US EditionThe Metals Company and Nauru Sign Updated Sponsorship Agreement to Advance Deep-Sea Mining Plans
2 Articles
2 Articles
Paris, France. The exploitation of the seabed to extract minerals arouses opposition but also some caution among the big multinationals, while the United States is preparing to grant a first permit to the Canadian company The Metals Company, in the Pacific.About 4,000 meters deep are pebbles rich in manganese, cobalt and nickel (main ingredients of electric batteries) and copper (useful for electrical cables).The environmental organization WWF l…
The Metals Company and Nauru Sign Updated Sponsorship Agreement to Advance Deep-Sea Mining Plans
The Metals Company (Nasdaq: TMC) and the Government of Nauru have announced a revised Sponsorship Agreement for Nauru Ocean Resources Inc. (NORI), updating the original 2017 terms to reflect ongoing regulatory delays and the evolving landscape of international seabed mining. The updated agreement reaffirms Nauru’s support for NORI’s exploration and future commercial activities in the Clarion-Clipperton Zone of the Pacific Ocean. It preserves exi…
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