Lockheed Martin Reclaims Pacific Seabed Rights
Lockheed Martin (NYSE: LMT) is exploring partnerships to develop its two dormant Clarion-Clipperton Zone seabed mining licenses.
A Miner Goes Bust, Another Goes Solo as Progress on U.N. Seabed Rules Stalls
Loke Marine Minerals, which raised $30 million since 2019, filed for bankruptcy amid stalled progress on seabed mining rules.
ISA: «Organisational performance improvements have been comprehensive, with reassurance from UKSR’s new parent company regarding their commitment to advancing exploration activities and meeting contractual obligations for the contract area.»
The ISA reported no non-compliances found in its December 2023 inspection of UKSR's UK Seabed Resources II exploration contract.
Acquiring licences in the Pacific Ocean
Loke Marine Minerals acquired UK Seabed Resources from Lockheed Martin UK, gaining two Clarion Clipperton Zone nodule licenses.
KONGSBERG – new cornerstone investor
Norway's Kongsberg Gruppen became Loke Marine Minerals' third cornerstone investor and technology partner, adding a new board member.
Loke has completed first phase of Concept Select testing of Nodule Collector for minimum plume generation
Loke completed first-phase testing of a nodule collector concept that cut seabed sediment removal by over 90%.
Loke Marine Minerals partners with TechnipFMC, Wilh. Wilhelmsen and NorSea Group
Loke Marine Minerals secured NOK 85 million from TechnipFMC, Wilh. Wilhelmsen, and NorSea Group in a NOK 115 million placement.
Innovation Norge provides financial support
Loke Marine Minerals received Innovasjon Norge funding for a pre-project on sustainable marine minerals exploration methods.