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The Metals Company welcomes growing awareness from political and military leaders about the potential of deep-sea nodules to strengthen national security and the shore supply chain for a clean energy transition, Canadian Business Journal.

  • In a letter to the U.S. Department of Defense last week, 17 retired generals, admirals, and officers of four U.S. services have been unable to cope with important domestic mineral reserves and processing capacity decades in the United States. Warning that it remains very vulnerable to supply chain shocks, as the Pentagon considers responsible development of CCZ’s vast multi-metal nodule resources.
  • As part of the Government’s Vision 2030 Investment Plan, French President Emmanuel Macron has invested more than € 300 million in deep-sea mineral exploration to understand the potential for environmental impact and ensuring mineral independence. The Indian government below has allocated $ 600 million. “Deep sea mission” including investment to carry out necessary resource definition work in the multi-metal nodule contract area of ​​the Indian Ocean
  • Senator Lisa Murkowski (R-AK), the ideological leader in energy and key mineral issues in the U.S. Senate, told Energy Secretary Jennifer Granholm on Clarion’s focus on ensuring access to battery raw materials. He urged us to explore the possibilities of multi-metal nodules. -Clipperton Zone (CCZ)

New York, February 28, 2022 (GLOBE NEWSWIRE) — The Metals Company (NASDAQ: TMC) (“Company” or “TMC”), Low Impact Battery Metal Explorer from Submarine Polymetal Nodules, Today Western Politics And military leaders on the growing awareness of the potential of multi-metal nodules on the seafloor to strengthen important domestic mineral supply chains for clean energy conversions.

Seventeen senior U.S. military officials, including former Director of National Intelligence Dennis Blair, said in a letter to the U.S. Secretary of Defense: Modern aerospace and defense systems need to include a robust and secure supply chain under US control. “

In a letter attached to a LinkedIn post by former commander Kirk Lippoled, the officer wrote: The development of multi-metal nodules found on the ocean floor of US territory and international waters off the coast of the United States as a potential game changer for important US mineral supply lines and domestic processing opportunities. “

In a letter to US Secretary of Energy Jennifer Granholm earlier this month, Senator Lisa Murkowski (R-AK) said, “New and abundant sources such as multi-metal knots go to US mineral security. We will provide you with a way to go. “

Senator Murkowski added in the letter: United States of America. I think we can collect the multi-metal nodules in the Clarion Clipperton Zone of the Pacific Ocean that are not attached to the ocean floor and supply enough nickel, copper, cobalt, and manganese to electrify the world’s vehicles several times. I understand. “

Gerard Barron, Chairman and CEO of The Metals Company, said: This does not have to indicate what will happen for a clean energy conversion. International support for multi-metal nodules from political thinkers and military communities recognizing the potential of submarine minerals to re-shore the supply chain, re-industrialize the economy and at the same time mitigate the social and environmental impacts of the land. It is encouraging to hear the growing chorus. Base mining. “

Meanwhile, as part of the Vision 2030 investment program, the French government has invested more than € 300 million to support deep-sea exploration of multi-metal nodules. At the One Ocean Summit last week, France’s Secretary-General Dennis Robin reaffirmed the country’s commitment, and a recent call for a moratorium of such activities “veils ignorance” about what is happening under the sea. Added: “There is nothing justified to stop collecting this information,” said French President Emmanuel Macron last October, when deep-sea exploration was carried out in these remote areas. He said it is an integral part of understanding life and can also provide “access to specific rare metals”.

France has two seafloor mineral exploration contracts with the International Seabed Authority. A multi-metal baby boomer contract in the Clarion Clipperton Zone (CCZ) in the Pacific Ocean and a multi-metal sulfide contract in the Mid-Atlantic Ridge. France’s commitment to investing in deep-sea exploration reflects similar investments by many other sovereign states. In July last year, the Government of India under President Modi undertook a “deep sea mission” over the next five years, including investment to carry out the necessary resource definition work in the multi-metal baby boomer contract area of ​​the Central Indian Ocean Basin (CIOB) 6 Allocated 100 million dollars. Develop an integrated nodule collection system. Investing in deep-sea exploration is also a national priority for China, with CCZ having three more multi-metal baby boom contracts than any other country. Other countries that directly hold exploration contracts or sponsor private business contracts at CCZ include the United Kingdom, Belgium, Jamaica, South Korea, Russia, and TMC sponsors, the Republic of Nauru, the Republic of Kiribati, and the Kingdom. It is included. Tonga.

