China’s Floating Platform Will Double as a Seabed Mining Proving Ground
China has begun building a 78,000-tonne floating platform that will serve as a seabed mining test range, completing by 2030.
TMCR Corporate Update Call May 2026
Key points TMCR’s newly announced 1% royalty on the Mesabi Metallics iron ore project is projected to generate $11-13 million a year, protected by a $150-per-ton price floor, with an option for an additional 1% and a right of first offer on another 2%. Operator SR Group has committed…
China Publishes Deep-Sea Mineral Atlas
China published a national atlas mapping deep-sea mineral deposits in the East China and Yellow Seas, built from two decades of research.
Webinar: Trends in Marine Robotics: Defense and Dual Use Drivers of a Dynamic Industry
Key points Ukraine’s uncrewed surface vehicles fundamentally altered naval warfare, with indigenous technology adopted by adversaries within a year and the country now developing underwater systems for sea-based commerce defense. Australia ordered dozens of Anduril autonomous…
American Ocean Minerals Chairman on $1B Merger to Rebuild U.S. Critical Minerals | Fox Business
Key points American Ocean Minerals (AOMC) has signed a definitive merger agreement with Odyssey Marine Exploration, creating a roughly $1 billion U.S.-controlled deep-sea minerals platform. Chairman Tom Albanese, former CEO of Rio Tinto, and CEO Mark Justh, formerly of JPMorgan and Goldman…
Fireside Chat Gerard Barron (TMC) & Brian Paes-Braga (TMCR)
Key points TMC has identified 1.6 billion tons of polymetallic nodules containing nickel, copper, cobalt, and manganese on the ocean floor 1,000 miles southwest of San Diego, representing 70% of known reserves of nickel, cobalt, and manganese globally. The company spent $700 million on…
China’s Bid for High Seas Treaty Secretariat Turns Technical Choice Into Strategic Fight
China is bidding to host the High Seas Treaty secretariat in Xiamen, backed by $70 million, challenging Chile and Belgium.
COB Webinar – Nodule Processing with Glomar Minerals – April 2026
Key points Cobalt Blue has formed a consortium with US-based Glomar Minerals to build a processing plant for polymetallic nodules from the Clarion Clipperton Zone, using exploration licenses that trace back to Lockheed Martin’s 1980s deep-sea nodule program. The plan calls for a…