What ADEPTH Minerals does

ADEPTH Minerals AS is a Norwegian deep-sea mineral exploration company founded in 2020 and headquartered in Bergen. It is majority-owned by subsea services group DeepOcean following a July 2021 transaction, and operates with 1–10 employees focused on the Mohns and Knipovich Ridges within approximately 281,000 km² of Norwegian-allocated seabed mineral activity area. The company's stated activity centers on prospecting for seabed massive sulphides and other critical minerals using proprietary technology rather than commercial extraction.

Its technical stack comprises two core assets: FlexiCore, a core sampling system rated to 4,000 m water depth for retrieving geological samples from the seabed, and Deep Insight, a data platform that integrates multi-source geoscience data with artificial intelligence for prospect analysis. The company supplements its hardware and software stack with environmental risk assessment services for deep-sea operations. Across its history, ADEPTH has logged 400+ operational days, completed 12 research expeditions, and executed 40+ deep-water operations globally.

ADEPTH's business model is pre-revenue and license-dependent. The company does not yet sell minerals; it competes for exploration licenses, develops enabling technology, and partners in consortia such as EMINENT (launched February 2023) targeting European critical minerals self-sufficiency. Capital has come from a DeepOcean majority stake (undisclosed, July 2021), an NOK 11.7M Innovation Norway grant (November 2021), and NOK 70.8M from Norway's Grønn Plattform program (December 2022). The January 2024 opening of Norway's continental shelf for mineral activities was a key enabler, but the subsequent Norwegian decision to pause deep-sea mining through 2029 led ADEPTH to publicly pivot toward international opportunities. Key personnel include CEO and Co-Founder Dr. Anette Broch Mathisen Tvedt, Executive Board Director and Co-Founder Hans Petter Klohs, and CSO Lars-Kristian Lunde Trellevik.

Name

ADEPTH Minerals

Legal name

Adepth Minerals AS

Website

https://adepth.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

ADEPTH Minerals is a Norwegian pre-revenue deep-sea mineral explorer, majority-owned by DeepOcean, developing FlexiCore core sampling technology and the Deep Insight AI-enabled data platform to prospect for seabed critical minerals on the Mohns and Knipovich Ridges, while pivoting to international opportunities after Norway's deep-sea mining pause.

Ownership category

akta.pro rank

Product category

Deep-Sea Mineral Exploration

NAICS

Support Activities for Mining (213), Geophysical Surveying and Mapping Services (54136), Geophysical Surveying and Mapping Services (541360), Mining, Quarrying, and Oil and Gas Extraction (21)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Geotechnical, Hydrogeological & Seismic Engineering (Slope Stability, Ground Support, Dewatering) (IMAKAOAN)

Keywords

• Deep sea mining
• Seabed mineral exploration
• Critical minerals extraction
• Subsea core sampling
• Marine mineral resources

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Infrastructure, Personnel, Supply Chain

Revenue model

1. Deep-Sea Mineral Extraction: Adepth is positioned to generate future revenue through the extraction and sale of critical minerals (copper, cobalt, zinc, rare earth elements) from deep-sea mineral deposits. The company operates in an emerging industry expected to grow from $3.92B in 2024 to $40.79B by 2032 according to market projections.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

ADEPTH Minerals locates and explores deep-sea mineral deposits on the Norwegian continental shelf for responsible extraction of critical minerals (copper, cobalt, zinc, rare earth elements). The company combines proprietary data analytics (Deep Insight platform) with innovative seabed core sampling technology (FlexiCore, capable of operating at depths up to 4,000 meters) to perform resource estimation, environmental risk assessment, and prospect analysis. It collaborates with industrial partners and government bodies to develop sustainable extraction methods targeting the Mohns and Knipovich Ridges.

Product overview

Adepth Minerals offers an integrated platform for deep-sea mineral exploration combining proprietary technology with specialized equipment. The core offering consists of the Deep Insight data handling platform for resource estimation and prospect analysis, coupled with FlexiCore cutting-edge seabed core sampling technology capable of operating at 4,000 meters depth. The company provides environmental risk assessment services and collaborates with industrial partners for extraction operations. Their value chain spans from seabed mapping and core sampling through environmental analysis to responsible mineral extraction of copper, cobalt, zinc, and rare earth elements from Norwegian continental shelf deposits.

