Memorandum of Understanding

Key points

  • Interoceanmetal announced the signing of a Memorandum of Understanding creating a new partnership.
  • The counterparty is described as a pioneer in offshore mining and a leader in marine minerals industry development.
  • The stated aim is to deliver minerals for the Green Shift in a responsible and sustainable way.
  • IOM frames the nickel, manganese and cobalt in deep-sea nodules as a supplement and potential substitute for land based ores.

Szczecin (Poland) The Interoceanmetal Joint Organization is pleased to announce the signing of a Memorandum of Understanding, establishing a partnership with a company known as a pioneer in offshore mining and a leader in marine minerals industry development. It is our joint effort to deliver minerals for the Green Shift in a responsible and sustainable way. Battery metals (nickel, manganese, cobalt) contained in deep-sea polymetallic nodules represent an effective supplementary resource and potential substitute for land based ores in the years to come.

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