EXCLUSIVE: Impossible Metals CEO Says Presale Agreements 'Quite Attractive' For Funding Deep-Sea Projects Vs. IPO

Quick Summary:

Impossible Metals says its "autonomous underwater vehicles" are much more environmentally friendly than dredging technology that vacuums up the ocean floor along with the nodules and creates plumes of sediment. 

Rather, the company's vehicle hovers over the ocean floor and collects nodules individually with robitic arms.

The chief executive of Impossible Metals, a privately held company developing ocean floor mining technology, is leaning toward offtake agreements rather than a public listing to fund full commercial operations.

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Article Details

Author / Journalist: Matt Whittaker

Category: Technology

Markets: United StatesJamaica

Topics: Exclusives Government Markets Oliver Gunasekara Interview Stories That Matter TMC Tech Benzinga Commodities Regulations Impossible Metals Mining Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 20:43:18 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 847 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21737288

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