NOAA Determines The Metal Company USA's Consolidated Application For Exploration License And Commercial Recovery Permit Is In Compliance
Benzinga Newsdesk 6 months ago
GovernmentRegulations
Full compliance represents a key milestone in the regulatory approval process for TMC USA's consolidated exploration and commercial recovery applicationTMC USA's consolidated application submitted earlier this year
- Full compliance represents a key milestone in the regulatory approval process for TMC USA's consolidated exploration and commercial recovery application
- TMC USA's consolidated application submitted earlier this year covers areas previously applied for in April 2025 and increases the commercial recovery area from ~25,000 to ~65,000 km2, with an estimated resource of 619 million tonnes (Mt) of wet nodules and potential exploration upside of an additional 200 Mt
- NOAA's updated regulatory framework allows applicants with exploration-phase data to submit a consolidated application for both an exploration license and commercial recovery permit, supporting a more efficient permitting timeline
- Determination of full compliance represents another step along the path of regulatory milestones that the Company expects will result in a permit before the end of Q1 2027