Trillions of metal-rich nodules lie in the Clarion Clipperton Zone, valuable for clean energy. Scientists warn that deep-sea mining threatens over 5,000 species and marine life. The Metals Company aims to mine these nodules, gaining momentum after a presidential executive order supporting mining rights. The order emphasizes the economic and energy security benefits of extracting these critical minerals. As demand for batteries grows, The Metals Company, with significant investments from Silicon Valley, has seen its stock surge; it applied for a mining permit for a vast area of ocean floor.
The Metals Company, based in Canada, created a U.S. subsidiary to mine Clarion Clipperton, and received a major boost in April when President Donald Trump issued an executive order asserting America's right to mine beneath the ocean wherever it chooses.
Vast offshore seabed areas hold critical minerals and energy resources - key to strengthening our economy, securing our energy future, and reducing dependence on foreign suppliers, said the order, which specifically mentioned polymetallic nodules.
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