Deep Reach Technology, Inc. Receives Contract from an Ocean Mining Exploration Company for Deep-Sea Nodule Mining Pre-FEED

Houston, Texas (USA) – 2016

Building on previous projects in 2014 and 2015, Deep Reach Technology, Inc. (“DRT”) will be carrying out engineering to support upcoming front-end engineering and design (“FEED”) for deep-sea nodule mining systems. The system is being designed to harvest seabed nodules that are rich in a variety of high-grade metals that are increasingly rare in terrestrial mines. Nodule collectors measuring 12 m wide hydraulically extract the nodules and pass them to a vertical transport riser driven by an airlift system. The riser carries the nodules to a mining ship that processes them before transferring them to a transport ship for delivery to metal extraction facilities on shore.

DRT will be partnering with Cellula Robotics, Inc., Vancouver, B.C., Canada, to develop a full conceptual design of the seabed harvester, including 3D CAD models, development schedule, and testing plan. One goal is to demonstrate the validity of DRT’s proprietary airlift simulation software and apply it to characterize the lift system requirements. Simulations will be run to identify the possible power savings that may be achieved by pressurizing the lift system discharge.

The DRT Team has a strong multi-disciplinary legacy in deep ocean mining going back to pioneering work in the 1970’s. The current team includes geologists, ocean engineers, process engineers and environmental scientists with extensive experience in deep sea mining. DRT and its partners are capable of performing a broad range of services from concept and feasibility studies, to equipment design and test, to full FEED engineering. For further information contact Mr. Steven Rizea, DRT President at SRizea@deepreachtech.com or Dr. Halkyard, at JHalkyard@deepreachtech.com.