TMC subsidiary submits applications for recovery permit, exploration licenses

TMC announced that its U.S. subsidiary, The Metals Company (TMC) USA, has submitted applications for a commercial recovery permit and two exploration licenses under the Deep Seabed Hard Mineral Resources Act, DSHMRA, and National Oceanic and Atmospheric Administration, NOAA, implementing regulations which form the U.S. seabed mining code. The submission follows last week’s Executive Order, ‘Unleashing America’s Offshore Critical Minerals and Resources,’ which directs the Department of Commerce to expedite permitting and the Departments of Defense and Energy to explore using the National Defense Stockpile and offtake agreements to secure seabed minerals essential to U.S. industrial resilience.