Following successful completion of the pre-feasibility exercise, TMC and PAMCO have entered into a binding memorandum of understanding (MOU) where PAMCO will complete a feasibility study to process 1.3 million tonnes of wet polymetallic nodules (PMN) per year to produce lithium-ion battery and steel making feedstocks as part of the NORI-D Project Zero development This [...]
NEW YORK, July 31 (Korea Bizwire) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed a letter from Congressional leaders and several members of the House Armed Services Committee urging the Biden Administration to assess domestic processing [...]
The report [see p.59] noted that “to counter China’s growing hold on the global supply chain, it is essential that the United States secures its own innovative supply of critical and strategic minerals and materials, including polymetallic nodules, to decrease reliance on sources from foreign adversaries.” The House Armed Services Committee directed the Assistant Secretary of Defense [...]