New Polymetallic Nodules Collection System Tested Key Region of the Pacific Ocean
14th October 2022
NASDAQ-listed The Metals Company (THC) says it has successfully collected polymetallic nodules from the seafloor of the Pacific Ocean as part of a trial of a new nodule collection system.
The trial marked the first such test in the Clarion Clipperton Zone (CCZ) since the 1970s. The CCZ is a 1.7-million-square-mile fracture zone in the eastern Pacific Ocean that contains trillions of potato-size polymetallic nodules lying on the muddy seafloor or just below. The rock-like deposits contain metals needed for the production of batteries that will be critical for the clean energy transition.
Cue hand-wringing by Eco-Nazis.