You Can Take a Stake in Elon's xAI Before June 1st...

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Canadian company turns to Trump for permission to mine international waters, bypassing a UN agency

DÁNICA COTO
April 29, 2025

SAN JUAN, Puerto Rico (AP) -- A Canadian company announced Tuesday that its U.S. subsidiary submitted applications to the National Oceanic and Atmospheric Administration to mine the seafloor, sparking outrage by bypassing a U.N. agency that regulates deep international waters.

The Metals Company said that it was seeking two exploration licenses and a commercial recovery permit, marking the first time a company applies to commercially mine the seabed.

The filing is expected to spark a complex legal battle since the Jamaica-based International Seabed Authority, a U.N. agency that regulates international deep-sea waters, has the power to authorize exploitation permits.

"Any commercial exploitation outside of national jurisdiction carried out without the authorization of ISA would constitute a violation of international law," the authority said in late March after The Metals Company announced its intention to seek permission from the U.S. government to start deep-sea mining in international waters.

There are currently no regulations in place to oversee such mining as scientists warn that extracting minerals from vital ecosystems that help regulate climate change could cause permanent damage.

The filing comes less than a week after U.S. President Donald Trump issued an executive order that directs the Secretary of Commerce to expedite the review and issuance of exploration and commercial recovery permits, among other things.

"With these applications, we are offering the United States a shovel-ready path to new and abundant supplies of nickel, copper, cobalt, and manganese -- critical metals for energy, infrastructure and defense," Gerard Barron, chairman and CEO of The Metals Company, said in a statement.

Environmentalists and activists decried the move, saying that ISA has the sole power to authorize exploitation permits.

"This unilateral American effort to carve up the Pacific Ocean already faces fierce international opposition," said Ruth Ramos, Greenpeace's international senior campaigner. "Governments around the world must now step up to defend international rules and cooperation against rogue deep-sea mining."

For years, members of the authority's council have debated how and if to allow deep-sea mining. So far, the authority has only issued exploration licenses, with most of the current exploratory activity concentrated in the Clarion-Clipperton Fracture Zone, which covers 1.7 million square miles (4.5 million square kilometers) between Hawaii and Mexico. At least 17 of 31 licenses have been issued for this zone, with exploration occurring at depths ranging from 13,000 to 19,000 feet (4,000 to 6,000 meters).

The International Seabed Authority was created in 1994 by the U.N. Convention on the Law of the Sea, which is ratified by more than 165 nations -- but not the United States.

The Metals Company has argued that the U.S. seabed mining code would allow it to start operations in international waters, since it's not a member of the authority and therefore not bound by its rules.

"After continuous delay at the international level, the United States now has a clear opportunity to reclaim its leadership role in the deep sea and set a global standard for responsible, science-based deep-seabed resource development," Barron said.

In late March, the Vancouver-based company announced that it would seek permission from the U.S. to start deep-sea mining in international waters to extract minerals used in electric car batteries and other green technology.

The announcement was made just hours before the council of the ISA met on the last day of a two-week conference focused on how and whether to allow such mining. Scientists have said that a rush to collect minerals that take millions of years to form could unleash noise, light and smothering dust storms deep in the Earth's oceans.

Mining companies have said that harvesting minerals from the seafloor instead of from land is cheaper and has less of an environmental impact.

A spokesperson for the authority didn't immediately respond to a message seeking comment.

The authority has said that it has the sole legal mandate to regulate mineral-related activities in the international seabed. It noted that the international legal regime established by the U.N. Convention on the Law of the Sea applies to all states, regardless of whether they are members or not.

Continue Reading...

Popular

How To Earn $500 A Month From T-Mobile Stock Ahead Of Q1 Earnings

T-Mobile offers a quarterly dividend amount of 88 cents per share ($3.52 a year). Here's how to earn $500 monthly.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

US robot makers hope to beat China in humanoid race. Tariffs could affect their ambitions

BOSTON (AP) — weren't on the agenda of this week's Robotics Summit, where thousands of tech industry workers mingled with humanoid and other robot varieties and talked about how to build and sell a new generation of increasingly autonomous machines.

The No.1 Stock for Trump Bump Profits - Ad

Money & Markets' Chief Investment Strategist, Adam O'Dell, just unveiled his No. 1 stock to capitalize on the 'Trump Bump' in the markets. It's a stock that Adam says is... "On the cusp of exploding upwards... as a direct result of Trump's latest move. It's an opportunity that won't come around again for multiple decades."

Immigrants working legally in the Texas Panhandle live in limbo under Trump's crackdown

PANHANDLE, Texas (AP) — The truck driver is cutting his lawn on a windy afternoon, in a town so quiet you can take afternoon walks down the middle of Main Street.

Days before Canada's election, Trump insists that Canada needs the US more than the US needs it

WASHINGTON (AP) — President Donald Trump said Wednesday that Canada would “cease to exist” if it weren’t for the United States — comments that came just days before Canadians are set to vote in an election dominated by Trump’s remarks on the country’s economy and sovereignty.

Our 2 Best Stocks to Play Trump's "Stargate" - Ad

The first is a little-known company that already got a takeover offer from Nvidia. The second is a firm that's trading at just $20 a share and has a 7% yield.

