Impossible Metals was invited to participate in the second public forum on deep sea mining in American Samoa on August 6, 2025. Hosted at the Lee Auditorium in Utulei Village, community members, experts, and stakeholders discussed the potential impacts and opportunities of seabed resource development. The forum was recorded and shared on YouTube.
Our CEO, Oliver Gunasekara, presented on “Deep Sea Mining Benefits to American Samoa”, sharing how our innovative approach to harvesting polymetallic nodules is designed with environmental responsibility at its core. Unlike traditional methods that can disturb the marine ecosystem, our technology enables selective collection, helping protect ocean biodiversity while unlocking access to critical minerals.
Oliver highlighted how deep sea mining, when done right, can deliver economic benefits, support local job creation, and provide a sustainable alternative to terrestrial mining, which has higher environmental and social costs.
View his presentation.
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Note: Victor Vescovo made an error in his calculations of our revenue: He used a low (scrap) $100/ton manganese price instead of Electrolytic Manganese Metal (EMM). Had he used 28% on EMM ( $1,500) or even TMC’s Silicat of $545 from their PFS – the profitability would have been correct as per Oliver’s slides.
We appreciated the thoughtful questions from the community during the Q&A session and remain committed to ongoing transparency and collaboration.
This forum was a vital step in shaping a balanced, informed discussion about the future of deep sea mining in the region, and we value the opportunity to engage with the community in that process.
Our CEO, Oliver Gunasekara, presented on “Deep Sea Mining Benefits to American Samoa”, sharing how our innovative approach to harvesting polymetallic nodules is designed with environmental responsibility at its core. Unlike traditional methods that can disturb the marine ecosystem, our technology enables selective collection, helping protect ocean biodiversity while unlocking access to critical minerals.
Oliver highlighted how deep sea mining, when done right, can deliver economic benefits, support local job creation, and provide a sustainable alternative to terrestrial mining, which has higher environmental and social costs.
View his presentation.
Note: Victor Vescovo made an error in his calculations of our revenue: He used a low (scrap) $100/ton manganese price instead of Electrolytic Manganese Metal (EMM). Had he used 28% on EMM ( $1,500) or even TMC’s Silicat of $545 from their PFS – the profitability would have been correct as per Oliver’s slides.
We appreciated the thoughtful questions from the community during the Q&A session and remain committed to ongoing transparency and collaboration.
This forum was a vital step in shaping a balanced, informed discussion about the future of deep sea mining in the region, and we value the opportunity to engage with the community in that process.
