Impossible Metals

What Impossible Metals does

Impossible Metals is a privately held U.S. deep-sea mineral harvesting company developing AI-driven autonomous underwater vehicles (AUVs) to selectively collect polymetallic nodules containing nickel, cobalt, copper, and manganese from the abyssal seafloor (4,000-6,000 m). The company was founded circa 2020-2021, is headquartered in Pasadena, California, with engineering operations in Collingwood, Ontario, and employs 11-50 staff. Its core platform, the Eureka Collection System, uses AI-powered computer vision and robotic arms on hovering untethered AUVs to detect, identify, and individually retrieve target nodules while leaving the surrounding sediment and marine life materially undisturbed — a deliberate architectural contrast to dredging/riser systems used by incumbents such as The Metals Company. The platform has progressed through Eureka I (proof-of-concept, December 2022; shallow-water demo May 2023), Eureka II (deep-water test April 2024; public demo November 2024 in Collingwood Harbor), and Eureka III Mk1 (design completed 2025, planned BGR CCZ test 2027-2028). Supporting sub-products include the Buoyancy Engines (pending patent), the Smart Hook launch and recovery system (LARS, 2025), and a publicly available Techno-Economic Analysis (TEA v7) with vendor-quoted costs and an 8% WACC aligned with the TMC NORI-D pre-feasibility study.

Impossible Metals is pre-revenue, with no commercial pricing or transaction history; future revenue is modeled on selective collection economics (TEA v7 assumes 70% nodule collection per area, millions of tons annually at fleet scale). Its go-to-market is government and policy-led: the company engages directly with U.S. federal regulators (NOAA, BOEM), testified before the U.S. House Natural Resources Subcommittee (January 2026), applied for and received BOEM approval for a U.S. federal waters lease near American Samoa (April-May 2025), and secured sponsorship from the Kingdom of Bahrain for an ISA international exploration contract (September 2025). Distribution is being built via strategic downstream MOUs with refiners — Aqua Metals (September 2025), ReElement Technologies (July 2025), and American Resources Corp (July 2025) — and via the BGR (Germany) collaboration for CCZ testing. Marketing is content-heavy and thought-leadership-driven, anchored by a corporate blog, "Beyond Oil" podcast, YouTube channel, public data drives, and conference presence (COP28 Saudi Green Initiative Forum, American Samoa Forum, Future Minerals Forum, ISA side events). A publicly disclosed capital plan targets raising over $1B (per Axios Pro, July 2025) to fund pilot-to-commercial scaling.

Name

Impossible Metals

Legal name

Impossible Metals Inc.

Website

https://impossiblemetals.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Impossible Metals builds AI-driven autonomous underwater vehicles that selectively harvest polymetallic nodules containing nickel, cobalt, copper, and manganese from the deep seabed, serving critical-minerals buyers in EV batteries, grid storage, and defense while pursuing U.S. federal and ISA exploration licenses.

Ownership category

akta.pro rank

Headquarters

HQ city

Pasadena

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Future nodule sales / critical mineral sales: Pre-revenue company planning commercial-scale recovery and sale of polymetallic nodules containing nickel, cobalt, copper, and manganese; TEA models millions of tons annually via a fleet of Eureka III AUVs. No commercial production yet.
2. Techno-Economic Model (TEA) and Project 1 P&L (future production): Revenue modeling based on selective collection of polymetallic nodules with high-level profit-and-loss model for a representative project; current economic modeling assumes collecting 70% of nodules per area.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Impossible Metals builds AI-driven autonomous underwater vehicle (AUV) fleets that selectively harvest polymetallic nodules (containing nickel, cobalt, copper, and manganese) from the deep seabed. Its Eureka Collection System uses AI computer vision and robotic arms to individually identify and retrieve target nodules while leaving the surrounding ecosystem and seafloor undisturbed, avoiding the sediment plumes and midwater discharge created by traditional dredging/riser systems. The company is pre-revenue, pursuing U.S. federal exploration and commercial recovery licenses (BOEM/NOAA) and an ISA-sponsored international permit via Kingdom of Bahrain sponsorship.

