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The Metals Company becomes the first company in the world to mine underwater minerals by applying for a license in international waters

Andreea Lificiu

6 June 2025, 11:04

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Canada's The Metals Company (TMC) has applied for the first commercial mining permit in international waters, marking a major step in underwater mining. CEO Gerard Barron said his firm would gain unprecedented access to deep-sea resources, avoiding the involvement of the International Authority that regulates mining in international waters. TMC made the request through a US subsidiary, with the backing of Donald Trump.

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The Metals Company minerals mineral extraction

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