Wetstone is a company focused on the exploration and development of offshore critical mineral resources globally. The firm manages the entire lifecycle of these projects, from initial seabed surveying to resource extraction planning. This work supports the supply chain for essential industrial and technological materials.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing demand for critical minerals like copper, lithium, and manganese, driven by the clean energy transition and rising living standards, is expected to outstrip current terrestrial supply by 2030. Existing mining operations face challenges including supply chain bottlenecks, high ecological impact, and the need for new mine construction.
Solution
WetStone is developing technology and infrastructure to enable a sustainable seafloor minerals industry, addressing the growing demand for critical materials. The company acts as a developer and capital partner, building a diversified, vertically integrated, tech-enabled portfolio across the seafloor minerals sector. WetStone enables and de-risks key components of the seafloor minerals value chain, including exploration, extraction, logistics, processing, and refining. By leveraging key technologies, WetStone aims to accelerate development timelines, improve project economics, and minimize environmental impacts.
Target Audience
WetStone's primary customers are license-holding operators in the seafloor minerals sector, as well as downstream customers requiring a secure supply of critical minerals.
Features
- Identification and access to unique seafloor mineral opportunities.
- Development, incubation, and investment in license-holding operators.
- Infrastructure development for exploration, extraction, logistics, processing, and refining.
- Technology portfolio to accelerate development, improve project economics, and minimize environmental impact.
- Equity investments, offtake agreements, and project finance.