TMC the metals company Inc. has announced a $37 million investment led by Michael Hess to advance the exploration of deep-sea minerals critical to several cornerstone industries. Brian Paes-Braga of SAF Group and an existing strategic investor are also participating, marking a significant boost for the company’s ambitious projects.

The Metals Company, a Canadian pioneer in deep-sea mining, is making a bold move to secure the industry’s first commercial contract by appealing directly to US President Donald Trump. This unprecedented approach aims to advance the controversial practice by garnering support from a key global leader.

As companies eye the deep sea for critical minerals essential to green technologies, stalled negotiations may lead to mining without proper environmental safeguards. The International Seabed Authority’s failure to finalize regulations raises concerns over the protection of untouched, biodiverse ecosystems.