Trump's trade demands go beyond tariffs to target perceived unfair practices

FRANKFURT, Germany (AP) — The Trump administration says the sweeping tariffs it unveiled April 2, then , have a simple goal: Force other countries to drop their trade barriers to U.S. goods.

Marathon Petroleum Refining Margins Fall Drags Q1 Profit

Marathon Petroleum Corp. (NYSE:MPC) reports higher Q1 results with revenue of $31.85B, adjusted EBITDA of $2B, and EPS loss of $(0.24) compared to $(2.58) last year. Refining segment impacted by lower market crack spreads, but Midstream business continues to grow. Company also declares quarterly dividend.

Trump's Crypto Buy Just Triggered a Surprise Stock Play - Ad

Trump just announced a U.S. crypto buying spree. But we're not touching crypto directly. We found a stock that's essential to the entire crypto ecosystem - Without the crypto risk. It could be the safest way to cash in on the craze.

Tens of thousands of Los Angeles County workers begin 2-day strike

LOS ANGELES (AP) — More than 50,000 Los Angeles county workers began a two-day strike Monday evening, closing libraries and disrupting administrative operations across the nation's most populous county.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

California high-speed rail leader pushes state to support private investment

SACRAMENTO, Calif. (AP) — A long-delayed project promising nonstop rail service between San Francisco and Los Angeles in under three hours may be able to secure the private funding it desperately needs if California agrees to pay the investors back, its chief executive told The Associated Press.

Brag, Burn, Learn: ZJK Industrial's Costly Nvidia Lesson

After briefly flirting with global fame and the volatility that accompanied it, this firm seems to have learned its lesson.

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Juan Villaverde may be America's top crypto expert. According to Juan's timing model, we are entering what could be the biggest bull market in crypto's history. With America's first crypto president in office, it could be the biggest gains the market has ever seen. And one special coin could skyrocket.

Most Americans Say Their Finances Are Getting Worse, Survey Finds

More than half of respondents now expect the stock market to decline, a reversal from earlier this year when optimism was stronger.

Trump's Greenland Ambitions Get Rebuked: Prime Minister Says'The Talks From The United States Have Not Been Respectful'

Greenland's Prime Minister rebukes US for disrespectful approach to acquisition talks, emphasizing the territory will never be sold while Danish leadership affirms support

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Asian shares inch higher as uncertainty over US tariffs persists

HONG KONG (AP) — Asian markets inched higher in cautious trading on Monday as investors watched to see what may come of negotiations over U.S. President Donald Trump’s tariffs.

US and UK expected to make announcements after Trump touts a 'major trade deal'

WASHINGTON (AP) — The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s and potentially deliver a political victory for Prime Minister Keir Starmer.

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

China lowers minimum amount for tax refunds for tourists to boost spending

BEIJING (AP) — China announced a lower threshold for tax refunds for foreign tourists among a series of policies on Sunday to boost consumption as during a between Beijing and Washington.

A bushel of fruit and vegetable motifs give decor a healthy farmstand vibe

Interior designer and stylist Jonny Carmack has a “fruit room” in his Danbury, Connecticut, home. Colorful faux produce bedecks every inch, from the cherry-shaped ceiling fixture to a strawberry side table and a bunch of other juicy gems in decorative forms.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Asian shares advance after a quiet day on Wall St, despite tough talk on tariffs

NEW YORK (AP) — Asian shares were mostly higher on Tuesday after U.S. stocks drifted to a mixed, quiet finish ahead of a busy week of corporate earnings and economic data that could bring more

Pony.ai Shares Volatile Amid Strategic Tencent Partnership And Hesai Lidar Integration: What's Going On?

Pony AI Inc. (NASDAQ: PONY) shares are trading lower Friday despite the company announcing two significant developments aimed at boosting its autonomous driving capabilities and commercialization efforts.

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

A new coin is emerging in the crypto world. And investing in it now could end up like Bitcoin or Ethereum during their first bull runs.

Nintendo Stock Hits All-Time High Amid Switch 2 Preorder Frenzy: What You Need To Know

Nintendo stock is soaring on Thursday amid outsized demand for its latest video game console. The company said it received 2.2 million applications in the lottery for its Switch 2 device in Japan, far exceeding expectations.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Activists to rally worldwide on May Day, with US protests targeting Trump policies

CHICAGO (AP) — From worker rights rallies to marches for social justice, activists around the globe will kick off demonstrations on Thursday.

Jeff Bezos Says It's 'Easy To Have Ideas' — But Here's Why Only The Relentlessly 'Stubborn' Can Turn Them Into Trillion-Dollar Businesses Like Amazon

Jeff Bezos explained that turning ideas into successful billion-dollar businesses like Amazon requires a unique blend of "stubborn relentlessness" and "flexibility," emphasizing the hard work and adaptability needed to bring ideas to life.

You Can Take a Stake in Elon's xAI Before June 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Florida lawmakers approve changes to condo safety law passed after Surfside collapse

TALLAHASSEE, Fla. (AP) — Florida lawmakers gave final approval Wednesday to a bill aimed at reforming a condominium safety law passed in 2022 in the wake of the partial collapse of Champlain Towers South, which in Surfside in June 2021.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service