The company, which is based in Silicon Valley and has a robotics lab in Collingwood, Ont., is looking for both financing and equity investors later this year to help build its business, which uses robotic arms to pick up critical minerals from seabeds. (Axios)

Talking point: Companies like Impossible Metals are in “growth mode,” according to recently hired chief growth officer Mike Regan, amid rising interest in deepsea mining. The White House has come out in support of the mining technique as a way to separate its critical minerals supply chain from China and meet demand for minerals like nickel, cobalt, copper and manganese. That has encouraged rivals, like The Metals Company in Vancouver to apply for deepsea mining rights. Impossible’s Ontario robotics team, led by Canadian co-founder and chief technology officer Jason Gillham, is a key selling point for investors, as the technology minimizes disturbances to sea life.