Mining the Deep Sea for Metals

Jared Baron, CEO of Deep Green Resources, discusses the significance of deep sea nodules, which were discovered in the 1870s and harvested in the 1970s. Ownership issues were resolved with the establishment of the International Seabed Authority (ISA). Deep Green has secured exploration licenses and is conducting environmental studies. The nodules contain essential metals for the green economy, crucial for electric vehicles. The current supply chain relies heavily on resources from the Congo and Equatorial rainforests, highlighting the need for sustainable alternatives.

What was a major challenge in the 1970s regarding deep sea nodules?

• Environmental concerns

• Lack of technology for harvesting

• Unclear ownership of ocean territories

• Insufficient demand for metals

What organization governs international waters today?

• World Trade Organization

• International Seabed Authority

• International Maritime Organization

• United Nations Environment Programme

What has Deep Green Resources secured from the International Seabed Authority?

• Exploration licenses

• Export licenses

• Environmental permits

• Mining rights

Why are deep sea nodules important for the green economy?

• They are a source of renewable energy

• They are used in solar panel production

• They contain metals needed for electric vehicles

• They help reduce ocean pollution

Which country is currently a major source of the world's cobalt?

• Canada

• Congo

• Australia

• Brazil