DeepGreen Resources announces partnership with Maersk Supply Service in deepsea metals industry
Wednesday, Mar 22, 2017
DeepGreen Resources Inc. ("DeepGreen") is pleased
to announce its partnership with Maersk Supply Service A/S ("Maersk
Supply Service") to recover polymetallic nodules from the Clarion
Clipperton Zone of the Pacific Ocean. The deepsea metals industry is an
opportunity for developing a more environmentally and societally
attractive way to produce cleaner base and strategic metals.
is advancing the NORI Area D Project ("NORI D Project") through its
wholly owned subsidiary Nauru Ocean Resources Inc. ("NORI"). The NORI D
Project is conducted in cooperation with the Republic of Nauru and
advancing the project involves completion of key environmental and
engineering milestones. As part of the NORI D Project, Maersk Supply
Service has committed one Anchor Handler Tug Supply ("AHTS") Vessel and
one Subsea Support Vessel ("SSV") for a total of five marine campaigns
(the "Campaigns") during the period 2017 through 2019. The AHTS vessel
will support environmental studies of the seabed reaching a water depth
of 4000+ meters and the SSV will be utilizing its deck capacity as well
as crane capabilities for testing the nodule harvester prototype. Maersk
Supply Service's service contribution of approximately US$25 million
will convert to DeepGreen common shares.
During the Campaigns,
DeepGreen's offshore team will undertake baseline studies required to
complete a comprehensive Environmental Impact Assessment. DeepGreen will
also collect polymetallic nodules for metallurgical test work and
undertake trials of its nodule harvesting technology. The environmental
studies of the seabed will make use of Maersk Supply Service's
specialized assets built for deep water operations and expertise for
ultra-deep water subsea operations.
Steen S. Karstensen, Chief
Executive Officer of Maersk Supply Service, states, "Maersk Supply
Service appreciates this unique opportunity to partner with DeepGreen
Resources. We believe DeepGreen is well positioned in the seafloor
minerals industry and I am confident that Maersk Supply Service's
deep-water offshore expertise and Integrated Solutions services will
enable us to significantly contribute to the success of this endeavour."
has secured a strong offshore partner that shares our vision for the
recovery of cleaner base and strategic metals from polymetallic nodules
in the Clarion Clipperton Zone," said Keith Calder, Chief Executive
Officer, DeepGreen Resources Inc.
For more information, please visit: http://www.deepgreenresources.com/