After meticulous assessment of the deep-sea floor, Yokohama Marine Mining announced an upward revision to the polymetallic nodule resources which is now estimated as 3.8 megatons of mineral-rich resources.

Yokohama Marine Mining Chief Geological Officer, Mr. Bart Andrews commented on the Takuyo deep-sea assessment saying “As more and more countries invest in large-scale clean and green energy projects, securing the minerals required to build batteries modules for storing renewable energy and powering electric vehicles is extremely vital and our analysts have predicted that the demand for nickel is projected to rise by over 35 percent over the coming years.”

“Yokohama Marine Mining are planning to produce metals from the polymetallic rocks to make batteries to power the growing demand for electric vehicles. In addition, our analysts reported a notable rise in grades of manganese, cobalt and nickel and have also determined that the electronic vehicle manufacturers are moving towards increasingly nickel-rich chemistries which offer a far larger energy density than other battery types, while analysts also warned that new land-based discoveries of commodities may not keep up with the predicted demand,” added Bart Andrews, Chief Geological Officer of Yokohama Marine Mining.

About Us - Yokohama Marine Mining

At Yokohama Marine Mining, we have a commitment to discover, develop and produce from rare earth mineral from locations throughout the Pacific Ocean.

Japan consumes more than 30,000 tons of rare earth metals every year. The Agency for Natural Resources & Energy in Japan have placed a significant emphasis on developing production of rare earth metals in the country. They have offered numerous development grants and exploration concessions.

We focus our exploration locations in the Pacific Ocean within 500km of the coast of the islands of Japan. Having undertaken exploration of over 100, we estimate that more than 100 billion tons of rare earth minerals are available in the sediment on the ocean floor.