Seabed

TMC Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, March 25, 2024
Letter, The Metals Company, Exercise, UNCLOS, Environmental issues, Domestic, International Seabed Authority, Breakthrough, The Hidden Gem, Council, Memorandum of understanding, Representative, Legislation, ISA, Mining Code, Seabed, Manganese, Hand, Senate, State, CCZ, Hidden, National security, Research, LTIP, House, Louisiana House of Representatives, Pentagon, Engineering, Government, TMC, National Defense Authorization Act, EDT, Nickel, Sea, Bangladesh Technical Education Board, Ecosystem, Data, Collection, Total

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.
  • Meanwhile, two new applications for deep-sea mineral exploration have recently been submitted to the ISA by the government of India.
  • Exploration and evaluation expenses during the quarter ended December 31, 2023 were $26.7 million compared to $81.8 million for the quarter ended December 31, 2022.
  • We will hold a conference call today at 4:30 p.m. EDT to provide an update on recent corporate developments, fourth quarter and full year 2023 financial results and upcoming milestones.

TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources

Retrieved on: 
Wednesday, March 13, 2024
Odyssey, House, Congress, Manganese, The Metals Company, Recycling, TMC, ESG, Metal, Economic development, Mineral, Seabed, Nickel, Bangladesh Technical Education Board, Breakthrough Institute, Legislation, Collection, Inflation, Pentagon, Representative, Cobalt, Rare-earth element

The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.

Key Points: 
  • The bill is endorsed by a coalition of leaders across the offshore energy industry, marine mineral exploration, and global research centers.
  • Additionally, we eagerly await the forthcoming Pentagon report on nodules as directed by the House Armed Services Committee.
  • The Pentagon’s ability and willingness to support a feasibility study for a domestic refinery could help establish mineral independence for the U.S. in nickel, cobalt and manganese.
  • The newly introduced Responsible Use of Seafloor Resources Act aims to ready the United States for the commercial availability of seafloor nodules, an abundant source of critical minerals.

Roundtable Discussion Plants Flag to Support Responsible Technology for DSM

Retrieved on: 
Tuesday, July 12, 2022
Automotive, Technology, Engineering, Sustainability, Automotive Manufacturing, Manufacturing, Climate Change, Environment, Other Energy, Oil, Gas, Maritime, Alternative Energy, Energy, Transport, Other Technology, Mining, Minerals, Alternative Vehicles, Fuels, Environmental Policy, Hardware, Natural Resources, Mining, Seabed, Impossible, Temple University, Risk management

However, any 'robust scientific information' must be based on a specific engineered solution."

Key Points: 
  • However, any 'robust scientific information' must be based on a specific engineered solution."
  • Dr. Erik Cordes of Temple University, a signatory to the Statement, indicated, I have stayed out of the seabed mining discussion in the past, because I did not see a responsible path forward - prior to Impossible Mining.
  • I encourage investigation of this innovative opportunity to minimize harm while helping provide the necessary elements for our transition to renewable energy.
  • We are laying down the gauntlet, says Renee Grogan.

2021 ICPC Plenary: Virtually Held Submarine Cable Event That Connected the Four Corners of the World

Retrieved on: 
Thursday, June 3, 2021
Technology, Science, Other Science, Other Technology, Submarine cable, ICPC, International Seabed Authority, Oceans, Unity, Seabed, Cable, Physical geography, Organizations, International Cable Protection Committee

In-line with the ICPCs Memorandum of Understanding (MoU) with the International Seabed Authority (ISA), the event concluded with a much-anticipated panel on the coordination between the submarine cable industry and deep seabed mining.

Key Points: 
  • In-line with the ICPCs Memorandum of Understanding (MoU) with the International Seabed Authority (ISA), the event concluded with a much-anticipated panel on the coordination between the submarine cable industry and deep seabed mining.
  • Panellists included members of the ISA, seabed mining contractors, submarine cable owners and operations, and was moderated by ICPC Vice Chairman, Mr Graham Evans.
  • About the ICPC: The ICPC is the worlds premier submarine cable protection organisation.
  • As the voice of the submarine cable community, the ICPC welcomes genuine enquiries regarding international submarine cables, environmental factors affecting the submarine cable community and the activities of the organisation.

DeepGreen / SOAC Advance Deep-Sea Environmental Study in Effort to Develop World’s Largest Known Supply of Battery Metals

Retrieved on: 
Thursday, April 1, 2021
Science, Other Science, Research, Natural Resources, Environment, Steel, Mining, Minerals, Manufacturing, Physical sciences, Physical geography, Natural sciences, Underwater mining, Metals, Oceanography, Fisheries science, Manganese nodule, Polymetal, Dietary minerals, Seabed, Energy transition

An autonomous Saildrone will also collect information on water chemistry and marine biomass as it tracks the ship throughout the expedition.

Key Points: 
  • An autonomous Saildrone will also collect information on water chemistry and marine biomass as it tracks the ship throughout the expedition.
  • Other organizations involved in the current research include Pelagic Research Services, LLC, Gravity Marine, and UTEC Services.
  • This is a challenging mission to prepare for given the number of studies and the complexity of the equipment required, said DeepGreen Environment Manager Dr. Michael Clarke.
  • DeepGreen Metals Inc. is a Canadian developer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy.

