In an open letter to the top-ranking U.S. Senate Committee on Foreign Relations members, nearly 350 former government and military officials urged Congress to ratify the 30-year-old U.N. Convention on the Law of the Sea (UNCLOS). We at Impossible Metals agree with Admiral Dennis Blair and believe that the U.S. must ratify UNCLOS immediately.
How can payment from the ISA equitable sharing be used to pay children to go to school instead of artisanal mining? The challenges are dealing with corruption, costs of deployment, and issues with enforcement and avoiding fraud. What if the ISA could pay schoolchildren directly without any middlemen if they attended school?

In 2024, it’s anticipated that the International Seabed Authority (ISA) will finalize the laws required to move from the exploration phase to the mining phase for deep sea minerals. Do we know enough about the deep ocean for the regulators to make informed decisions?
In a market dominated by nickel-rich chemistries today, the landscape is evolving with the emergence of deep-sea mining technologies. The prospect of securing ample nickel and cobalt from the ocean floor to electrify every form of transportation for the next 100 years promises to redefine cost structures, sustainability, and societal impact. While LFP retains its place in the diverse array of battery chemistries, the narrative of its absolute dominance may require reconsideration.
Impossible Metals CEO Oliver Gunasekara was invited to speak on the panel “The Race to Deep Sea Mining—Solution or Threat?” at the Saudi Green Initiative (SGI) Forum, which was held at the beginning of December 2023 as part of COP 28.
Most people assume that deep sea mining will be significantly more expensive than land-based mining because the location of deep sea minerals in the ocean can be remote and very deep. However, these assumptions are not correct—the reality is that deep sea mining will have a significantly lower cost.
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