Latest news with #seabed mining
Yahoo
4 days ago
- Business
- Yahoo
ReElement Technologies Applauds U.S. - Cook Islands Collaboration to Advance Responsible Seabed Mineral Development
FISHERS, IN / / August 8, 2025 / American Resources Corporation (NASDAQ:AREC) ("American Resources" or the "Company"), along with its holding in ReElement Technologies Corporation ("ReElement"), a leading U.S. innovator in rare earth element (REE) and critical mineral refining, today applauded the recently announced cooperation between the Governments of the United States of America and the Cook Islands to advance scientific research and the responsible development of seabed mineral resources. This bilateral initiative - announced in recognition of the Cook Islands' 60th Anniversary as a self-governing state in free association with New Zealand - marks a significant step forward in fostering sustainable economic development and strengthening U.S.-linked commercial participation in the region. As stated in the joint declaration, the partnership reflects a shared commitment to scientific advancement, economic self-reliance, and the responsible management of deep ocean resources. Mark Jensen, CEO and Chairman of ReElement, commented, "ReElement supports and celebrates this bold partnership between the U.S. and Cook Islands, which reinforces the importance of transparency, science-led development, and environmentally responsible resource strategies. With our proven and economically viable refining platform, we are uniquely positioned to refine seabed-derived nodules in a way that maximizes value for all stakeholders while minimizing environmental impact." The U.S.-Cook Islands agreement comes just weeks after ReElement Technologies announced two significant milestones related to its seabed refining platform: On July 23, ReElement signed a Memorandum of Understanding with Impossible Metals to toll process polymetallic nodules responsibly collected from the ocean floor. On July 30, ReElement signed a Memorandum of Understanding with the American Samoa Economic Development Council to launch Deep Sea Nodule Refining Collaboration. Editor's Note: American Resources Corporation has issued a correction to its July 30, 2025 press release to accurately reflect that the Memorandum of Understanding was signed with the American Samoa Economic Development Council (AMEDC), not the American Samoa Economic Development Authority (AMEDA) as previously stated. Click here to view the corrected release. These collaborations exemplify ReElement's role in supporting allied nations' critical mineral independence and building a more diversified and ethical global supply chain. Mr. Jensen continued, "I want to recognize the efforts of our independent director, Ambassador Mark Gilbert, whose leadership and international diplomacy experience have played a critical role in fostering these partnerships. As the world increasingly depends on technologies that require rare earth and critical minerals, we must develop and deploy processes that are both sustainable and economically scalable. That's exactly what ReElement is doing." ReElement's refining platform has been engineered to separate rare earths and critical minerals with exceptional efficiency, scalability, and purity. Their patented, programmable platform handles multiple feedstocks and minerals, enabling rapid modular deployment across locations and resource types. Unlike legacy solvent extraction methods, it uses far fewer chemicals, requires less space, and generates minimal waste - making it faster to permit, simpler to co-locate near feedstock or end-use customers, and eliminates a significant amount of CapEx and OpEx. This breakthrough eliminates a major chokepoint in global critical mineral supply chains, which has been dominated by single-source processing, no longer tenable as the U.S. must forge critical mineral supply chain independence, both through refining in the U.S. and in partnership with allies abroad - while also creating a true circular life-cycle solution. About American Resources Corporation (NASDAQ:AREC)American Resources Corporation is a leader in the critical mineral supply chain, developing innovative solutions both upstream and downstream of the refining process. The company and its affiliates focus on the extraction and processing of metallurgical carbon and iron ore, essential ingredients in steelmaking, as well as critical and rare earth minerals for the electrification market and recycled metals. Leveraging its affiliation and former parent status of ReElement Technologies Corporation, a leading provider of high-performance refining capacity for rare earth and critical battery elements, American Resources is investing in and developing efficient upstream and downstream critical mineral operations. These operations include mining interests in conventional and unconventional sources, recycling, and manufacturing. American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. About ReElement Technologies CorporationReElement Technologies Corporation, a portfolio company of American Resources Corporation (NASDAQ:AREC), is a leading provider of high-performance refining capacity for rare earth and critical battery elements. Its multi-mineral, multi-feedstock platform technology focuses on the refining of recycled material from rare earth permanent magnets and lithium-ion batteries, concentrated ores and brines, as well as coal-based waste streams and byproducts to create a cost effective and environmentally-safe, circular supply chain. ReElement has developed its innovative and scalable "Powered by ReElement" process which collaboratively utilizes its exclusively licensed intellectual property within its partners' material processing flow sheets to more efficiently support the global supply chain's growing demand for magnet and battery-grade products. For more information visit or connect with the Company on Facebook, Twitter, and LinkedIn. Learn more about ReElement Technologies' process and technology here - Video. Special Note Regarding Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation's control. The words "believes", "may", "will", "should", "would", "could", "continue", "seeks", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved. Investor Contact:JTC Team, LLCJenene Thomas(908) 824 - 0775arec@ Media Inquiries:Marjorie Weisskohl703-587-1532mweisskohl@ Company Contact:Mark LaVerghetta317-855-9926 ext. 0investor@ SOURCE: American Resources Corporation View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-08-2025
- Business
- Yahoo
Why TMC The Metals Company Stock Plummeted Last Week
