The Metals Company Lands New Certification For Deep Sea Mining Exploration

The Metals Company is coming after the opportunity in deep sea mining. And now, they’ve just landed a new regulatory certification in the United States.

What’s happening:

• The United States National Oceanic and Atmospheric Administration has formally certified The Metals Company's (NASDAQ: TMC) USA B exploration license application for deep sea mining
  

Why it matters:‍

• The Metals Company’s USA B application area covers roughly 122,000 kilometres of seafloor and hosts an estimated 1.02B tonnes of polymetallic nodules
  

Going deeper:‍

• The Metals Company has been ramping up their exploration plans for deep sea mining lately, including striking a deal with offshore engineering giant Allseas to develop and operate a commercial nodule collection system to operate in the Clarion Clipperton Zone of the Pacific Ocean
  
• The Metals Royalty Company also just recently made waves on Wall Street when they successfully completed a direct listing on the Nasdaq with a 2% gross royalty on the NORI polymetallic nodule project which is controlled by The Metals Company
  

The fine print:‍

• The Metals Company still needs the United States National Oceanic and Atmospheric Administration to issue them an exploration license and a commercial recovery permit under the Deep Seabed Hard Mineral Resources Act before they can begin deep sea mining

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