Oceanic Strategic Metals Corp.
(A Nevada Corporation)
The World’s Largest polymetallic Resources Opportunity.
Trillions of Dollars worth of Titanium, Cobalt, Nickel, Copper, and Manganese. Superior Mining Tenure security enjoyed by Operating on the High Seas, beyond the 200 mile EEZ of any country."The High Seas being open to all nations, no state or organization may validly purport to subject any part of them to its sovereignty, hindrance, taxation or impost."
COMPANY AIMS:
1. Secure alternative stable supplies of important strategic metals for the US and the world.
2. Create a US$3-5 billion a year, strategic metals mining business by being the first to profitably harvest and refine the polymetallic nodule mineral deposits from the Pacific Ocean Abyssal floor.
3. Capital gain potential could easily exceed $25 billion.
The Company owners will enjoy the luxury of the safest large-scale mining investment in the world today.
e) Highest Grade Ore in the World. $700-$1,200 per tonne.
f) Billions of Tonnes of Resources.
g) 200 Year plus mine life.
h) Zero Overburden Removal.
i) Zero staffing restrictions. Hire the best people from anywhere.
VIRTUALLY ZERO TITLE RISK
The most secure tenure in the world; Under customary international law the Company will be operating as a free Agent engaged in research, harvesting, and trade on the High Seas enjoying absolutely inviolable “Freedom of the Seas” Rights.
a) Zero political risk.
b) Zero expropriation risk.
c) Zero government taxes and imposts.
d) Zero permitting risks.
Millions of tonnes of navy ships and submarines, research vessels and commercial ships representing untold billions of dollars in capital investments, engage in fishing, leisure, cargo hauling, oil and gas transfer and other commercial activities and they all enjoy the same protection and benefits of the Freedom of the Seas. OSM asserts that the UN International Seabed Authority’s attempt to regulate oceanic mining is unlawful and unenforceable.
The greatest tonnage of unexploited high-grade strategic mineral resources on earth are located in the Pacific deep-sea floor nodules. They include Nickel, Copper, Cobalt, Titanium and Manganese.
Oceanic Strategic Metals Corp., ("OSM") has the Right to operate on the High Seas as a responsible minerals development agent of “the common heritage of all mankind, Given minerals harvesting remains a lawful exercise of the freedom of the high seas open to all nations and parties.
OSM is secure in the exercise of its sovereign rights to explore, exploit, conserve and harvest resources in international waters for the benefit of humanity. Title to mineral resources harvested from international waters, when recovered from the OSM Claim Area, will pass to OSM without impost, taxes or hindrance according to customary international law as remote area fish harvesting has done for thousands of years.
Oceanic Strategic Metals Corp., will create a profitable strategic metals mining business by harvesting the polymetallic nodule mineral deposits from the Pacific Ocean Abyssal floor. Delivering to the the world, secure alternative supplies of important strategic metals from the Pacific in an environmentally safe manner for hundreds of years.
OSM asserts that any International Seabed Authority ("ISA") taxation and expropriation regime for minerals exploration on the high seas are illegal under customary international law. Fishing and minerals harvesting from the seabed surface are not and have never been properly regulated by the UNCLOS Convention and thus continue to be governed by the rules and principles of general and customary international law.
Article 2 of the High Seas Convention 1958 provides as follows:
"The High Seas being open to all nations, no State may validly purport to subject any part of them to its sovereignty."
Article 2 sets out the following freedoms of the High Seas:
(a) Freedom of navigation.
(b) Freedom of fishing.
(c) Freedom to lay submarine cables and pipelines.
(d) Freedom to fly over the high seas.Historically the Reagan Administration correctly feared that some ISA provisions would deter rather than promote future development of deep seabed mineral resources by incorporating economic principles inconsistent with free market philosophy, which included plans for the ISA taxes and imposts to transfer any profits to enrich the ISA bureaucracy first, then developing nations.
History has proved Reagan right; The UN International Seabed Authority ("ISA") has not delivered one single kilogram of minerals or one single productive ocean mining job, despite having unfettered access to the world's largest minerals resources assets for over two decades. It is high time to abandon and close down the ISA.
The ISA anti free-enterprise regime attempts to illegally take onerous expropriation, taxation rights and other control of private companies to the Seabed Authority. The onerous ISA rules would instantly bankrupt every shipping company, airline, cruise line, distant water fishery fleets in the world if similar taxation rules were applied to them. Millions of people would die of starvation.
