An abundance of the rocks, which are known as polymetallic nodules, in this ocean region — the Clarion-Clipperton Zone (CCZ) — is increasingly fueling debate about the mining of metals needed to produce technology such as batteries for electric vehicles.

Source: https://www.japantimes.co.jp/news/2023/07/11/business/deep-sea-mining-debate/

The company also holds a 19.9% interest in the Ocean Mineral Singapore ISA license in the CCZ, which was included in the sale.

Source: https://gcaptain.com/norways-loke-expands-deep-sea-mineral-license-portfolio/