Pilot collector vehicle at NORI. (Image by The Metals Company)
The Metals Company (Nasdaq: TMC), released Monday a Technical Report Summary (TRS) of the Pre-Feasibility Study (PFS) for its proposed NORI-D Polymetallic Nodule Project in the Clarion Clipperton Zone of the Pacific Ocean.
The report was prepared in accordance with SEC Regulation S-K (SK-1300) and The PFS marks a world-first declaration of Probable Mineral Reserves for deep-sea polymetallic nodules.
The Canadian miner, which has exclusive access to the Nori Clarion-Clipperton Zone, in March formally initiated a process under the US Department of Commerce to apply for exploration licenses and permits to extract minerals from the ocean floor.
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…
