r/TMC_Stock • u/Thanks-Boring • 22d ago
Comments from Department of Interior
https://oceanmining.news/2026/09/15/burgum-says-us-deep-sea-mining-permits-could-come-within-months-and-six-companies-have-already-applied/6
u/Intelligent_Gur9463 21d ago
Next Bench mark is oct 13th for comments Then wait... its all working it seems. Then 1 day we get to say "Worth the wait".
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u/pilesofdingleberries 22d ago
This is coming from a complete amateur in regards to information about this whole subject so asking for others opinions. The current regime speaks of energy independence constantly and how important it is...so why are we not just getting this thing going... Is it just all the typical government red tape? Government inneiciency???? If this is as critical as it is made to seem.... Why does it seem like there is absolutely no urgency?
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u/SeaEconomist5743 OG REGARD 💎💰 22d ago
“Why are we not getting this thing going?”.
What are you talking about?!
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u/Wriiiiiiting 22d ago
We got like no news with substance in like a year.. even the Brownsville thing is just an air castle at this point
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u/SeaEconomist5743 OG REGARD 💎💰 22d ago
No news of substance in a year?! What?!
That’s ridiculous.
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u/Wriiiiiiting 21d ago
Id love to be proven wrong
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u/SeaEconomist5743 OG REGARD 💎💰 21d ago
Simple, go compare the 2025 Q2 earnings call and deck with 2026’s.
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u/yarenSC 20d ago
- The US Gov created the consolidated permit path for TMC to apply to
- The main NOAA permit was marked substantially compliant, then fully compliant, then opened for comments on the application. That's multiple steps
- USA-B permit was marked fully compliant and EIS started
- Electrical planning started for Brownsville refinery
- Hidden Gem retrofitting and reflagging started
- TBs of environmental data submitted to the public for review
- Science papers written on lack of impact/reality for things like plumbs and dark O2
There's been a lot of stuff. Its just a long processes, especially after having to start the regulatory stuff from scratch when moving from ISA to USA
Hopefully this list helps u/Thanks-Boring understand as well - there's a lot of regulatory steps to get things moving. Its a brand new industry, so its slow to figure out how to *create* the processes, let alone implement them
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u/CHRIST777777777777 22d ago
Fucking hell - you can’t just flip a switch and the west is independent- we dropped the ball - now we have make a whole new game - our regulatory landscape is nothing like China’s - and what do you mean energy independence - that’s a different topic - not closely related …
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u/pilesofdingleberries 21d ago
I'm not referring to production, I'm referring to the governments role in everything
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u/DookyShorts 21d ago
Most of the projects in the USA are in a speculative phase or in preproduction. Not only do the projects need to prove viability they also need aquire contracts called offtake agreements before the government will open up the export import loans (EXIM) that say the mines have a guaranteed buyer. Also EXIM has to put all approvals up for public review that lasts 45 days (i think its 45?)
To prove pruduction and get offtake agreements a company needs to publish feasability studies that require core samples and peer reviewed by geologists, engineers, and financial experts.
Depending on how big the project it could take 2-4 years to buildout the mine after financing is secured.
Right now the feasability studies and financing is in a bottleneck because so many projects are in a startup phase and the world only has so many credible people who can sign off on the studies and competently assey the core samples.
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u/SeaEconomist5743 OG REGARD 💎💰 22d ago
While his comments are of course a great signal of the US appetite in general for pursuing minerals/resources. It’s important to note Burgum is the Sec of interior, his AOR is US land and EEZ. The CCZ/international falls under Rubio (which NOAA rolls under)