United States House Armed Services Subcommittee on Strategic Forces

The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

Retrieved on: 
Lundi, août 14, 2023
Exercise, OBIS, International Seabed Authority, Ocean Biodiversity Information System, Project Zero, National security, United States House Armed Services Subcommittee on Strategic Forces, NDAA, Record, Environmental policy of the Joe Biden administration, Mining Code, Assistant, The Metals Company, TMC, United States House Committee on Armed Services, Allseas, U.S. Department of Defense Strategy for Operating in Cyberspace, Mining, Engineering, Motivation, Corporation, ISA, Part Two, Carl Levin and Howard P. "Buck" McKeon National Defense Authorization Act for Fiscal Year 2015, Policy, Letter, The Hidden Gem, House, PMTS, Presidency of Joe Biden, Cryptocurrency, Management, Security (finance), Defense

Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.

Key Points: 
  • Chairman and CEO Gerard Barron and CFO Craig Shesky along with several TMC board members also participated in the transaction.
  • Exploration evaluation expenses during the quarter ended June 30, 2023 were $8.1 million compared to $10.2 million for the quarter ended June 30, 2022.
  • General and administrative expenses were $5.1 million for the quarter ended June 30, 2023 compared to $8.1 million for the quarter ended June 30, 2022.
  • ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.

Congressional Leaders Urge President Biden and the Department of Defense to Consider Polymetallic Nodules for U.S. Critical Mineral Supplies and National Security

Retrieved on: 
Lundi, juillet 31, 2023
Pentagon, Plague, Mineral, Manganese, Senate, Metal, Defense, Member, Dan Sullivan (U.S. senator), United States House Committee on Natural Resources, United States House Armed Services Subcommittee on Strategic Forces, United States Senate Energy Subcommittee on Public Lands, Forests, and Mining, United States and the United Nations Convention on the Law of the Sea, United Nations Convention, Unitary state, Foreign policy of the Joe Biden administration, International Seabed Authority, DOE, Primary energy, Strategic planning, Government, Administration, Congress, Inflation, China Daily, UNCLOS, TMC, Nickel, ISA, Education minister, Inflation Reduction Act of 2022, Letter, Cobalt, House, News, Rare-earth element, Science, Pacific Ocean, United

In a letter to President Biden and the Pentagon, nine members of Congress urged the Administration to “keep all options on the table, including deep-sea opportunities, in assessing polymetallic nodules as a viable resource to secure critical minerals and close national security vulnerabilities.”

Key Points: 
  • In a letter to President Biden and the Pentagon, nine members of Congress urged the Administration to “keep all options on the table, including deep-sea opportunities, in assessing polymetallic nodules as a viable resource to secure critical minerals and close national security vulnerabilities.”
    The news comes as American and allied auto and battery makers struggle to secure supplies of critical battery metals that comply with guidelines for incentives under the Inflation Reduction Act.
  • Additionally, China dominates much of the international critical mineral supply chain on land and is now ramping up focus on seafloor resources known to be the largest estimated source of metals like cobalt, nickel and manganese, presenting a national security vulnerability for the United States…Recently, China has taken aggressive and brazen steps to secure and process seabed resources of polymetallic nodules into strategic planning for national security.
  • Currently, Chinese companies hold 5 out of 31 International Seabed Authority (ISA) contracts for exploration and development – more than any other country.”
    In March, China’s state-owned newspaper China Daily recognized TMC’s leadership position in the industry and announced its intention to invest further into the development of technologies to responsibly and economically recover seafloor polymetallic nodules.
  • In reply, Secretary Granholm confirmed, “Ongoing R&D on critical battery minerals processing through the DOE Office of Science and the Advanced Manufacturing Office is applicable to potential U.S. domestic processing and refining of metallic marine nodules...DOE is continuing to work with interagency partners to consider all potential sources of critical minerals for the supply chain including the role that seabed nodules could play in the future.”