The ISA is a burdensome international bureaucracy with an abysmal track record, over which the citizens of the world, especially the poor have little influence and with no visible benefits to date and none in the foreseeable future.The mandatory sale of technology to the ISA to help the ISA create a commercial competitor using the supplying private mining firm’s capital is clearly wrong, illegal and illogical. Such retarded policies can only have been born in the darkest days of the cold war.
Private firms trying their best to operate on sound commercial terms while having to fund, then compete with an all-powerful stateless near-monopoly enterprise controlled by proven anti free-enterprise bureaucrats, with an already-established track record of failure, is an unworkable illegal proposition that only the bureaucrats of statist oppressive governments and dictatorships could love.
OSM plans a more equitable benefits distribution regime for the world’s poor. Therefore, in addition to supplying humanity with much needed minerals at fair prices, OSM shall distribute a percentage of operating profits to recognized NGO charitable organizations that are renown for directly helping the world’s poor. OSM believes that this direct redistribution via known charitable organizations will be a much fairer and effective method of helping developing countries and their peoples than the creation by the ISA of yet another top heavy bureaucracy to filter away hard earned money in overheads and distribute ever less to the needy as would likely be the case under the ISA regime.
Presently the ISA is denying the world's people and particularly the poor from fairer access to all manner of goods via onerous and inhibiting ISA policies, which effectively stamp out any commercial deep seabed activity via illogical, illegal and outmoded rules that are completely without customary legal foundation.
ENVIRONMENT
Given that existing land mining activities have destroyed vast areas of the fragile earth environment, and given the sharply rising demand for minerals these mining activities are set to expand in the near future. OSM will secure alternative stable supplies of many important strategic metals for world refineries in a more eco-friendly manner from the Pacific abyssal seafloor.
OSM research, exploration and harvesting operations on the high seas will conform to generally accepted international rules or standards relating to the prevention of collisions at sea, safe operations and protection of the environment.
The ocean Abyssal is an area of very little life due to the natural low carbon flux. Hence there will be minimal impact on the very low levels of flora and fauna of the near-barren seabed. Once full-scale harvesting is undertaken, the area of seabed slightly disturbed will be less than 5% in one hundred years. There will be no open pits, no leveled mountaintops as in terrestrial mines. With seabed minerals harvesting there will only be gentle scraping of the surface with the absolute minimal sediment disturbance.
OSM has developed new mining concepts for the commercial recovery of deep-sea polymetallic nodules using large 2 million tones per year nodules mining units, which will yield around 700,000 tonnes per annum of valuable STRATEGIC METALS per floating nodules recovery unit.
The Company partners will enjoy the luxury of the safest large-scale mining investment in the world today.
a) Highest Grade Ore in the World. $700-$1,200 per tonne.
b) Billions of Tonnes of Resources.
c) 200 Year plus mine life.
d) Zero Overburden Removal.
ADVANTAGES OVER TERRESTRIAL MINES:
Substantial and profitable marine mining industries are currently recovering seabed sand and gravel deposits off Great Britain, Japan, and other coastal states and high quality diamond deposits off Southern Africa. Potentially commercial marine mining ventures for seabed deposits of gold, silver, copper, nickel, zinc, cobalt, and other metals off Papua New Guinea are also developing. There are many potential benefits to marine mining:
• Vast tracts of the seabed contain large and apparently rich deposits. Ore minerals grades and tonnages are already known thanks to research expeditions that have spent hundreds of millions of dollars of taxpayers’ money exploring the seabed;
• There is a pool of talent who know how to develop and operate oceanic RUV technology;
• Because the capital infrastructure for ocean mining is 100 per cent reusable, the much lower depreciation of floating assets will prove very attractive.
• The nodule deposits are in a convenient size for harvesting and exposed on the seafloor and do not require expensive excavation of any waste rock for their recovery;
• Technology from the deep-sea oil fields and ocean pipeline and cable laying is available and can be adapted for ocean mining of polymetallic nodules;
• Costs appear to be comparable to those required to develop a land polymetallic mine;
• The metallurgy of the seafloor polymetallic nodules is well known;
• Transporting ore from sea to shore facilities by ship is relatively inexpensive;
• There are fewer problems of land tenure of the seabed compared to land; and
• There are significant environmental advantages.
Qualified Strategic Partners whom are in need of reliable long term supplies of Nickel, Copper, Cobalt and Manganese are invited to join with OSM to responsibly develop the Pacific ocean's minerals resources.
email; sterlingpeter@yahoo.com
