REM International’s Executive Management will expand on the ongoing exploration and development of the project site which has the potential to be a full of metal-rich resources that sits a few kilometers below the ocean’s surface.

REM International’s Exploration Manager, Mr. Satoshi Tanaka commented on the Izu Islands feasibility study saying “We believe that this potential project site will represent an amazing resource for commodities including significant quantities of copper, cobalt and nickel as well as manganese. These are the metals in demand and these are the resources we need to supply the growing electric vehicle industry, renewable energy and technologies for future generations.”

“We are concluding matters for our feasibility study to make absolutely certain we can responsibly bring this supply of metals for our future to market. Our ultimate aim is to carry out our exploration operations with minimal environmental impact and with maximum respect for the ocean to ensure the world has access to the growing demand of metals essential to meet a sustainable economy that benefits everyone,” added Satoshi Tanaka, Exploration Manager for REM International.

About Us - REM International

REM International is a mineral exploration and production company with a commitment to discover, develop and produce from Rare Earth Mineral sites throughout the Pacific Ocean. REM International has a focus on innovative, state of the art technology in its exploration, analysis and mining of mineral sites, utilizing the latest advances in undersea robotics.

REM International has mining interests in both the Okinawa trough which lies to the northwest of Okinawa Island and off of the Izu Islands south of Tokyo bay. REM International geologists were also recently a part of an exploration of over 78 sites across the Pacific Ocean which concluded that more than 100 billion tons of rare earth minerals reside in the soft mud of the Pacific floor.

Japan consumes approximately 30,000 tons of rare earth metals each year and the Japanese Natural Resources and Energy Agency has, over the last few years, placed a focus on increasing Japan’s production of rare earth metals, offering development grants and exploration concessions in both the Okinawa Trough and around the Izu Islands. Both areas are highly active volcanic regions with rare earth producing hydrothermal vent systems.