Millennium Space Systems Missile Track Custody PDR complete in just four months

Retrieved on: 
Mercredi, juillet 12, 2023
MTC, Critical, ALTAIR, United States House Armed Services Subcommittee on Strategic Forces, SVS, SV, Frank Calvelli, Assistant, Committee, CDR, SSC, Risk, PDR, Air force, Design review (U.S. government), Assistant Secretary of the Air Force for Space Acquisition and Integration, Management

EL SEGUNDO, Calif., July 12, 2023 /PRNewswire/ -- Millennium Space Systems completed the U.S. Space Force Space Systems Command's Missile Track Custody Program Design Review in just four months, ensuring the program is on schedule for Critical Design Review in the fourth quarter.

Key Points: 
  • EL SEGUNDO, Calif., July 12, 2023 /PRNewswire/ -- Millennium Space Systems completed the U.S. Space Force Space Systems Command's Missile Track Custody Program Design Review in just four months, ensuring the program is on schedule for Critical Design Review in the fourth quarter.
  • "We're clearly demonstrating we can design, build and test systems in shorter timeframes on schedule," said Jason Kim, chief executive officer, Millennium Space Systems.
  • Following the PDR, Millennium Space Systems is focusing on the detailed design phase in preparation for CDR, with the digital model serving as the design's authoritative single source of truth.
  • Millennium Space Systems is on contract for MTC space vehicle, or SV, one, with options for SVs two and three.

US Congress Directs Pentagon to Assess Domestic Processing of Polymetallic Nodules under National Defense Authorization Act

Retrieved on: 
Vendredi, juin 30, 2023
Plague, Mineral, Manganese, Senate, U.S. Department of Defense Strategy for Operating in Cyberspace, Metal, Dan Sullivan (U.S. senator), National security, United States House Committee on Natural Resources, United States House Armed Services Subcommittee on Strategic Forces, NDAA, United States Senate Energy Subcommittee on Public Lands, Forests, and Mining, United States and the United Nations Convention on the Law of the Sea, United Nations Convention, Unitary state, DOE, Primary energy, Government, Assistant, National Defense Authorization Act, Inflation, TMC, Nickel, United States House Committee on Armed Services, Education minister, National Defense Authorization Act for Fiscal Year 2018, Inflation Reduction Act of 2022, Policy, Cobalt, House, News, Rare-earth element, Cryptocurrency, Science, Defense, Pacific Ocean

NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).

Key Points: 
  • NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).
  • Entitled “ H.R.
  • 2670 – National Defense Authorization Act for Fiscal Year 2024; and H.R.
  • In reply, Secretary Granholm confirmed, “Ongoing R&D on critical battery minerals processing through the DOE Office of Science and the Advanced Manufacturing Office is applicable to potential U.S. domestic processing and refining of metallic marine nodules...DOE is continuing to work with interagency partners to consider all potential sources of critical minerals for the supply chain including the role that seabed nodules could play in the future.”

Butler Snow Announces New Strategic Alliance with Maynor & Stiers, LLC

Retrieved on: 
Jeudi, avril 13, 2023
Linda, Intelligence, 2020 Republican National Convention, United Service Organizations, National Aeronautic Association, Senate, United States House Armed Services Subcommittee on Strategic Forces, House of Representatives, USO, Maynor, Government, United, GOP, Representative, NASA, United States House Committee on Armed Services, United States Department of Defense, Federation, Republican National Convention, Heck, House, Family, Intelligence community, United States Intelligence Community, Industrial design, Defense, David Ogden Stiers

HUNTSVILLE, Ala., April 13, 2023 /PRNewswire/ -- Butler Snow is pleased to announce a strategic alliance with Linda M. Maynor, William F. Stiers and Wade H. Heck of Maynor & Stiers, LLC for federal government relations.

Key Points: 
  • HUNTSVILLE, Ala., April 13, 2023 /PRNewswire/ -- Butler Snow is pleased to announce a strategic alliance with Linda M. Maynor, William F. Stiers and Wade H. Heck of Maynor & Stiers, LLC for federal government relations.
  • Maynor, Stiers and Heck are registered Washington D.C. based lobbyists who represent clients on legislative and governmental matters on Capitol Hill.
  • Maynor serves as the managing partner for Maynor & Stiers, LLC.
  • "We're extremely happy to have formed this alliance with Butler Snow," said Maynor.