Curated News
By: NewsRamp Editorial Staff
July 15, 2025
Lockheed Martin Explores Seabed Mining Partnerships to Boost U.S. Mineral Supply
TLDR
- Lockheed Martin's seabed mining licenses offer mining companies a strategic advantage in accessing critical minerals, enhancing domestic production capabilities.
- Lockheed Martin is negotiating access to its 1984-granted Pacific Ocean seabed mining licenses, following updated regulations for exploration and recovery permits.
- Facilitating access to seabed minerals supports the U.S. in securing essential resources, potentially leading to technological advancements and economic growth.
- Lockheed Martin's seabed mining rights, dormant since 1984, are now a hot topic as the U.S. seeks to boost mineral production.
Impact - Why it Matters
This development is significant as it underscores the U.S.'s efforts to secure a stable supply of critical minerals, essential for various industries including technology, defense, and renewable energy. By leveraging Lockheed Martin's seabed mining licenses, the U.S. could reduce its reliance on foreign mineral sources, enhancing national security and economic resilience. The move also reflects the growing importance of seabed resources in meeting global demand for critical minerals.
Summary
Lockheed Martin, a global aerospace and defense leader, is currently in preliminary discussions with several mining companies to provide access to its Pacific Ocean seabed mining licenses. This move is part of the U.S. government's broader strategy to boost domestic production of critical minerals. Frank St. John, Lockheed Martin's COO, highlighted the growing interest in the company's exploration rights, initially granted in 1984, though the potential value of these deposits remains undisclosed. The discussions coincide with recent regulatory changes, including President Trump's executive order to expedite the exploration and permitting process for seabed minerals and the National Oceanic and Atmospheric Administration's proposed rule to modernize the regulatory framework for seabed mining.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Lockheed Martin Explores Seabed Mining Partnerships to Boost U.S. Mineral Supply
