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Deep-sea mining race heats up as Canada’s The Metals Company bypasses UN rules, seeks US backing
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AI Summary
The Metals Company (TMC) CEO, Gerard Barron, is confident they will be the first to commercially mine deep-sea minerals, aiming to start within the next year with help from a Trump-era executive order. TMC bypassed the International Seabed Authority, applying directly to the US for a permit to mine polymetallic nodules in the Pacific's Clarion-Clipperton Zone. They have a production vessel ready and a process for extracting nickel, copper, cobalt, and manganese. Barron anticipates production sooner than expected.
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