Product overview

Impossible Metals is a single-product deep-sea mineral harvesting company, not a multi-module SaaS platform. Its core offering, the Eureka Collection System, is an AI-driven robotic platform for the selective harvesting of polymetallic nodules from the abyssal seafloor (4,000–6,000 m). The system is delivered through three generations of autonomous underwater vehicles — Eureka I (Proof of Concept, December 2022), Eureka II (deep-water test, April 2024; Demo Day, November 2024), and Eureka III (design completed in 2025; planned BGR-CCZ test 2027–2028) — supported by the proprietary Smart Hook launch and recovery system (LARS) and Impossible Metals Buoyancy Engines. The Techno-Economic Analysis (TEA) Model underpins the commercial case, while the Beyond Oil podcast and annual ESG + Annual Reports extend the brand around the same product. In short, Eureka is the unifying platform, the three AUV generations are its product roadmap, and the TEA, LARS, buoyancy engines, and reporting assets are tightly coupled sub-products of that single offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Eureka Collection System Impossible Metals' flagship AI-driven robotic platform for the selective harvesting of polymetallic nodules from the deep ocean (4,000–6,000 m). Uses AI vision to detect, identify, and individually retrieve nodules via robotic arms while hovering above the seabed, avoiding dredging and minimizing sediment disturbance. Built as a scalable untethered AUV fleet designed to operate without ship-to-ship transfer of nodules or a dedicated production support vessel.
• Eureka I Autonomous Underwater Vehicle First-generation Eureka autonomous underwater vehicle, which successfully completed its Proof of Concept trial in December 2022 and a shallow-water test on May 17, 2023, selectively harvesting rocks via AI-powered computer vision and a custom robotic arm while preserving marine life.
• Eureka II Autonomous Underwater Vehicle Second-generation Eureka AUV that completed a deep-water test in April 2024 and was publicly demonstrated in Collingwood Harbor on November 13, 2024, with operational costs estimated at approximately one-third of competing dredging approaches.
• Eureka III Autonomous Underwater Vehicle Third-generation Eureka pilot collector, approximately the size of a 20-foot shipping container, designed to hover over the seabed and use computer vision and robotic arms to pick up individual nodules. Mk1 design completed in 2025; slated for testing in the BGR contract area of the Clarion-Clipperton Zone in 2027 or 2028.
• Techno-Economic Analysis (TEA) Model Transparent techno-economic model (v7) describing the design of the Eureka Collection System and modelling economic and operational parameters for selective polymetallic nodule collection. Incorporates revised approach for different nodule sizes, vendor-quote-based costs, an 8% WACC aligned with the TMC NORI-D PFS, engineering updates, and a Project 1 P&L scenario. Published as a transparency tool for investors and stakeholders.
• Beyond Oil: The Rise of Critical Minerals Podcast Impossible Metals' owned podcast exploring the future of electrification, critical minerals, and seabed mining, distributed on Substack, Apple Podcasts, Spotify, and YouTube.

Quantifiable outcome

• Operational costs approximately one-third of the competition (per Eureka II demo, November 2024)
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature8 records

Partnerships

Eleven partnerships are on record, tiered flagship and core.

