SeaBird Exploration Signs LOI with OSI

Source: www.gulfoilandgas.com 3/23/2021, Location: Europe

Green Minerals AS, a subsidiary of SeaBird Exploration Plc, announces a letter of intent (“LOI”) with a consortium led by Oil States Industries (UK) Ltd to collaborate on a FEED study for a turnkey Harsh Environment Deep Sea Mining System (HEDSMS) against a long term contract for exclusive use within Norwegian jurisdiction as defined by the Seabed Minerals Act of 2019.

The company anticipates first ore under it`s planned pilot in 2026. The recovered ore is expected to contain significant grades of minerals needed for the green shift, such as copper, cobalt, nickel and rare earth elements (REE)


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