TMC CEO Testifies Before Congress: Deep-Sea Minerals Key to U.S. Industrial Future

  • CEO and Chairman Gerard Barron testified before the House Committee on Natural Resources on “Exploring the Potential of Deep-Sea Mining to Expand American Mineral Production”
  • Mr. Barron highlighted the abundant, unattached polymetallic nodule resource as a platform to secure new supplies of critical minerals essential for U.S. infrastructure, defense, energy, and technology—and to drive reindustrialization across shipbuilding, port infrastructure, minerals processing, and manufacturing
  • TMC USA announced last week that it submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA)

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest undeveloped resource of critical metals for infrastructure, defense, energy, and future technologies, today announced that its Chairman and CEO Gerard Barron testified before the U.S. House Natural Resources Subcommittee on Oversight and Investigations at a hearing titled, “Exploring the Potential of Deep-Sea Mining to Expand American Mineral Production” on April 29, 2025.

Subcommittee Chairman Paul A. Gosar (R-Ariz) opened the session, saying, “I challenge my colleagues in this room to think about the widespread economic, energy, technology and national security implications of deep-sea mining and about our duty to ensure the United States, with its world-best environmental, humanitarian and labor standards, leads the charge to harvest seafloor critical minerals.”

In his remarks as an expert witness for the House Majority at the Capitol Building hearing on Tuesday, TMC CEO and Chairman Gerard Barron emphasized that the United States must reclaim its leadership in deep-seabed mineral development to strengthen energy and supply chain security and reinforce national defense and manufacturing. He called attention to the strategic opportunity now before the country to responsibly unlock critical minerals from the deep seabed under existing U.S. law: by 1989, America had developed a robust regulatory regime for deep-seabed mining in the high seas that was fully consistent with international law, commercially viable, and environmentally responsible.

“From the 1880s to 1970, America was a mining and processing powerhouse. Since, domestic production sank, leaving America dangerously dependent on adversaries. We can change this, without sacrificing American landscapes or communities. Four days sailing from San Diego lies the Clarion-Clipperton Zone, where polymetallic nodules sit 2.5 miles deep on the seafloor. Rich in nickel, cobalt, manganese, and copper, these nodules hold more of these minerals than all known land-based reserves combined.”

Mr. Barron continued: “With seabed minerals, America can end critical mineral dependence; reclaim leadership in offshore innovation; inspire generations of American engineers, scientists, and mariners; and create over 100,000 American jobs and generate over $300 billion in GDP.”

Mr. Barron also directed the Committee to his written submission “for a detailed rebuttal of common environmental myths used to confuse the public.” In his written testimony, publicly available at this link, Mr. Barron lays out in detail how “real-world data dispels every catastrophizing claim made by environmental activists.”

Another expert witness, Dr. Thomas Peacock of MIT — one of the world’s leading experts on deep-sea sediment plume dynamics — also asked the Committee to be wary of misinformation. “I think the question I would like to be asked is, are the latest scientific findings being used to drive decisions and discussions about deep-sea mining…I think unfortunately it’s not the case. For example, we hear the topic of, ‘will deep-sea mining disturb carbon sequestration in the deep ocean? I think that was established in about 2020 that this is not an issue.”

Dr. Peacock, who has studied sediment plumes for 10 years, went on to detail the misconceptions about plumes travelling thousands of miles, and how that is “simply not the case.”

Just before the Oversight Subcommittee Hearing, TMC USA announced it had submitted the first-ever application for a commercial recovery permit for deep-sea polymetallic nodules under the U.S. Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA), marking a major milestone in establishing a U.S.-regulated supply of critical seabed minerals.

The United States has a long-established leadership role in regulating deep-sea mining. Through DSHMRA, Congress affirmed deep-seabed mining as a freedom of the high seas and empowered NOAA to regulate U.S. exploration and commercial recovery. NOAA then developed a robust regulatory framework—adopting exploration regulations in 1981 and commercial recovery regulations in 1989—supported by extensive stakeholder consultations, environmental studies, and seven reports to Congress. NOAA’s science-based, flexible approach ensures rigorous environmental oversight while enabling responsible development of emerging offshore industries.

About The Metals Company

The Metals Company is an explorer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for building infrastructure, power generation, transmission, and batteries with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at www.metals.co.

