In a move many have been watching for, a billion-dollar deep-sea mining deal has been made: American Ocean Minerals and Odyssey Marine Exploration have agreed to merge and create a U.S.-based deep‑sea minerals company. The combined firm will keep the American Ocean Minerals name. The transaction is still pending shareholder and regulatory approvals. The companies say the combined platform will…
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Mining the deep sea will take more than a political proclamation
by Matteo G. Crow On April 24, 2025, the Trump administration issued an executive order (EO) intended to boost the deep-sea mining industry and to address “unprecedented economic and national security challenges in securing reliable supplies of critical minerals independent of foreign adversary control.” Historically, China has accounted for a majority of all global critical mineral production. Unfortunately, like many…
Read MoreDeep-sea mining plans on hold
U.N.-backed regulator Council of the International Seabed Authority ruled out any immediate permission for deep-sea mining to begin after a meeting in Jamaica ended without agreement on how to regulate the industry, reported Reuters. “What seems crystal clear is that the majority of states feel very uneasy about a license being granted before the regulations are in place, enough scientific…
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