Overview
- A $1,000 investment a year ago would be worth about $9,000 after the rally, with shares recently trading near $8.
- The Canada-based firm holds exploration rights in a Pacific zone with polymetallic nodules containing nickel, copper, cobalt, and manganese.
- Its plan is to vacuum potato-sized nodules from the seabed and process them into battery-grade metals rather than mine rock on land.
- The company has no permit and remains pre-revenue as the International Seabed Authority has yet to finalize a rulebook for commercial deep-sea mining.
- The White House showed interest this year, and an obscure U.S. law could offer a path to a 2027 start, though any move seen as bypassing the ISA remains uncertain.