2Q2022 Newsletter

2Q2022 Newsletter

Announcing a closing of $10.1M in seed funding

Impossible Mining has closed an additional $10.1 million in seed funding to develop and test our four-mile-deep robotic collection system and continue developing bio-extraction technology. The funding is led by Justin Hamilton with additional participation from a select group of Y Combinator investors.

We are also announcing our five key advisors:

• Mr. Bob Galyen, former CTO of CATL

• Mr. Dan Lankford, former CEO of AT&T Microelectronics – Europe

• Mr. Justin Manley, AUV design expert

• Mr. Simon Segars, former CEO of ARM and formed board member of SoftBank

• Mr. Phil Straw, CEO of SoftIron, underwater expert

> Read the full press release

From the Impossible Mining Blog – By Jason Gillham

Designing a new style of underwater arm

For Impossible Mining, the pursuit of planet-friendly energy resources starts with a robotics innovation that is an arm (and a leg) ahead of the competition. Of course we need to collect nodules rapidly, but Impossible Mining’s unique position is that we will do it with minimal disruption to subsea life in the sediment ecosystem.

> Read the blog post by Chief Technology Officer and founder Jason Gillham to find out how we’re developing a unique pick-and-place arm system.

TIME Magazine feature on Renee Grogan and Impossible Mining

We shared this article in April but it’s worth revisiting if you haven’t had a chance to read it yet. TIME Magazine spoke with Renee Grogan, our Co-founder and Chief Sustainability Officer, about the origin story of Impossible Mining and the challenges our solution addresses. The piece includes a succinct video explainer. The article looks deeper at Renee’s motivations in particular, and the headline starts with some big punches: “This Mining Executive Is Fighting Her Own Industry to Protect the Environment.”

> Read the article and watch the video at TIME.com

Impossible Mining in the news

Events We Will Be Attending

Here are some of the events where you will find Impossible Mining in the coming months:

• The Battery Show, September 13-15, 2022 in Novi, Michigan

• 50th Underwater Minerals Conference (UMC 2022), October 2-7, 2022 in St. Petersburg, Florida

• Consumer Electronics Show (CES 2023), January 5-8, 2023 in Las Vegas, Nevada

Latest Industry News

• CNBC – June 22, 2022 – Raw material costs for electric vehicles have doubled during the pandemic

• CNBC – June 21, 2022 – China’s electric vehicle battery supply chain shows signs of forced labor, report says

• The Print – June 1, 2022 – The Chinese are digging, but it’s no Jurassic Park. The Pacific hides other treasures

• CNBC – May 24, 2022 – Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials

• Benchmark Mineral Intelligence – May 19, 2022 – Global gigafactory pipeline hits 300; China dominates but the West gathers pace

• Mining.com – May 17, 2022 – Electric vehicles surpass phones as top driver of cobalt demand

• Mining.com – May 12, 2022 – Cobalt tops Critical Materials Risk Index

• Reuters – May 11, 2022 – Mining is key to the energy transition, but it’s still unloved

• Mining.com – May 2, 2022 – The key minerals in an EV battery

• Reuters – April 5, 2022 – Why Indigenous peoples are key to ensuring EV revolution doesn’t run out of road

• The Verge – April 1, 2022 – President Joe Biden invokes Defense Production Act for EV batteries and clean energy

Impossible Mining is hiring. Find out the benefits of joining us.

Current open positions:
Location: Collingwood, Ontario, Canada

> Senior Lead Mechanical Designer

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