Osaka Bay Mining employs state-of-the-art remote controlled submarines and aquatic robots. We have developed innovative processes and procedures that we believe give Osaka Bay Mining the ability to locate and extract rare earth metals from the bottom of the sea.
Our remote controlled submarines are deployed to conduct detailed mapping of the ocean floor, helping us to identify suitable sites for mining. We use our aquatic robots in identification and disintegration of specific rare earth metal deposits. Osaka Bay Mining then utilizes vacuum pumps to collect the sediment from the bottom of the ocean and pump it towards our ships on the surface. Our vessels are equipped with sophisticated processing filters designed to separate the water from the sediment, and then extracting the rare earth metals from the other types of sediment.
Osaka Bay Mining has conducted a series of feasibility studies and small scale mining tests throughout the Okinawa Trough and Kiisuido Strait, Harima-nada Sea, and Osaka Bay (Osaka Bay Complex). We plan to start our first commercial operations before the end of the first quarter of 2018, which the expectation that we will be able to mine, refine and supply over 5,000 tons of rare earth metals in 2019. We expect to be able scale our operation significantly throughout the next decade, exploiting the latent demand in the market.
Having moved to the commercial stage of operations in the Okinawa Trough and Osaka Bay Complex, Osaka Bay Mining will build upon our success by expanding the geographical focus of our exploration to other locations in the East China Sea and the Philippine Sea, and the wider Pacific Ocean. Osaka Bay Mining’s geologists and oceanographers have already initiated exploration of over 200 locations across the East China Sea and the Philippine Sea. It is estimated that in excess of 80 billion tons of rare earth metals are deposited within the sediment on the ocean floor in these areas.