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Garvit Bhandari

Founder, CEO

Thematic (Sector/Industry)

Norway Metals and mining / Thematic (Sector/Industry)

<ul>
<li>Two regulatory clocks are diverging - the ISA's exploitation code slipped into 2027 after the July 2026 session, while the U.S. domestic route advanced.</li>
<li>Commercialization is maturing but unproven. May 2026 brought the TMC-Allseas production agreement and a $1bn AOMC-Odyssey merger, yet no operator has demonstrated sustained commercial nodule recovery at scale.</li>
<li>Opposition is widening. 46 countries now back a moratorium or pause (up from 32 in 2024), keeping social license and international law legitimacy as material gating risks for investors.</li>
</ul>


Two regulatory clocks are diverging - the ISA's exploitation code slipped into 2027 after the July 2026 session, while the U.S. domestic route advanced.
Commercialization is maturing but unproven. May 2026 brought the TMC-Allseas production agreement and a $1bn AOMC-Odyssey merger, yet no operator has demonstrated sustained commercial nodule recovery at scale.
Opposition is widening. 46 countries now back a moratorium or pause (up from 32 in 2024), keeping social license and international law legitimacy as material gating risks for investors.


Deep Sea Mining Monthly Monitor (September 2026): U.S. Pulls Ahead as ISA Code Is Stalled