From GlobeNewswire: 2025-03-27 16:01:00

In 1980, the U.S. Congress passed the Deep Seabed Hard Mineral Resources Act to allow for exploration and commercial recovery of deep-sea minerals. The Metals Company has initiated a process with NOAA to apply for permits under this legislation, citing a stable and enforceable regulatory path in the U.S. The company has invested heavily in understanding and developing a responsible approach to deep-sea mining. Despite the International Seabed Authority not adopting regulations, The Metals Company is confident in the U.S. regulatory framework. The Company remains committed to serving all stakeholders and plans to submit applications to NOAA in the second quarter of 2025.



Read more at GlobeNewswire: The Metals Company to Apply for Permits under Existing U.S.