Ocean Conservation & Tidalpunk

• Norway’s plans to mine seabed minerals in Arctic waters remain in limbo after the first licensing round was delayed in December 2024. However, the government maintains that progress will resume soon, with a licensing round tentatively set for 2026.
• Some deep-sea mining companies have faced significant financial struggles due to the delay, with one company going bankrupt and another slashing costs; yet, other firms remain optimistic, insisting the industry’s future is still secure.
• Experts warn that considerable knowledge gaps must be addressed before deep-sea mining can proceed, particularly regarding environmental impacts.
• In Norway, the industry also continues to face heavy opposition from environmental groups, the fishing sector, and several political parties.

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