Unleashing America's Offshore Critical Minerals and Resources
1. Purpose
To advance U.S. leadership in seabed mineral development, securing critical mineral supplies, strengthening the economy, and reducing reliance on foreign sources.
2. Key Actions And Directives
- Expedited Review of Permits: The Secretary of Commerce is directed to expedite the review of seabed mineral exploration and recovery permits within 60 days.
- Development of Seabed Mapping Plan: The Secretary of Commerce is instructed to develop a seabed mapping plan to characterize regions with significant undersea resources.
- Establishment of Domestic Capabilities: The Secretary of the Interior is tasked with establishing expedited review processes for seabed mineral-related permits and identifying critical minerals.
3. Important Points
- U.S. Leadership in Minerals: The executive order aims to position the U.S. as a global leader in the exploration and development of seabed minerals.
- Focus on Critical Minerals: Essential minerals such as nickel, cobalt, and rare earth elements are integral to national security and technology.
- Countering Foreign Influence: The order seeks to mitigate China's dominance in seabed mineral resources through enhanced partnerships and responsibility.
- No New Enforceable Rights: The executive order does not establish new legal rights or benefits against the U.S. or its agencies.
- Support for Domestic Processing: Methods to bolster domestic processing capabilities include revising regulations and utilizing the Defense Production Act.
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