US Edition'No Doubt' Canadian Firm Will Be First to Extract Deep Sea Minerals: CEO
- On June 4, 2025, the Republic of Nauru and The Metals Company renewed a Sponsorship Agreement for deep-sea mineral extraction in the Clarion Clipperton Zone in the Pacific Ocean.
- This renewal follows ongoing exploration since 2014 and responds to delays by the International Seabed Authority in adopting exploitation regulations under UNCLOS, which have impeded commercial mining applications.
- The Clarion Clipperton Zone spans 4.5 million square kilometers and contains polymetallic nodules rich in cobalt, nickel, manganese, and copper essential for electronics and energy storage.
- Nauru's president David Adeang called the partnership with The Metals Company 'trusted and respectful' and highlighted a commitment to a responsible pathway serving as a model for developing states.
- The revised agreement aims to secure economic benefits and environmental safeguards for Nauruans while affirming their role as leaders in deep-sea mining amid global demand and regulatory uncertainty.
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Supported by Donald Trump, companies plan to extract raw materials from the deep sea, but there are unresolved technical hurdles.
·Zürich, Switzerland
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'No doubt' Canadian firm will be first to extract deep sea minerals: CEO
The head of submarine mining pioneer The Metals Company told AFP he had "no doubt" the Canadian firm would be the first to to extract coveted minerals from the deep seas, with help from Donald Trump.
·Missoula, United States
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The CEO of The Metals Company (TMC) Gerard Barron has "no doubt", his pioneering company in underwater mining exploration will be the first to extract the coveted minerals on the high seas, thanks to a boost from Donald Trump, he assures in a Thursday interview with the AFP in New York.
·Montreal, Canada
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