Differentiator

Problem solved

Functional benefit

Brands

• FlexiCore: State-of-the-art core sampling technology for deep sea mineral exploration capable of operating at depths up to 4,000 meters, featuring flexible drilling in sloping terrain and angled coring without recovery to surface
• Deep Insight

Products and services

• Deep Insight

Quantifiable outcome

• Environmental footprint minimized through more efficient operations, smaller equipment and vessels, resulting in less energy consumption and associated emissions
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• EMINENT Project ConsortiumcoreStrategic or Co-development Partner · 15 February 2023Energy MINerals for the NEtzero Transition project bringing together experts from industry and academia for sustainable decarbonisation and European self-sufficiency on critical minerals. Supported by Norges forskningsråd, Innovation Norway, and Siva SF. Partners include University of Bergen, Future Materials, NORCE, Akvaplan-niva, Aker BP ASA, Aanderaa, DeepOcean, NOV, Shearwater GeoServices, Seabed Solutions, Geoprovider, ReSiTec AS, and GCE Ocean Technology.
• Grønn Plattform ConsortiumcoreStrategic or Co-development Partner · 21 December 202215-company consortium including UiB, NTNU, UiT, NORCE, Future Materials Norwegian Catapult Centre, Akvaplan Niva, NOV, Aanderaa, DeepOcean, Shearwater, AkerBP, Seabed Solutions, Geoprovider, and GCE Ocean Technology. The NOK 70.8M project aims to establish a comprehensive value chain for seabed minerals with significantly reduced environmental footprint compared to current land-based mining.
• Seabed SolutionscoreStrategic or Co-development Partner · 1 January 2021Seabed Solutions is a cooperation partner in developing FlexiCore technology - a core sampling solution more flexible and efficient than other coring solutions. Seabed Solutions contributes expertise in developing and operating state-of-the-art subsea technology. CEO Christian Aas expressed pride in collaborating on this important technological development.
• DeepOcean (Technology Development)coreStrategic or Co-development Partner · 1 January 2021DeepOcean is a project partner in FlexiCore technology development, contributing expertise in building and operating equipment for deep sea operations. Andries Ferla, Ocean Solutions and Technology Director, noted the project strengthens their portfolio of delivering cost-effective and environmentally friendly subsea solutions.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• UK Seabed Resources: UK-registered joint venture exploring polymetallic nodules in the Clarion-Clipperton Zone under exploration contracts from the International Seabed Authority. Comparable in deep-sea exploration, regulatory positioning, and consortium-based model.
• Ocean Minerals LLC: US-based consortium (including subsidiaries of major mining companies) holding an ISA exploration contract for polymetallic nodules. Comparable as a multi-party deep-sea exploration venture pursuing similar critical minerals.
• Global Sea Mineral Resources (GSR): DEME Group subsidiary exploring polymetallic nodules in the Clarion-Clipperton Zone with proprietary Patania II collector system. Comparable in deep-sea mineral focus, technology development, and consortium-based execution.
• The Metals Company: The leading publicly-traded deep-sea mineral exploration and extraction company, focused on polymetallic nodules in the Clarion-Clipperton Zone. Most directly comparable to Adepth in terms of target commodities (copper, cobalt, nickel, manganese, rare earths) and technology stack (seabed collection).

Emerging players

• Cobalt Blue Holdings: ASX-listed cobalt-focused mining company with terrestrial projects targeting battery-grade cobalt. Comparable as a critical-minerals pure-play, though operating in onshore mining rather than deep-sea; useful proxy for commodity exposure.
• Impossible Mining: US-based deep-sea mineral exploration start-up focused on sustainable nodule collection using autonomous underwater vehicles. Comparable as an early-stage deep-sea technology developer pursuing similar ESG-friendly positioning.
• Blue Minerals Jamaica: Jamaica-based deep-sea mineral exploration company with ISA exploration contract for the Clarion-Clipperton Zone. Comparable as a smaller emerging player pursuing seabed minerals in a different but related jurisdiction.

Broad incumbents

• Nautilus Minerals: Historically significant deep-sea mining company (Solwara 1 project) now undergoing restructuring; offers lessons on capital-intensive deep-sea execution risk. Comparable as a pioneer in seafloor massive sulfide mining.
• Allseas: Large offshore construction and subsea engineering firm developing the Hidden Gem nodule collection vessel in partnership with The Metals Company. Comparable as a deep-sea mineral collection technology developer with parent synergies similar to DeepOcean/Adepth.

Regional players

• Cook Islands Seabed Minerals Authority: State body overseeing deep-sea mineral exploration in Cook Islands waters, an emerging jurisdiction where Adepth may pivot following Norway's pause. Comparable as a deep-sea mineral regulatory counterparty and potential partner in international expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/adepth-minerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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

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