Impossible Metals, a U.S.-based deep-sea mining company, has submitted a request to begin the leasing process for the 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 for 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.
The area identified for exploration is believed to contain rich deposits of critical minerals, including nickel, cobalt, copper, magnesium, and rare earth elements. Securing a reliable domestic supply of these minerals is crucial for competing with global powers such as China and ensuring the U.S. has access to materials necessary for developing clean energy technologies and defense capabilities.
“Impossible Metals’ innovative approach to the 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.
The company states it 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, address the needs of local communities, and responsibly manage ocean resources.
“American Samoa welcomes the beginning of a deep-sea minerals industry that will bring significant economic growth, support national security, and create jobs,” said John Wasko, Executive Director of the American Samoa Economic Development Council.
