Frequently Asked Questions (FAQs)

Impossible Metals was incorporated in 2020 as a Delaware B Corporation, a public benefits corporation (“B Corp”).

The corporation’s specific public benefit purpose is to deliver responsibly mined and processed battery metals to the market in a manner that promotes sustainability, transparency, and accountability and to render a public benefit by accelerating the world’s transition to sustainable energy to mitigate the climate crisis.

Accelerating clean energy by delivering the most sustainable critical metals.

To harvest and process critical metals from the seabed while protecting the environment.

1. Planet comes first: environment and people before profit.
2. We are determined, striving to make the impossible possible.
3. We encourage, share and respect all perspectives.
4. We move fast, separating what must be done now from what can be improved later.
5. We embrace and learn from every success and failure.
6. We act as owners, managing resources responsibility and efficiently.

Around $15M. We closed our seed round in May 2022 of $10M and pre-seed round of $2M in September 2021. We have also received government grants and additional investor funding.

Chalet, Y Combinator, Justin Hamilton, and many smaller funds and individuals.

More details: https://impossiblemetals.com/about/partners/

HQ: San Jose, CA, USA

Design centre: Collingwood, ON, Canada

See the leadership team here.

See the board members here.

Impossible Metals intends to partner with companies that hold deep-sea mineral exploration areas, leverage third parties to process (refine) the metals, and sell the resulting offtake. In the longer term, Impossible Metals intends to apply for its own exploration areas.

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

In April 2024, this team was spun out into a new company called Viridian Biometals. Impossible Metals maintains a minority holding in Viridian Biometals.