Highlights
- Impossible Metals aims to deliver essential metals using innovative technology.
- Deep sea mining has a long history but is evolving with new tech.
- The company uses autonomous robots to minimize environmental impact.
- Polymetallic nodules are abundant on the seabed and easy to collect.
- Seabed mining is heavily regulated, similar to land mining.
- The economic model suggests deep sea mining could be significantly cheaper than land mining.
- Investor interest is growing as regulatory hurdles are addressed.
- The target market includes industries reliant on metals for technology and EVs.
- Environmental impacts of deep sea mining can be managed effectively.
- The company plans to conduct a test mine in 2027, with full operations expected by 2029.
Summary
In this episode, Oliver Gunasekara, CEO of Impossible Metals, discusses the innovative approach to deep sea mining using advanced robotics and AI technology. The conversation covers the formation of polymetallic nodules, the regulatory landscape, economic viability compared to land mining, and the environmental considerations associated with deep sea mining. Oliver also shares insights into the company's future plans and the timeline for their mining operations.
Chapters
- 00:00 Introduction to Impossible Metals
- 03:01 Innovative Technology in Deep Sea Mining
- 06:08 Geology and Formation of Polymetallic Nodules
- 09:03 Regulatory Framework and Licensing in Deep Sea Mining
- 12:00 Economic Viability and Market Potential
- 15:00 Technological Challenges and Solutions
- 18:01 Funding and Investor Reception
- 21:00 Target Markets and Environmental Considerations
- 24:14 Future Plans and Timeline for Mining Operations
- 27:02 Conclusion and Final Thoughts
