US Approves TMC's Exploration Permit for Pacific Deep-Sea Mining Project

en.Wedoany.com Reported - The National Oceanic and Atmospheric Administration (NOAA) has officially approved The Metals Company (TMC)'s application for an exploration license on the Pacific seabed. This move clears a key regulatory hurdle for TMC's dual-track project in the Clarion-Clipperton Zone, an area adjacent to Mexico's maritime jurisdiction and rich in mineral resources.

Meanwhile, the Organisation for Economic Co-operation and Development (OECD) has called on Latin American countries to thoroughly reform critical minerals policies, transforming extraction into a value-added supply chain lever. The organization noted that as Western markets push for source diversification and reduce reliance on China, reducing bureaucratic obstacles and stabilizing regulatory frameworks are essential to securing investment.

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