Key Points The Trump administration lifted export restrictions preventing key technologies from being sold to China last week. The export restrictions were suspended in order to help advance trade negotiations between the U.S. and China. Investors are wondering if gaining access to Chinese minerals through a trade deal will mean less need for TMC's seabed mining capabilities. 10 stocks we like better than TMC The Metals Company › TMC The Metals Company (NASDAQ: TMC) stock suffered a big pullback last week in conjunction with geopolitical developments. The seabed-mining specialist's share price fell 24.8% across the stretch. TMC stock got hit with big sell-offs last week in response to news that the U.S. had lifted technology export restrictions preventing high-performance semiconductors and chip manufacturing equipment from being sold to China. While developments that could help facilitate a trade agreement between the U.S. and China have often been bullish catalysts for the broader market, TMC's outlook could actually be better if relations between the two countries remain more adversarial. TMC stock sank on China export news News hit on July 28 that the Trump administration had lifted license requirements that prevented artificial intelligence (AI) processors and semiconductor manufacturing equipment from being sold to China. The move came as part of an effort to advance negotiations for a trade agreement with China. Notably, the U.S. is making continued access to China's rare earth minerals a key pillar of what it's aiming to receive in a trade deal -- and the dynamic has substantial implications for TMC stock. Despite the big pullback, TMC stock is still up 424% across 2025's trading -- and the importance that the Trump administration has placed on improving the United States' mineral sourcing capabilities has been central to the rally. A trade agreement between the U.S. and China has the potential to weaken the company's growth outlook, but there's still a lot of uncertainty as to how things will play out on that front. What's next for TMC? In April, President Donald Trump signed an executive order to accelerate permitting processes needed to advance seabed mining in the U.S., and TMC submitted several permit applications just a few days later. While a trade agreement with China could take some of the urgency out of paving the way for TMC and other players in the seabed mining space to scale their operations, there's a good chance that improving domestic mineral sourcing capabilities will continue to be a national priority. Should you invest $1,000 in TMC The Metals Company right now? Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why TMC The Metals Company Stock Plummeted Last Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
France 24
20-07-2025
- Science
- France 24
Restoring sea floor after mining may not be possible, researchers warn
One of the last wild zones on the planet, the sea floor is a coveted frontier for companies and countries eager to access minerals that are in high demand for emerging technologies such as electric cars. Particularly coveted are potato-sized nodules containing cobalt, nickel, copper and manganese, that are found in abundance on the seabed in the central Pacific Ocean. Companies eager to vacuum up these polymetallic nodules say they can do it with minimal risk to the deep-sea environment. But ocean defenders have battled against what they see as the advent of an industry that will threaten isolated ecosystems that are not yet well understood. That threat was underscored by European scientists who presented findings this week on the sidelines of a meeting in Kingston, Jamaica of the International Seabed Authority, which is trying to finalize future rules for seabed mining. "If we remove nodules from the seabed, we do not know what we lose, only that it's lost forever," was one of the conclusions of DEEP REST, a sea floor conservation research project. The DEEP REST study cautioned against using seabed restoration "as a management action for impacted habitats." "So far, all the restoration operations we have attempted within our DEEP REST project have been short-term. And what we observed, is that in the given time, that is to say a few years, the ecosystems do not recover," said Jozee Sarrazin, a researcher at the French Institute for Ocean Science, or Ifremer. "If restoration is possible, it will take a very long time, and at the moment we don't have the data to be able to say if that will be 100 years or 1000 years," the DEEP REST coordinator told AFP. Despite the pressure, the cold, the total darkness, and the lack of nutrition sources at the bottom of the ocean, it is teeming with life. The number of species who live on the deep seabed is not yet known but estimated to be in the millions. Soft corals, sea anemone Broad swathes of the Pacific Ocean where polymetallic nodules are found shelter fauna such as sponges, soft corals or sea anemones. The fauna "only exists in these areas because they need the hard substrate of the nodule to attach," said Matthias Haeckel of the German research center GEOMAR, which presented results of the MiningImpact project in Kingston this week. Vacuuming up these nodules and spreading sediment over the impacted areas reduces population densities, biodiversity and the functioning of ecosystems, MiningImpact's study found. "To make the story short, in the end, we're talking about recovery times of thousands of years," Haeckel said. The nodules themselves form over millions of years. Some research on restoration efforts is underway but the results are not yet in. "We designed artificial nodules made of deep-sea clay and we placed them at different sites" at depths of about 4,500 meters (14,700 feet), Sabine Gollner, a biologist at the Royal Netherlands Institute for Sea Research, told AFP. "But when you take into account the slow growth rates in the deep sea, the slow processes, it will take quite some more years to find out if restoration is effective and to what degree," she said. Massive deposits of sulfide -- a type of mineral deposit found in underwater vents that spit out seawater heated by magma -- should be off-limits, the researchers suggest. These types of underwater geysers are teeming with astonishing and unique biodiversity. "If we extract massive sulfides near active vents, we know what we lose, and we must prevent loss," the DEEP REST study says. But according to Gollner, it would be good to incorporate restoration goals into the mining code being negotiated by the International Seabed Authority's member states. "It's good to include it but with a clear statement that at this moment in time, it cannot be taken into account to reach agreed environmental goals," she said. "For example, a contractor shouldn't be allowed to use that argument to mine a larger area." © 2025 AFP
RNZ News
19-07-2025
- Politics
- RNZ News
Tagata o te Moana for 19 July 2025
In Tagata o Te Moana this week Sam Kauona is again vying to become President of Bougainville. An agreement is signed that may end the political impasse in New Caledonia. Nauru gets closer to a controversial seabed mining deal. The NZ government in a fit of pique ignore Cook Islands 60th anniversary celebrations. All these stories and more from the RNZ Pacific team. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
