Regulatory Updates
The Seabed Minerals Authority is committed to transparent, consistent and accountable regulation of seabed mineral activities in accordance with the Seabed Minerals Act 2019.
Section 12(d) of the Act requires the Authority to share information and consult with relevant stakeholders and the community, as appropriate in the circumstances, including through publication of up-to-date information on the Authority’s website. The Authority may also publish information relating to applications, titles and regulated activities in accordance with sections 16 and 17 of the Act.
This page provides factual, up-to-date information on significant regulatory matters being considered or determined by the Authority. Information is published at the appropriate stage of a regulatory process and is limited to information that may properly be made public. Publication of an update does not replace any formal decision, statutory process, approval or notification required under the Act.
Date last updated: 20/10/2026
licence
Regulatory matter
Date received
Current status
LAst regulatory update
EL1
Change of ownership/control GSR transfer to Wetstone
xx/xx/xx
Referred to Cabinet
SBMA has completed its assessment . The matter has been submitted to Cabinet for consideration
EL2
Correspondence and supporting documentation concerning a strategic arrangement involving American Ocean Minerals
15/03/2026
Assessment underway
SBMA is assessing the notification in accordance with the Seabed Minerals Act 2019.
EL3
Notice concerning an investment by American Ocean Minerals Corporation in Ocean Minerals LLC, the parent company of Moana Minerals Limited.
29/04/2026
Assessment underway
SBMA is assessing the notification in accordance with the Seabed Minerals Act 2019.
EL1
Renewal application submitted
2/10/2026
Assessment underway
EL2
Renewal application submitted
11/9/2026
Assessment underway
Renewal application paused pending cabinet consideration for ownership transfer to Wetstone
EL3
Renewal application submitted
1/10/2026
Assessment underway
