NOW
Why Now

Permitted, pressured, and backed.

A regulatory path has opened, the supply of these metals is being cut off, and a national-security buyer is stepping in. The window is now.

A permitted path

A new American offshore-minerals industry just opened.

In April 2025, Executive Order 14285 — Unleashing America's Offshore Critical Minerals and Resources — directed an expedited permitting process for seabed minerals under the Deep Seabed Hard Mineral Resources Act. The first consolidated NOAA application was deemed fully compliant in 2026, with a licence and commercial-recovery permit expected in early 2027. For the first time in decades, there is a clear path that a disciplined operator can follow.

$5–8T
Contained mineral value, American-held licenses
9
U.S. companies in offshore minerals
13
Properties under NOAA license or application
Q1 2027
First commercial-recovery permit expected
The supply squeeze

The metals are being cut off at the source.

The minerals nodules carry are exactly those whose supply is tightening — through export bans, controls and concentration in a handful of jurisdictions.

JurisdictionActionExposure
DR CongoCobalt export ban~70% of global production
ChinaRare-earth export controls71% of U.S. imports
GabonManganese ore restrictions64% of U.S. imports
IndonesiaNickel ore export banworld's largest producer

The United States is 100% net-import reliant on 12 critical minerals — including manganese and cobalt — and at least 50% reliant on 29 more, including nickel and copper. Nodules contain all four of the metals at the centre of that exposure.

A national-security buyer

The government is stepping in.

In February 2026, the Assistant Secretary of War for Industrial Base Policy told the Senate Armed Services Committee that securing a resilient critical-minerals supply chain is a clear and present national-security priority — and pointed to the federal tools now funding domestic production. The metals nodules deliver sit squarely inside that mandate.

DPA
Defense Production Act funding to reshore & onshore production
OSC
Office of Strategic Capital — loans, guarantees & financing
Stockpile
National Defense Stockpile modernization & offtake
12
Critical minerals at 100% U.S. import reliance

The takeaway. Most of the industry models nodules as a battery-metals story. We also see a defense and infrastructure story: an American source of nickel, manganese, copper and cobalt, arriving exactly as the government builds the funding and offtake tools to support domestic supply. Talk to us →

Source: U.S. Department of War, "Securing Rare Earth Elements: A National Security Imperative" (Feb 2026); Executive Order 14285 (Apr 2025); USGS Critical Minerals List. The Department of War statement concerns critical minerals broadly, including rare earths; nodules deliver nickel, cobalt, copper and manganese, not rare earths.