Contacts

Media | media@metals.co

Investors | investors@metals.co

Forward-Looking Statements

This press release contains “forward-looking” statements and information within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “aims,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “may,” “plans,” “possible,” “potential,” “will” and variations of these words or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s plans to apply for and pursue licenses and permits under the U.S. Deep Seabed Hard Mineral Resources Act (DSHMRA); the expected timing, process and outcome of any applications to the National Oceanic and Atmospheric Administration (NOAA); the strength, predictability, and enforceability of the U.S. regulatory regime; the potential for the United States to provide a viable permitting path for commercial recovery of deep-sea minerals; and the Company’s strategic, financial, and operational plans moving forward. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various factors, including, among other things: the Company’s strategies and future financial performance; the outcome of discussions and consultations with NOAA or other U.S. government officials; the Company’s ability to obtain required licenses and permits under DSHMRA or any other applicable U.S. laws or regulations; regulatory uncertainties and the impact of government regulation or political developments on the Company’s activities; the potential for legal or jurisdictional challenges to the Company’s rights or proposed operations in international waters; environmental risks and liabilities; the Company’s ability to develop sufficient data to support permit applications and satisfy environmental requirements; the Company’s ability to develop commercial operations, including onshore processing capabilities; risks associated with the Company’s limited operating history and need for additional financing; the outcome of discussions with other governments, regulators, stakeholders or contractors in the context of the Company’s international or ISA-based activities; and other risks and uncertainties, any of which could cause actual results to differ from those expressed or implied in the forward-looking statements. These risks are described in greater detail in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed on March 27, 2025. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether due to new information, future events, changed circumstances or otherwise, except as required by law.


TMC CEO Testifies Before Congress: Deep-Sea Minerals Key to U.S. Industrial Future


THỦ THUẬT HAY

Những Official Account cực kỳ hữu ích trên Zalo

Cũng tại đây bạn có thể tìm kiếm thông tin mình cần một cách nhanh chóng, từ tra cứu thông tin sức khỏe, lịch cắt điện, địa điểm tiêm chủng, địa điểm vui chơi, giải trí, địa điểm ăn uống...

Ứng dụng WinDynamicDesktop đã được phát hành cho Windows 10 trên Microsoft Store

Một tâm điểm của macOS Mojave vừa được Apple giới thiệu tại WWDC 2018 vừa qua là Dynamic Desktop. Với tính năng này, người dùng hoàn toàn có thể thay đổi màn hình nền của mình dựa theo từng thờid điểm trong ngày.

Ứng dụng này sẽ giúp bạn xóa phông ảo diệu như iPhone 7 Plus

Kể từ khi iPhone 7 Plus ra đời, phong trào chụp ảnh xóa phông trên di động đã nở rộ hơn bao giờ hết. Có nhiều ứng dụng giúp bạn xóa phông mà không cần đến iPhone 7 Plus hay một số smartphone có camera kép tương tự

Tổng hợp TOP 9 game quản lý bóng đá PC hay nhất hiện nay

Game quản lý bóng đá PC từ xưa đến nay đều thu hút rất nhiều game thủ yêu thích. Dưới đây là tổng hợp TOP 9 game quản lý bóng đá hay nhất hiện nay. 9 game quản lý bóng đá PC hay nhất hiện nay Là một người đam mê bóng

Hướng dẫn xem trực tiếp chung kết "ngon" và "mượt" trên điện thoại

Nếu vẫn còn vấn vương nhiều việc, không thể cùng bạn bè chia sẻ niềm vui này trên tivi, quán cafe hay thậm chí là quán nhậu.

ĐÁNH GIÁ NHANH

Trên tay iMac Pro: Cấu hình siêu mạnh trong thân máy mỏng nhẹ, ít tốn điện

Bằng cách sử dụng CPU được Intel tùy biến riêng, SSD được chế tạo độc quyền cho iMac Pro hay các giải pháp nhà làm như con chip bảo mật T2, Apple đã có thể 'nhét' được một cấu hình siêu mạnh vào một thân máy mỏng nhẹ,

Đánh giá Samsung Galaxy J2 (2016): “Ngon” trong tầm giá

Điện thoại thông minh Galaxy J2 2016 là thiết bị Android giá rẻ mới nhất của Samsung. Đây là phiên bản kế thừa của chiếc J2 2015 với những nâng cấp về cấu hình, và...

Trên tay Redmi Note 11 Pro+ 5G – Siêu phẩm mới nhà Xiaomi sạc nhanh 120W giá cực mềm

Trong bộ 3 Redmi Note 11 series vừa ra mắt, Redmi Note 11 Pro+ 5GB là bản cao cấp nhất. Máy sở hữu hàng loạt những tính năng ưu việt và đặc biệt có mức giá rất dễ chịu. Hôm nay, mời bạn cùng chúng tôi trên tay Redmi