Impossible Metals Appoints Mike Regan as Chief Growth Officer to Lead Capital Strategy and Growth
Impossible Metals named venture investor Mike Regan as Chief Growth Officer to lead capital strategy ahead of its Eureka III rollout.
Ask Me Anything (AMA) with Oliver Gunasekara and 2024 Annual Report Review
Key points Impossible Metals plans to test its Eureka 3 underwater collector robot in BGR’s exploration contract area, with operations expected around 2027. The company projects all-in sustaining costs of roughly $1,500 per metric ton of nickel, approximately one-tenth the cost of…
Webinar: Mining the Seabed – Potential Impacts on Supply Chains and Global Geopolitics
Key points RAND researchers Tom LaTourrette and Fabian Villalobos present a co-authored report analyzing seabed mining’s impact on critical mineral supply chains, terrestrial mining revenue, and geopolitics. The report projects nickel and cobalt demand could double, or rise as much as…
Testimony of Impossible Metals CEO and Co-Founder Oliver Gunasekara before the House Natural Resources
Impossible Metals CEO Oliver Gunasekara testified to Congress on deep-sea mining's potential to expand U.S. mineral output.
Impossible Metals Applies for Deep Sea Mining Lease in U.S. Federal Waters
Impossible Metals became the first firm to seek a BOEM deep-sea mining lease off American Samoa under a 1953 U.S. law.
Webinar: Deep Dive into the Updated Techno Economic Model
Key points Impossible Metals CTO/COO and co-founder Jason Gillham presents the V6 update to the company’s techno-economic model, noting changes from V5 including a shift in processing destination from North America to Japan and a switch in ship type from container to bulk carrier. The…
Guest Post: “The Elements of Deep Sea Mining” Podcast Episode with Eric Young & Oliver Gunasekara
Key points CEO and co-founder Oliver Gunasekara tells host Eric Young that Impossible Metals designed its nodule collection system from scratch, replacing the dredging tractors and riser systems used in deep sea mining since the 1970s with autonomous, battery-powered robots. The Eureka 3…
Presentation Summarizing the BGR EIS Regarding Testing Impossible Metals’ Eureka III pilot collector
Key points Impossible Metals and BGR announce the Eureka 3 pilot collector will not be ready for the early 2026 test as planned; the test is postponed to 2027 or 2028. Eureka 3 is a 6,000-meter-rated AUV about the size of a 20-foot shipping container, with 11 collection arms, a four-ton…
Webinar: On shore Processing of Seabed Minerals
Key points SGS piloted high-pressure acid leaching on CCZ polymetallic nodules and achieved 99% nickel recovery, mid-90s recovery for cobalt and copper, while selectively rejecting manganese, iron, and aluminum into the leach residue. Three hydrometallurgical routes are under consideration…