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The Metals Company Welcomes Growing Recognition from Political and Military Leaders of Deep-Sea Nodules’ Potential to Strengthen National Security and Reshore Supply Chains for the Clean Energy Transition
In a letter last week to the U.S. Department of Defense, seventeen retired generals, admirals and officers across four U.S. military branches warned that
About this update from Tmc The Metals Company Inc.
[{"type":"text","content":"In a letter last week to the U.S. Department of Defense, seventeen retired generals, admirals and officers across four U.S. military branches warned that decades of failure to address domestic critical mineral reserves and processing capacity leave the U.S. extremely vulnerable to supply chain shocks, and called upon the DoD to consider the responsible development of the vast polymetallic nodule resource in the CCZAs part of his government’s Vision 2030 investment plan, French President Emmanuel Macron has committed over €300 million for deep-sea mineral exploration to understand environmental impacts and potential to secure mineral independence, while the Indian Government under President Modi has allocated $600 million for its ‘Deep Ocean Mission’, including investments to undertake the necessary resource definition work on its polymetallic nodule contract area in the Indian OceanSenator Lisa Murkowski (R-AK), a thought leader on energy and critical minerals issues in the U.S. Senate, urged Energy Secretary Jennifer Granholm in a letter to focus on securing access to battery raw materials and explore the potential of polymetallic nodules in the Clarion-Clipperton Zone (CCZ) NEW YORK, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today commended Western political and military leaders for their growing acknowledgement of the potential for seafloor polymetallic nodules to bolster domestic critical mineral supply chains for the clean energy transition. Seventeen high-ranking U.S. military officers including former Director of National Intelligence Admiral Dennis Blair said in a letter to the U.S. Secretary of Defense, “The national security imperative of creating sufficient mineral supplies to build future EVs, energy infrastructure from turbines to transmission, and modern aerospace and defense systems must include a robust and secure supply chain within U.S. control.” In the letter, attached to a LinkedIn post by Former Commander Kirk Lippold, the Officers wrote: “Given the known lack of domestic supply and processing of critical lithium-ion battery cathode materials including cobalt, nickel, and manganese, the U.S. should consider responsible development of polymetallic nodules found on the seafloor in U...