United States Senate Energy Subcommittee on Public Lands, Forests, and Mining

Congressional Leaders Urge President Biden and the Department of Defense to Consider Polymetallic Nodules for U.S. Critical Mineral Supplies and National Security

Retrieved on: 
Monday, July 31, 2023

In a letter to President Biden and the Pentagon, nine members of Congress urged the Administration to “keep all options on the table, including deep-sea opportunities, in assessing polymetallic nodules as a viable resource to secure critical minerals and close national security vulnerabilities.”

Key Points: 
  • In a letter to President Biden and the Pentagon, nine members of Congress urged the Administration to “keep all options on the table, including deep-sea opportunities, in assessing polymetallic nodules as a viable resource to secure critical minerals and close national security vulnerabilities.”
    The news comes as American and allied auto and battery makers struggle to secure supplies of critical battery metals that comply with guidelines for incentives under the Inflation Reduction Act.
  • Additionally, China dominates much of the international critical mineral supply chain on land and is now ramping up focus on seafloor resources known to be the largest estimated source of metals like cobalt, nickel and manganese, presenting a national security vulnerability for the United States…Recently, China has taken aggressive and brazen steps to secure and process seabed resources of polymetallic nodules into strategic planning for national security.
  • Currently, Chinese companies hold 5 out of 31 International Seabed Authority (ISA) contracts for exploration and development – more than any other country.”
    In March, China’s state-owned newspaper China Daily recognized TMC’s leadership position in the industry and announced its intention to invest further into the development of technologies to responsibly and economically recover seafloor polymetallic nodules.
  • In reply, Secretary Granholm confirmed, “Ongoing R&D on critical battery minerals processing through the DOE Office of Science and the Advanced Manufacturing Office is applicable to potential U.S. domestic processing and refining of metallic marine nodules...DOE is continuing to work with interagency partners to consider all potential sources of critical minerals for the supply chain including the role that seabed nodules could play in the future.”

US Congress Directs Pentagon to Assess Domestic Processing of Polymetallic Nodules under National Defense Authorization Act

Retrieved on: 
Friday, June 30, 2023

NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).

Key Points: 
  • NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).
  • Entitled “ H.R.
  • 2670 – National Defense Authorization Act for Fiscal Year 2024; and H.R.
  • In reply, Secretary Granholm confirmed, “Ongoing R&D on critical battery minerals processing through the DOE Office of Science and the Advanced Manufacturing Office is applicable to potential U.S. domestic processing and refining of metallic marine nodules...DOE is continuing to work with interagency partners to consider all potential sources of critical minerals for the supply chain including the role that seabed nodules could play in the future.”

FLO and ChargerHelp! Sponsor Legislation to Improve Electric Vehicle Infrastructure

Retrieved on: 
Monday, March 6, 2023

Over the next few years, New York is expected to incentivize EV charging infrastructure deployment to the tune of nearly $1 billion through a combination of state programs and funding secured through the federal Infrastructure Investment and Jobs Act (IIJA).

Key Points: 
  • Over the next few years, New York is expected to incentivize EV charging infrastructure deployment to the tune of nearly $1 billion through a combination of state programs and funding secured through the federal Infrastructure Investment and Jobs Act (IIJA).
  • This bill will help safeguard critical investments being made in EV charging infrastructure by establishing reliability standards that put the EV driver first," said Daniel Bloom, Public Affairs Manager at FLO.
  • "Thanks to the support of Chairman Parker and Assemblyman Cunningham in our efforts to improve the overall EV experience and accelerate EV adoption."
  • For more information on the EV Charging Reliability Transparency Act, visit: NY State Senate Bill S5120A.