The Metals Company calls video of mining waste dumped into the sea misinformation as stock sinks

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Mining international waters is in the spotlight as companies and countries are looking at minerals concentrated on the ocean floor that can be used in batteries for smart phones and electric vehicles. The resource is now estimated at four megatons (Mt) measured, 341Mt indicated and 11Mt inferred mineral resources.

The two videos released Monday show deep-sea sediment overflowing into the ocean from the deck of the company’s 228-meter-long former drill ship, Hidden Gem.

In a technology description on its website, the company said sediment is expected to be discharged back onto the seafloor within a few hundred meters.

The company described the incident as “a minor overflow,” and said some sediment and fragments of nodules poured out of the separator and over the deck of the ship intermittently during a…

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