The Metals Company Seeks Deep-Sea Mineral Exploration Permits in U.S. Waters

The Metals Company

Company Targets Resource-Rich Clarion Clipperton Zone for Nickel, Copper, and Cobalt

The Metals Company has formally applied for U.S. deep-sea mineral exploration permits, following a policy shift under a new executive order. The Canada-based firm submitted its applications to the National Oceanic and Atmospheric Administration (NOAA) under the Deep Seabed Hard Minerals Resources Act (DSHMR) of 1980. The request includes a commercial recovery permit for a 25,160km² section of the Clarion Clipperton Zone (CCZ), a mineral-rich region in the Pacific Ocean.

Strategic Executive Order Accelerates U.S. Seabed Mining Policy

The application comes after U.S. President Donald Trump signed an executive order directing agencies to fast-track seabed mineral extraction. This move could pave the way for the first commercial deep-sea mining permit issued by the U.S. government. NOAA has approved only four exploration licenses in the CCZ since 1984, and none for commercial use. Meanwhile, Lockheed Martin currently holds two active exploration permits in the zone.

Massive Resource Potential in International Waters

In addition to the commercial permit, The Metals Company applied for two exploration permits totaling 199,985km². These areas are estimated to contain 15.5 million tonnes of nickel, 12.8 million tonnes of copper, 2 million tonnes of cobalt, and 345 million tonnes of manganese. However, the International Seabed Authority (ISA) has reaffirmed its jurisdiction over the area, stating that exploitation regulations are still under development and may be finalized in the ongoing session.

The Metalnomist Commentary

The Metals Company’s bid for deep-sea mineral exploration permits underscores growing geopolitical competition over seabed resources. While U.S. executive action could accelerate domestic mining, international regulation by the ISA may create jurisdictional tension in this strategically vital region.