• Granger WhitelawflagshipOthers · 11 May 2026Impossible Metals appointed Granger Whitelaw as CEO on May 11, 2026, succeeding founder Oliver Gunasekara. Whitelaw brings experience spanning law, aerospace, and advanced technology (including early contributions to digital commerce infrastructure and involvement with the XPRIZE Foundation).
• Amanda van DykecoreOthers · 22 January 2026Amanda van Dyke, a leader in critical minerals and sustainable investment, joined Impossible Metals' Board of Advisors (announced January 22, 2026). Provides capital markets and critical minerals investment perspective.
• Aqua MetalscoreStrategic or Co-development Partner · 16 September 2025Aqua Metals and Impossible Metals signed an MOU on September 16, 2025, to advance a sustainable U.S. critical minerals supply chain. Aqua Metals brings its AquaRefining™ hydrometallurgical processing platform; Impossible Metals supplies seabed polymetallic nodules. The partnership links upstream seabed collection with downstream low-impact refining.
• Kingdom of BahrainflagshipStrategic or Co-development Partner · 9 September 2025The Kingdom of Bahrain sponsors Impossible Metals to apply for a deep sea mining exploration contract in international waters under the International Seabed Authority (ISA) framework. Announced September 9, 2025; covered by Reuters, Financial Times, and Discovery/Alert. Provides Impossible Metals with a sovereign pathway to ISA-sponsored contracts outside U.S. jurisdiction.
• ReElement Technologies CorporationcoreStrategic or Co-development Partner · 21 July 2025ReElement Technologies Corporation and Impossible Metals announced collaboration on the first U.S. deep sea nodule refinement program on July 21, 2025. Combines Impossible Metals' selective nodule collection with ReElement's chromatographic separation and refining technology to establish onshore processing of seabed nodules in the United States.
• American Resources CorporationcoreStrategic or Co-development Partner · 21 July 2025American Resources Corp and Impossible Metals forged an alliance to build the first U.S. deep sea nodule refinement program and U.S. Rare Earth supply chain. Announced July 2025; covered by ProActive Investors, Seeking Alpha.
• Mike ReganflagshipOthers · 30 June 2025Mike Regan appointed Chief Growth Officer to lead capital strategy and growth (announced June 30, 2025). Internal executive appointment.
• BGR (German Institute for Geosciences and Natural Resources)flagshipStrategic or Co-development Partner · 12 November 2024Impossible Metals is collaborating with BGR to test its Eureka III hovering selective collection robot for collecting critical metals from the seabed in the eastern BGR contract area of the Clarion-Clipperton Zone (CCZ). BGR is responsible for planning, organization and execution of environmental monitoring and assessment; Impossible Metals is responsible for the Eureka III harvester testing. Test planned for 2027 or 2028.
• Rear Admiral Hugh Wyman Howard IIIcoreOthers · 22 April 2024Retired Rear Admiral Hugh Wyman Howard III joined Impossible Metals' Strategic Advisory Board in April 2024, providing senior military/national security perspective relevant to U.S. critical minerals strategy.
• Peter JantzenflagshipOthers · 4 March 2024Deep sea mining industry leader Peter Jantzen joined Impossible Metals as Chief Revenue Officer on March 4, 2024 — internal executive appointment rather than external alliance.
• Frank Fannon (former U.S. Assistant Secretary of State for Energy Resources)coreOthers · 31 July 2023Frank Fannon, former U.S. Assistant Secretary of State for Energy Resources, joined Impossible Metals' Strategic Advisory Board in July 2023, supporting the company's policy engagement and government affairs work.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• The Metals Company: The leading publicly-listed developer of polymetallic nodule collection in the Clarion-Clipperton Zone, pursuing the NORI-D project with a riser/dredging-based approach. It is Impossible Metals' most direct competitor, addressing the same critical-minerals end market with a fundamentally different (and more capital-intensive) collection architecture.
• Global Sea Mineral Resources (GSR / DEME Group): Belgium-based DEME Group subsidiary developing polymetallic nodule collection in the CCZ with a tracked Patania collector vehicle. GSR targets the same battery-metals end market and ISA contract pathway as Impossible Metals, making it one of the closest technical and commercial analogues.
• Allseas: Dutch marine contractor developing the Hidden Gem nodule-collection vessel under a partnership with The Metals Company. Allseas is a direct peer in deep-sea nodule harvesting infrastructure, with overlapping engineering, marine operations, and CCZ deployment timelines to Impossible Metals.

Emerging players

• Moana Minerals: New Zealand-based emerging seabed mineral explorer with a focus on the CCZ. Moana Minerals is comparable as a smaller, earlier-stage competitor pursuing the same ISA contract pathway and battery-metal end customers, though with a different collection architecture.
• Loke Marine Minerals: Norway-based emerging polymetallic nodule developer with Norwegian Seabed Minerals heritage. Loke pursues the same battery-critical-metal value proposition as Impossible Metals from a Northern European base, providing a useful technology and regulatory-pathway comparator.
• Blue Minerals Jamaica: Jamaican polymetallic nodule explorer holding a 30-year ISA exploration contract in the CCZ. Comparable as a smaller, regional deep-sea nodule miner that shares Impossible Metals' ISA-sponsored, Caribbean-adjacent regulatory pathway and end-market focus.
• Ocean Infinity: U.S./U.K.-based marine technology company operating large autonomous underwater vehicle fleets for offshore survey, inspection, and infrastructure. Adjacent rather than directly competitive, but shares the deep-sea autonomous-vehicle stack and the marine data and robotics talent pool relevant to Impossible Metals' Eureka AUV platform.

Regional players

• Cook Islands Seabed Minerals Authority: State regulator sponsoring deep-sea mineral exploration in the Cook Islands' national jurisdiction, a Pacific regional analogue to Impossible Metals' American Samoa and Bahrain-sponsored license plays. Not a direct competitor but operates the same regulatory and offtake ecosystem in a different geography.

Broad incumbents

• Kongsberg Maritime: Norwegian incumbent supplying subsea robotics, AUVs, sonar, and marine autonomy across offshore energy, defense, and ocean science. Comparable as a broad incumbent in the deep-sea autonomous-vehicle technology stack and as a potential component / partner supplier to Impossible Metals' Eureka AUV fleet.

Others

• Bedrock Ocean Exploration: U.S.-based autonomous underwater surveying company building AUV-based seafloor data services. Not a competitor in nodule collection, but adjacent in the deep-sea autonomous-vehicle, AI-vision, and ocean-data domains and useful as a comparably-sized U.S. marine-autonomy venture backed by similar investor profiles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@impossiblemetals
• Xx.com/ImpossMetals
• Facebookfacebook.com/ImpossibleMetalsInc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors22 records

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impossible Metals