U.S. President Donald Trump issued an executive order instructing key cabinet leaders and government agencies to speed up the review of seabed mineral exploration licenses while ensuring competitiveness for American companies. (The Logic)
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U.S. President Donald Trump issued an executive order instructing key cabinet leaders and government agencies to speed up the review of seabed mineral exploration licenses while ensuring competitiveness for American companies. (The Logic)
Talking point: The order paves the way for Vancouver-based The Metals Company to advance its technology, though investors seemed split on how the Canadian company will fare under the U.S.-focused policy. Shares plummeted more than 20 per cent on the Nasdaq in afternoon trading Friday, after rising 45 per cent on Thursday. The Metals Company said it welcomed Trump’s order and will “play a central role in supporting an American industrial ecosystem,” with plans for its U.S. subsidiary to file license and permit applications in the U.S. in the second quarter.
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