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In January, The Metals Company published an upward revision to the nodule resource reported within the NORI-D area held by its subsidiary, Nauru Ocean Resources Inc. TMC’s NORI-D nodule project is the first in the company’s project development pipeline. NORI), improving resource confidence from ‘inferred’ to ‘indicated’ status.
DeepGreen Metals, which is exploring for deep-ocean polymetallic nodules as a lower impact and more cost-effective alternative to land-based mining ( earlier post ), announced an upward revision to the nodule resource reported within the NORI-D exploration contract area held by its subsidiary, Nauru Ocean Resources, Inc.
Ensuring this critical supply of battery metals is essential to the transition from internal combustion engines to EVs, which faces the following risks, according to DeepGreen: A slump in discovery of new metal deposits could lead to shortages in key metals such as nickel and copper from 2024-2025 onwards; Source: DeepGreen. Earlier post.)
Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We We are committed to turning those rocks into metal using renewable power and with zero solid waste," Shesky says.
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