Key points
- Green Minerals reported a second-half 2025 loss of about $2 million, roughly 80% lower than a year earlier, and cut full-year spending about 75% to around $4 million.
- A Norwegian minority government has blocked the first deep-sea mining licensing round, a delay the company says could last up to four years, while the US fast-tracks its own licensing process after an April 2025 executive order.
- Green Minerals holds a Clarion Clipperton Zone license of more than 70,000 square kilometers with an estimated 200 million tons of wet nodules, on which $40 million has been spent on exploration.
- At a $10,000 copper price, management estimates one production system could generate about $175 million in annual EBITDA from copper alone, rising to roughly $500 million at current copper prices.
