This event marks the first time the United States has ever held a lease sale for deep-sea mining in terms of commercial extraction. The move formally opens U.S. jurisdictional waters to seabed mineral mining ventures.
Tuesday, October 20, 2026
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U.S. Schedules First Deep Sea Mining Lease Sale for Nov 19
Commodities19 hours ago
Federal officials will conduct a bidding process for seabed mineral rights in the waters surrounding American Samoa to designate extraction zones. The auction is scheduled for Nov. 19 and will determine which companies obtain the rights to harvest resources from the ocean floor.
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