Impossible Metals pitches profit-sharing seabed mining plan for CNMI to BOEM

SAIPAN — A U.S. seabed-mining startup has formally told federal regulators it wants to mine polymetallic nodules in waters east of the Northern Mariana Islands and is offering a profit share for the CNMI if leasing moves forward. In a letter to the Bureau of Ocean Energy Management (BOEM), Impossible Metals CEO Oliver Gunasekara said the San Jose-based, Delaware-incorporated company is “affirm[ing] our commercial interest in a lease in this area” under BOEM’s Request for Information and Interest for offshore minerals in the CNMI exclusive economic zone, docket BOEM-2025-0351.

NMI News Service