Argeo deep dives into the marine minerals market

Feb 17, 2023 | News

Argeo has been awarded a contract comprising of multi-sensor data acquisition with AUV for the Polish Geological Institute – National Research Institute (PGI-NRI), to fulfil seabed mineral exploration work under the provisions and scope of the Government of Poland Contract with the ISA.

Under the contract, Argeo will perform high-resolution near-seafloor geophysical- and environmental data acquisition for deep-sea minerals exploration in the Polish contract area at the Mid-Atlantic Ridge.

We are very pleased to be awarded this contract as it will prove Argeo’s capabilities in serving the emerging Marine Minerals (MM) industry, and also demonstrate our unique array of Electro Magnetic sensor systems, says Argeo’s CEO, Trond Crantz. Argeo’s marine minerals solution has been developed to deliver high-quality pelagic, benthic, and subsurface data that are key in addressing the challenges of remoteness and scale, complex geological settings, as well as environmental sensitivity associated with deep-sea mineral deposits, Crantz continues.

Argeo’s fleet of AUV’s are equipped with state-of-the-art sensors, including integrated proprietary sensor technology, delivering valuable high-quality data with applications across the MM value chain – from environmental impact assessment and early exploration to resource assessment and extraction monitoring.

The Polish Geological Institute – National Research Institute (PGI-NRI) has been carrying out geological tasks for the Polish State for more than 100 years. The Institute performs the tasks of the Polish geological survey and provides among others monitoring of the geological environment, early warning of natural hazards, and state security in the management of mineral resources. In this regard, the Ministry of Climate and Environment of the Republic of Poland has entrusted PGI-NRI with the implementation of comprehensive research in the Atlantic Ocean, within the provisions and scope of the Contract with the International Seabed Authority (ISA). The goal of the overall research program is to collect data on the location and characterization of seafloor massive sulphides (SMS) along the Mid-Atlantic Ridge.

Given the above, the Chief National Geologist (Ministry of Climate and Environment of the Republic of Poland) entrusted PGI-NRI with the implementation of preparatory works and organisation of a comprehensive research Survey in the Atlantic Ocean, under the provisions and scope of the first five-year term of the Contract with ISA. The overall goal of the entire exploration program is collecting data on the location and characterisation of seafloor massive sulphides (SMS) deposits along the Mid-Atlantic Ridge, covered by the Contract.

MORE FINANCIAL NEWS

Prospectus for subsequent offering (4 April)

Prospectus for subsequent offering (4 April)

Please find the prospectus in reference to the current subsequent offering. The subscription period ends 11 April 2024 at 16:30 hours (CEST). Download the prospectus here: Pareto Securities Sb1markets MORE FINANCIAL NEWS