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The technical issues with seafloor mining sometimes sound enough to make anyone walk away, but with DeepGreen’s resource estimates it’s easy to see why they feel compelled to rise to the challenge. We attended a fascinating talk from Gerard at Mines and Money London last year, giving us an overview of this potentially revolutionary new frontier for mining. Gerard Barron, the CEO of Deep Green, commented ““Our partnership with Allseas will ultimately help us open up a new, disruptive source of battery metals for the green revolution and transform the mining industry as we know it,” The investment will be used to fund feasibility studies to evaluate mining polymetallic nodules from the deep ocean floor.ĭeepGreen’s plan is to hoover up these small nodules which are found on the seafloor, targeting a 75,000 km square area of the Clarion-Clipperton Zone, a fracture zone, close to Nauru in the Pacific. Hot on the heels of the news that the marine mining sector (mining on or under the seafloor) has been estimated to be worth $7.05bn by 2026, comes the news that one of the up-and-coming stars in the field, DeepGreen Metals, has secured the majority of a $150m funding round, part of which comes from the Swiss offshore engineering firm Allseas.