FAQs Archive

Q: A.8 Is deep sea mining economically viable compared to low-cost land-based nickel production?

Yes, we estimate that our system will be 15x lower cost than the average nickel mine in 2024. See this blog post to learn more.

Q: A.7 Will selective deep-sea mining match the production rate of land mining?

Yes. The known reserves of Ni, Co, and Mn in the ocean are between 3x and 10x the known reserves on land. Our parallel fleet of underwater robots can collect substantial amounts of critical materials, and replication of a single project can increase productivity.

Q: C.12 Does approval require consensus?

No. EIS does not seek consensus among all parties, and the award of an environmental permit does not require a response to every public comment on every topic.

Q: C.11 Can a contractor do whatever they want if an environmental permit is awarded?

No. The permitting process involves setting a range of conditions. Permit conditions can include a range of measures, including additional studies, revised modeling, additional monitoring requirements, etc. Regular reporting and independent monitoring are also part of the checks and balances applied.

Q: C.10 Once an EIA is submitted, is the regulatory body forced to award an environmental permit?

No. The award of an environmental permit is contingent on a variety of factors. These include the comments from the public consultation period, independent reviews, and regulators’ internal assessment processes.

Q: C.9 If EIAs are paid for or authored by the proponent, can they be objective and trusted?

Yes. Environmental Impact Assessment (EIA) is a branch of environmental science performed by objective professionals with the necessary qualifications and experience. Given the oversight in modern EIA practice, project approvals do not benefit from poor-quality EIAs or overt client advocacy. EIA specialists do not engage in client advocacy. Furthermore, independent reviews, panels, committees, and hearings are standard practices in EIA.

A.8 Is deep sea mining economically viable compared to low-cost land-based nickel production?

A.7 Will selective deep-sea mining match the production rate of land mining?

C.12 Does approval require consensus?

C.11 Can a contractor do whatever they want if an environmental permit is awarded?

C.10 Once an EIA is submitted, is the regulatory body forced to award an environmental permit?

C.9 If EIAs are paid for or authored by the proponent, can they be objective and trusted?

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