Metals
Gold$4,429.95+0.09%|
Silver$66.21+0.04%|
Platinum$1,824.15+0.75%|
Palladium$1,390.36-0.36%|
Gold$4,429.95+0.09%|
Silver$66.21+0.04%|
Platinum$1,824.15+0.75%|
Palladium$1,390.36-0.36%|
Latest News
Bluebird, Raptor to acquire 100% of Santa Teresa gold project in Mexico|Forrestania boasts groupwide two-million ounce resource portfolio|Ferrexpo shares soar as trading resumes, some production restarts|Rainbow, Mosaic initiate PFS for Brazil rare earth project|BMI lists screening of foreign investment, high labour costs, wildfires as Australian mining's main risks|Viridis places first major equipment purchase order for Colossus rare earths mine|ACG buys nearby gold prospect to feed Gediktepe plant in Türkiye|Wall Street indecisive after gold price rollercoaster ride, Main Street clings to bullish majority as CPI takes center stage|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|Bluebird, Raptor to acquire 100% of Santa Teresa gold project in Mexico|Forrestania boasts groupwide two-million ounce resource portfolio|Ferrexpo shares soar as trading resumes, some production restarts|Rainbow, Mosaic initiate PFS for Brazil rare earth project|BMI lists screening of foreign investment, high labour costs, wildfires as Australian mining's main risks|Viridis places first major equipment purchase order for Colossus rare earths mine|ACG buys nearby gold prospect to feed Gediktepe plant in Türkiye|Wall Street indecisive after gold price rollercoaster ride, Main Street clings to bullish majority as CPI takes center stage|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|
Back to News
Precious Metals

US proposes seabed mining auction off Northern Mariana Islands

US proposes seabed mining auction off Northern Mariana Islands
18 August 20265 Mins read

The US Interior Department on Monday proposed a sale this year of deep-sea mining leases in US waters surrounding the Northern Mariana Islands, the latest step in President Donald Trump's push to expand domestic supplies of critical minerals.

The Marine Minerals Administration (MMA) proposed an offshore minerals auction covering about 67-million acres of seabed east and west of the US Pacific territory.


The sale would be held on December 16, in California, with leases awarded through a competitive bidding process.

The leases would allow companies to explore for and potentially develop deposits of critical minerals used in batteries, electronics and defense technologies.


MMA acting director Matt Giacona said in a statement the proposal is intended to support US access to minerals needed for supply chains, manufacturing and national security.

Officials will first consider comments from the governor of the Northern Mariana Islands before deciding whether to move forward, the MMA said in a notice proposing the sale.

A spokesperson for Governor David Apatang was not immediately available for comment. In comments submitted to the administration in January, Apatang said he neither supported nor opposed seabed mining, citing the need for additional information on its environmental impacts.

Last month, the Trump administration proposed leasing more than 31-million acres of seabed off American Samoa for deep-sea mining as part of a broader effort to reduce US reliance on foreign sources of critical minerals.

Environmental groups have opposed deep-sea mining, arguing that more research is needed on its effects on marine ecosystems. Supporters say mining could provide a new source of minerals used in electric vehicles, electronics and military equipment. 

Our Trusted Brands

Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake
Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake

News & Updates

Subscribe to Our Latest News & Updates