impact Statement development.
We believe that the impacts are minimal, manageable, and the start of responsible operations is fast approaching.
Kind regards,
The Metals Company
World First: TMC USA Submits Application for Commercial Recovery of Deep-Sea Minerals in the High Seas Under U.S. Seabed Mining Code
Following last week’s?Executive Order, ‘Unleashing America’s Offshore Critical Minerals and Resources’,?TMC USA submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act (DSHMRA) and NOAA implementing regulations which form the U.S. seabed mining code.
Read the Press Release
TMC Welcomes U.S. Executive Order to Expedite Permitting and Evaluate Offtake of Critical Minerals from Nodules in the High Seas
On April 25, 2025, President Trump signed the Executive Order 'Unleashing America’s Offshore Critical Minerals and Resources', a major step toward securing domestic supplies of seabed-derived critical minerals. The order directs the Commerce Secretary to fast-track permitting under DSHMRA, the U.S. law passed in 1980.
It also calls on the International Development Finance Corporation, Export-Import Bank, and Trade and Development Agency to explore support tools for the industry. The Departments of Defense and Energy are tasked with evaluating nodule procurement for the National Defense Stockpile, reviewing domestic processing capacity, and assessing use of the Defense Production Act.
The order further directs a joint assessment—led by Commerce, State, Interior, and Energy and in coordination with allies—on the feasibility of a seabed benefit-sharing mechanism.
TMC CEO Testifies In Congress
TMC CEO Gerard Barron recently testified in front of the House Natural Resources Oversight and Investigations Subcommittee on “Exploring the Potential of Deep-Sea Mining to Expand American Mineral Production”. Gerard highlighted the abundant, unattached polymetallic nodule resource as a platform to secure new supplies of critical minerals essential for U.S. infrastructure, defense, energy, and technology—and to drive reindustrialization across shipbuilding, port infrastructure, minerals processing, and manufacturing
Gerard told lawmakers, “With seabed minerals, America can end critical mineral dependence; reclaim leadership in offshore innovation; inspire generations of American engineers, scientists, and mariners; and create over 100,000 American jobs and generate over $300 billion in GDP.”
Gerard also directed the Committee to his written submission “for a detailed rebuttal of common environmental myths used to confuse the public.”
Rutger Bosland, Pioneering Engineer and Technical Lead on Development of TMC’s Nodule Collection System, Joins Company to Drive Commercial Readiness
On April 15, 2025, we announced that Rutger Bosland, the engineer and technical lead who oversaw the design, build, and successful test deployment of Allseas’ integrated nodule collection system, had joined the Company as Chief Innovation and Offshore Technology Officer (CIOTO). Rutger will lead offshore innovation and efforts to scale our technologies for commercial production. He brings world-class expertise in deep-sea mining, naval architecture, and offshore operations to TMC, having led a team of 80+ engineers in developing TMC’s pilot nodule collection system, and Allseas’ program to scale up nodule collection technology in preparation for TMC’s commercial operations.
Roland Berger: Deep-sea mining – A Promising Critical Mineral Solution
A new report by consultancy firm Roland Berger finds deep-sea mining “offers major advantages over terrestrial mining “from a strategic, economic and environmental perspective. With deep-sea minerals expected to have a significant impact on supply and demand for numerous minerals, the report argues “countries and companies dependent on critical minerals should review their stance on deep-sea mining and consider stronger engagement to de-risk their supply chains."
The Economist – Donald Trump is Right to Go After Metals in the Deep Sea
The Economist has long been a trusted source for Presidents and global leaders alike — when it speaks, people listen. The latest Leader, the paper’s second article on deep-sea mining in a week, is a standout example of quality, independent journalism.
"There is a strong argument that deep-sea collection will be better for the environment than mining on land. It will cause the release of less carbon dioxide and it will do less harm to rare species and precious habitat."
The Economist – A Trump Executive Order Will Unleash a Global Deep-sea Mining Boom
The Economist notes how the recent Executive Order provides the U.S. with an invaluable opportunity to regain its leadership in deep-sea mining and pave the way for responsible operations to begin.
“And the ISA, despite years of effort, is little closer to coming up with its own mining rules. Here, a growing number of policymakers and executives now say, is a chance for America to take back the initiative and help shape the international rules of the coming seabed boom.”
New York Times – Days After Trump Commits to Seabed Mining, Two Sides Face Off
The New York Times published a good write up of the recent Congressional hearing and highlighted comments from Dr Thomas Peacock, Director of the Environmental Dynamics Laboratory?at MIT and a leading expert on the behaviour of sediment plumes, who stated that “research indicates that some of the proposed impacts of nodule mining may not be as severe as speculated”, and that sediment plume concentrations were “roughly the equivalent of a grain of sand in a fishbowl.”
Gerard Barron Speaks with Bloomberg TV
Gerard recently sat down with Alix Steel at Bloomberg for a live television interview in which he discussed America’s return to leadership in deep-sea mining since first pioneering the industry in the 1970s, and to the extensive research that has been carried out by NOAA and private contractors like TMC in the decades since. Backed by decades of environmental research and with three NOAA applications now submitted, it's time for responsible operations to begin.
This document contains links to third-party websites that are not owned or controlled by The Metals Company. The Metals Company has no control over, and assumes no responsibility for the content, privacy policies, or practices of any third-party websites, and does not adopt the disclosure on these websites as its own. You acknowledge and agree that The Metals Company shall not be responsible or liable, directly, or indirectly, for any damage or loss allegedly caused by any content available on or through third-party websites, including any statements or information used or relied upon from these third-party websites. We strongly advise you to read the terms and conditions and privacy policies of any third-party websites that you visit.
Copyright © 2024 The Metals Company, All rights reserved.
Our mailing address is:
The Metals Company
1111 West Hastings St
15th Floor
Vancouver, BC V6E 2J3
Canada
The Metals Company is committed to supplying lower impact metals for renewable energy and electric vehicle batteries.
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