These latest interventions follow the White House’s previous 100-day supply chain review released last year, raising battery-grade nickel to “critical” status and establishing domestic nickel refining capacity a top priority. Selected as. Production and purification. The review also pointed out the possibility that submarine nodules “provide an important future source of strategic and important materials” such as nickel and cobalt. According to Mining.com, multi-metal nodules raised from the ocean floor can be shipped anywhere in the world for processing and as the world’s largest nickel development project. — — The Metals Company’s NORI-D Multimetal Nodule Project has the potential to help rebuild the mineral supply chain, which is important for clean energy conversion.

About The Metals Company

TMC the metal company Inc. (The Metals Company) is an explorer of battery metals that is less affected by multi-metal nodules on the ocean floor and has two missions: (2) Accelerate the transition to a circulating metal economy. Through its subsidiaries, the company holds exploration rights to three multi-metal baby boomer contract areas in the Clarion Clipperton Zone of the Pacific Ocean, regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. For more information, please visit www.metals.co.

Description of future prospects
The specific statements contained in this press release are not historical facts, but rather forward-looking statements aimed at safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements usually include “believe,” “may,” “do,” “estimate,” “continue,” “expect,” “intend,” and “expect.” “Should”, “do”, “plan”, “predict”, “potential”, “see”, “seek”, “future”, “outlook”, and future events and trends A similar expression that is not a prediction or indication of, or a description of historical matters. These forward-looking statements carry significant risks and uncertainties, and actual results may differ materially from those described in the forward-looking statements. Most of these factors are beyond the control of TMC and are difficult to predict. Factors that can make such a difference include, but are not limited to: Regulatory uncertainty and the impact of government regulation and political instability on TMC’s resource activities. Changes to any of the laws, rules, regulations, or policies to which the TMC applies. The impact of widespread and costly environmental requirements on the operation of TMC. Environmental Debt; Impact of multi-metal nodule collection on the biodiversity of CCZ and the recovery rate of affected ecosystems. TMC’s ability to develop sufficient grades or quantities of minerals to justify commercial activity. Lack of development of multi-metal nodule deposits on the seafloor; uncertainties in mineral resource calculations from specific contract areas and estimates of grade and quality of multi-metal nodule deposits. Risks associated with natural disasters; Uncertainties regarding the special treatment and treatment of multimetal nodules that the TMC may recover. Risks associated with collective, development and processing operations. Fluctuations in shipping costs; equipment testing and manufacturing. Risks associated with TMC’s limited operational history. The influence of the COVID-19 pandemic. Risks related to TMC’s intellectual property. And other risks and uncertainties (including those contained in the “Risk Factors” section) were finalized with the US Securities and Exchange Commission (“SEC”) on August 12, 2021. Included in prospectus and final power of attorney. The combination is the TMC’s quarterly report on Form 10-Q for the quarter ended September 30, 2021 submitted by the TMC to the SEC on November 15, 2021, and other documents to be submitted to the SEC in the future. It is described in. The TMC warns that the list of factors mentioned above is not exclusive. TMC warns readers not to place undue reliance on forward-looking statements that are stated only as of the date they were created. The TMC publicly publishes updates or revisions to its forward-looking statements to reflect changes in its expectations or the events, conditions, or circumstances underlying such statements, except where necessary. We do not take or accept any obligations or promises. By law.


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The Metals Company welcomes growing awareness from political and military leaders about the potential of deep-sea nodules to strengthen national security and the shore supply chain for a clean energy transition, Canadian Business Journal.

Source link The Metals Company welcomes growing awareness from political and military leaders about the potential of deep-sea nodules to strengthen national security and the shore supply chain for a clean energy transition, Canadian Business Journal.

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