Frequently Asked Questions (FAQs)
Please contact our team if you have any questions that aren’t covered here or would like to discuss your questions or feedback with Impossible Metals.
Impossible Metals Company
Polymetallic nodules contain four metals (nickel, cobalt, copper, manganese). The TAM for the four metals in 2023 was $393B per year. The market is growing at a compound annual growth rate (CAGR) of over 7%. External references:
Copper (Cu): Spherical Insights 2024
Nickel (Ni): Fortune Business Insights 2024
Manganese (Mn): Sky Quest 2024
Cobalt (Co): Statista 2024
Glossary
Abyssal plains = Is an underwater plain on the deep ocean floor, usually found at depths between 3,000 and 6,000 meters.
AUV (Autonomous underwater vehicle) = AUVs are robot submarines that can explore the ocean without a pilot or tether.
Biodiversity = biological diversity among and within plant and animal species in an environment.
CCZ (Clarion-Clipperton Zone) = A large area in the Pacific Ocean from Hawaii to Mexico.
Critical Minerals = Copper, nickel, and cobalt are essential components in many of today’s rapidly growing clean energy applications.
DP (Dynamic Positioning) = is a computer-controlled system to automatically maintain a vessel’s position and heading by using its own propellers and thrusters.
DSM (Deep Sea Minerals) = The minerals found on the deep seabed.
EEZ (exclusive economic zone) = an area of the ocean, generally extending 200 nautical miles beyond a nation’s territorial sea, within which a coastal nation has jurisdiction over both living and nonliving resources.
EIS (Environmental Impact Statement) = is a tool for decision-making. It describes the positive and negative environmental effects of a proposed action.
Eureka I, II, III = Underwater robots (AUVs’) designed by Impossible metals for selective harvesting of polymetallic nodules from the ocean floor.
EV (electric vehicle) = is a vehicle that uses one or more electric motors for propulsion.
ISA (International Seabed Authority) = is an autonomous international organization that organizes and controls all mineral-resources-related activities in the Area for the benefit of humankind.
Megafauna = animals of a given area that can be seen with the unaided eye.
UNCLOS (United Nations Convention on the Law of the Sea) = established a comprehensive international legal framework to govern activities related to the global oceans.
USBL (ultra-short baseline) = method of underwater acoustic positioning as GPS does not work underwater.
TAM (Total addressable market) = a metric that estimates the maximum revenue potential for a product or service if it were to capture 100% of a market.
