Deep Sea Minerals, Westwin partner on US polymetallic nodule processing
In June, Deep Sea Minerals’ application submitted under the Deep Seabed Hard Mineral Resources Act was deemed compliant by NOAA.
Deep Sea Minerals (CSE: SEAS) and Westwin Elements are exploring a potential partnership to evaluate processing routes for polymetallic nodules in U.S. waters. The companies signed a non-binding letter of intent (LOI) that outlines a framework for negotiating a definitive agreement after obtaining necessary mining rights and regulatory approvals.
NOAA recently granted Deep Sea Minerals' application under the Deep Seabed Hard Mineral Resources Act (DSHMRA), a significant milestone in the U.S. federal review process for deep-sea mining. The Pacific Ocean is home to polymetallic nodules rich in critical minerals like nickel, cobalt, copper, and manganese, which are vital for various industries.
The proposed agreement with Westwin would involve the joint evaluation of processing and recovery methods for these minerals, with Deep Sea Minerals providing samples and data, while Westwin conducts bench and pilot-scale testing. The goal is to develop a recommended processing route and process flow sheet. Deep Sea Minerals CEO James Deckelman emphasized the importance of this technical evaluation in understanding how polymetallic nodules could fit into a U.S.-based critical minerals supply chain.
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