Bergen, Norway, 03 April 2025 – Norwegian deep sea mining company, Loke Marine Minerals, owner of UK deep sea mining company, UK Seabed Resources (UKSR), has declared bankruptcy.
Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. UK Seabed Resources holds two UK government sponsored deep sea mining exploration licenses which together cover an area of the Pacific larger than England.
In November last year, Loke Marine Minerals pleaded for new investors but recognised that they were struggling. The reason: their potential investors “were not immune” to the…
