Impossible Metals Applies for Deep Sea Mining Lease in U.S. Federal Waters

SAN JOSE, Calif.--(BUSINESS WIRE)--Impossible Metals, a pioneering US-based deep-sea mining company, has submitted a request to commence a leasing process for exploration and potential mining of critical minerals in the deep sea off the coast of American Samoa. Impossible Metals is the first company to request a lease of critical minerals under the Outer Continental Shelf Lands Act of 1953, which is regulated by the U.S. Bureau of Ocean Energy Management (BOEM), part of the U.S. Department of the Interior.

Impossible Metals has developed the only autonomous underwater robot (AUV) for selective harvesting. The novel underwater robot uses advanced robotics, AI, and a buoyancy engine to hover above the seabed, accurately identifying and avoiding nodules with visible life while minimizing disruption to the habitat and native biodiversity. This method will have the lowest environmental impact and cost among land and deep-sea mining approaches, setting a new standard for responsible resource collection.

The area identified for exploration is believed to contain a rich deposit of critical minerals, including nickel, cobalt, copper, magnesium, and rare earths. Establishing a secure domestic supply of these critical minerals is imperative to compete with global powers such as China and to ensure the nation can access materials vital for developing clean energy technologies and defense capabilities.

“Impossible Metals’ innovative approach to selective harvesting of minerals from the deep sea will revolutionize the mining industry and ensure that the United States remains a leader in sustainability, technology, and clean energy,” said Oliver Gunasekara, CEO and Co-Founder of Impossible Metals

Impossible Metals will work closely with the people and leaders of American Samoa, the Department of the Interior, Congress, scientists, the environmental community, and the public to ensure high environmental and safety standards, attention to local communities' needs, and responsible stewardship of ocean resources.

"American Samoa welcomes the start of a deep-sea minerals industry that will bring significant economic growth, support national security, and create jobs,” said John Wasko, Executive Director, American Samoa Economic Development Council.

About Impossible Metals. Impossible Metals‘ (YC W22, Public Benefit Corporation) vision is accelerating clean energy by delivering responsible critical metals. We are developing autonomous underwater vehicles (AUVs) to harvest critical metals from the seabed while protecting the environment. Headquartered in California and with a robotics lab in Canada, Impossible Metals is committed to the UN Sustainable Development Goals.

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