Schmidt Ocean Institute Maps One Million Square Kilometers of Seafloor and Joins Monumental Mapping Initiative

Retrieved on: 
Monday, December 9, 2019
Non-profit organizations based in California, Oceanography, Schmidt Ocean Institute, Wendy Schmidt, Seabed, California, United States

According to the Seabed 2030 Project, about32 million square kilometers or 15% of the ocean has been mapped.

Key Points: 
  • According to the Seabed 2030 Project, about32 million square kilometers or 15% of the ocean has been mapped.
  • The million square kilometer milestone is a big one for Schmidt Ocean, accounting for 3% of this mapping contribution and the discovery of 14 new underwater features.
  • The groups met at the Royal Society, making Schmidt Ocean one of more than 100 organizations to formally support the initiative.
  • When you look at a map,the ocean is portrayed as flat blue with very few features," said Schmidt Ocean Institute co-founder Wendy Schmidt.

ION and iSEISMIC announce plans to collaborate on seabed technology

Retrieved on: 
Tuesday, July 30, 2019
Oceanography, Companies, ION Geophysical, Economy of the United States, Seabed, Cision, OBS

HOUSTON, July 30, 2019 /PRNewswire/ --ION Geophysical Corporation (NYSE: IO) and iSEISMIC AS, an ocean bottom seismic (OBS) acquisition specialist, today announced a memorandum of understanding to collaborate on seabed acquisition technologies.

Key Points: 
  • HOUSTON, July 30, 2019 /PRNewswire/ --ION Geophysical Corporation (NYSE: IO) and iSEISMIC AS, an ocean bottom seismic (OBS) acquisition specialist, today announced a memorandum of understanding to collaborate on seabed acquisition technologies.
  • iSEISMIC plans to utilize the full suite of ION's next generation 4Sea ocean bottom acquisition and imaging technology to deliver a step-change in the safety, efficiency, quality and turnaround time of seabed surveys.
  • This agreement will enable ION to commercialize its new 4Sea technology and provides an opportunity to realize the benefits of our technology to acquire ocean bottom multi-client programs more quickly and cost-effectively with an experienced service provider.
  • The companies are looking forward to successfully deploying 4Sea and significantly expanding the use of superior seabed data to enhance clients' reservoir decision-making.

iSEISMIC and ION announce plans to collaborate on seabed technology

Retrieved on: 
Tuesday, July 30, 2019
Oceanography, ION Geophysical, Seabed, OBS, Economy of the United States, Companies, Industries

BERGEN, Norway, July 30, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) and iSEISMIC AS, an ocean bottom seismic (OBS) acquisition specialist, today announced a memorandum of understanding to collaborate on seabed acquisition technologies.

Key Points: 
  • BERGEN, Norway, July 30, 2019 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) and iSEISMIC AS, an ocean bottom seismic (OBS) acquisition specialist, today announced a memorandum of understanding to collaborate on seabed acquisition technologies.
  • iSEISMIC plans to utilize the full suite of ION's next generation 4Sea ocean bottom acquisition and imaging technology to deliver a step-change in the safety, efficiency, quality and turnaround time of seabed surveys.
  • This agreement will enable ION to commercialize its new 4Sea technology and provides an opportunity to realize the benefits of our technology to acquire ocean bottom multi-client programs more quickly and cost-effectively with an experienced service provider.
  • The companies are looking forward to successfully deploying 4Sea and significantly expanding the use of superior seabed data to enhance clients' reservoir decision-making.

Ocean Infinity Locates the Missing Argentinian Submarine, ARA San Juan

Retrieved on: 
Saturday, November 17, 2018
Argentina, Oceanography, ARA San Juan, San Juan, Maritime history, Seabed, Maritime transport, Watercraft

Ocean Infinity, the seabed exploration company, confirms that it has found ARA San Juan,the Argentine Navy submarine which was loston 15 November 2017.

Key Points: 
  • Ocean Infinity, the seabed exploration company, confirms that it has found ARA San Juan,the Argentine Navy submarine which was loston 15 November 2017.
  • In the early hours of 17 November, after two months of seabed search, Ocean Infinity located what has now been confirmed as the wreckage of the ARA San Juan.
  • The submarine was found in a ravine in 920m of water,approximately 600 km east ofComodoroRivadavia in the Atlantic Ocean.
  • We sincerely hope that locating the resting place of the ARA San Juan will be of some comfort to them at what must be a profoundly difficult time.

Artificial Intelligence Guides Rapid Data-Driven Exploration of Changing Underwater Habitats Mapped

Retrieved on: 
Thursday, August 30, 2018
Oceanography, Photogrammetry, Seabed

The algorithms used are able to rapidly produce simple summaries of observations, and form subsequent deployment plans.

Key Points: 
  • The algorithms used are able to rapidly produce simple summaries of observations, and form subsequent deployment plans.
  • The initial wide-area seafloor imagery was acquired with an underwater vehicle "Ae2000f" using high-altitude 3D visual mapping cameras at underwater sites between 680 and 780 meters depth.
  • Thanks to rapid processing of data, a photogrammetric map of one of the best studied gas hydrate deposits was completed.
  • "It is quite amazing to see such large areas of the seafloor mapped visually, especially only days after the raw data was collected.