How Impossible Metals plans to mine the seabed with autonomous robots
Impossible Metals co-founder Jason Gillham discusses the company's AUVs, deep-sea mining plans and environmental outlook.
29 May 2024
29 May 2024
Impossible Metals co-founder Jason Gillham discusses the company's AUVs, deep-sea mining plans and environmental outlook.
This collaboration aims to expedite the deployment of this battery-electric haul trucks in mining operations.
The company’s review will focus on various alternatives, including forming joint ventures or selling projects.
The deal will give the company a low entry cost and exploration opportunities in a prospective geological setting.
The capital raised from the placement is anticipated to strengthen Adriatic’s balance sheet.
The agreement is subject to certain considerations and exploration expenditures that Riverboat has to meet.
Yellow Iron Fleet's responsibilities will include establishing mine site operating facilities and hiring mining personnel.
The company noted that the ramp-up to commercial production is targeted in the third quarter.
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