Wendover’s Deep-Sea Mining Warning Confuses a Legal Gap With a Free-for-All

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Editorial illustration for The Broken Economics of the Oceans

Wendover Productions identifies a genuine failure in international ocean governance. But its most consequential claim about deep-sea mining is legally misleading: that the expiration of a July 2023 deadline meant Nauru and every other country could begin mining the international seabed with “absolutely zero environmental restrictions.”

That is not what the treaty says. The documentary turns a conditional procedure for approving an individual mining application into something resembling a universal permission slip. It then confuses the absence of detailed mining regulations with the absence of environmental law.

The distinction matters. There is a serious regulatory failure here, but exaggerating its legal consequences does not help readers understand who can exploit it, who stands to profit, or what can actually happen next.

The two-year deadline did not authorize unrestricted mining

The relevant provision is Section 1, paragraph 15(c), of the 1994 Agreement implementing the United Nations Convention on the Law of the Sea.

It establishes a two-year deadline for the International Seabed Authority (ISA) to adopt exploitation regulations after a qualifying request. If the deadline passes without regulations and an application for an exploitation plan is pending, the Council must nevertheless consider and provisionally approve that particular plan, applying the Convention and any provisional rules, or the Convention's underlying norms and the principles contained in its annex.

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There are three important limitations here.

First, the provision concerns an application for a specific plan of work. It does not automatically authorize every country, company or vessel to begin extracting minerals.

Second, the provision requires the Council to consider and provisionally approve a plan. It does not grant an automatic mining license to anyone who wishes to operate.

Third, the approval must be based on existing treaty provisions and applicable principles. The absence of completed exploitation regulations does not erase those obligations.

There is an even more damaging problem with Wendover's interpretation: the documentary itself acknowledges that no exploitation application had yet been submitted. Without a pending application, the condition in paragraph 15(c) had not been met.

The video was published on July 14, 2023, while the ISA Council was still meeting to consider the legal consequences of the deadline. Seven days later, the Council adopted two important decisions.

Decision ISBA/28/C/25 reiterated that commercial exploitation should not take place without exploitation rules and regulations. It also established that the Council would consider the interpretation of the two-year rule if an application arrived before the regulations were completed. Decision ISBA/28/C/24 recorded that no qualifying work plan had been received after the deadline.

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The Council had not resolved every legal disagreement. Some members believed provisional approval might be required; others argued that mining plans should not be approved before the regulatory framework was complete. That disagreement was real.

But an unresolved legal dispute is not the same as permission for unrestricted mining.

Wendover should have presented the deadline as a potential route to provisional approval under disputed legal conditions. Instead, it presented a hypothetical legal outcome as though every country had acquired immediate permission to exploit the seabed.

Environmental protections did not disappear

The absence of a completed Mining Code is a serious problem. But it is not an absence of international environmental law.

UNCLOS Article 145 requires effective protection of the marine environment from harmful effects arising from activities in international seabed areas. Articles 192 and 194 establish broader duties to protect marine environments and prevent pollution, while Article 206 addresses environmental impact assessments and Article 209 specifically concerns pollution from seabed activities.

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These provisions do not constitute a complete technical mining code. They do not resolve every question about acceptable environmental damage, monitoring thresholds, financial liability or enforcement. That missing detail is precisely the regulatory problem. But describing the situation as having zero environmental restrictions is indefensible.

There is also an important judicial precedent Wendover does not discuss. In its 2011 advisory opinion, the Seabed Disputes Chamber of the International Tribunal for the Law of the Sea established that sponsoring states have due-diligence obligations concerning companies they sponsor. These include precautionary environmental responsibilities and obligations concerning environmental impact assessments. The Tribunal specifically recognized that the assessment obligation extends beyond the detailed provisions of existing exploration regulations.

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In other words, the international system already had environmental obligations before the exploitation code was finished.

The legitimate criticism is that broad treaty duties without detailed operational rules can leave dangerous uncertainty about implementation and enforcement. That is a powerful argument. There was no need to manufacture a world without environmental law to make it.

Nauru was not simply a convenient government

Wendover describes Nauru as a friendly government willing to submit an application on behalf of Canada's The Metals Company, speculating that larger countries such as Canada might not want to be the first to sponsor a potentially controversial industry.

Nauru's own explanation was more specific.

Its government said that its decision to invoke the two-year procedure was connected to Nauru Ocean Resources Inc. (NORI), a Nauruan entity it sponsored, which intended to apply for an exploitation contract. NORI had already spent approximately a decade advancing its project, with substantial investment in scientific and technical work. Nauru explicitly presented the notice as its own decision and a means of obtaining regulatory certainty.

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That distinction matters. Nauru was not merely providing diplomatic cover for an industry waiting for a convenient country. It was sponsoring a particular commercial project with an identifiable interest in getting the regulatory framework completed.

Subsequent developments make the financial relationship even more revealing.

On May 29, 2025, Nauru and NORI signed a revised sponsorship agreement with The Metals Company. The company's SEC filings disclosed that Nauru would receive between $265 million and $515 million in potential undiscounted continuity benefits if another TMC subsidiary obtained US authorization and commenced commercial recovery in NORI's contract area. The agreement also provided for 9,146,268 warrants in TMC, with an initial exercise price of $4.72 per share and a disclosed fair value of approximately $33.1 million.

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These are substantial financial interests, not ceremonial diplomatic arrangements.

There is an important qualification: the continuity payments depend on future US authorization and actual commercial production. They are not money already received. Nauru's government also stated that the majority of financial benefits would go into its Intergenerational Trust Fund to support national economic resilience.

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Nor does the 2025 agreement prove that financial rewards motivated Nauru's 2021 decision. It was signed later, and there is no evidence here of improper influence.

But it does establish something the original explanation leaves underdeveloped: the sponsoring government has a significant economic stake in the success of the company it sponsors, including under a possible alternative American regulatory pathway.

That is the sort of relationship an investigation into the economics of ocean exploitation should make explicit.

The real legal confrontation has moved to Washington

The documentary correctly identifies an important weakness in international ocean governance: the United States never joined UNCLOS and therefore does not participate as a full member of the International Seabed Authority.

But this does not mean American companies have no regulatory framework.

Congress passed the Deep Seabed Hard Mineral Resources Act (DSHMRA) in 1980. It gives the National Oceanic and Atmospheric Administration authority to issue exploration licenses and commercial recovery permits to American companies seeking to operate in areas beyond national jurisdiction.

The American regime is separate from the ISA system. Its international recognition is disputed, and a Congressional Research Service report notes that rights obtained domestically by American companies are not necessarily secured internationally.

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This is no longer merely hypothetical.

In 2025, The Metals Company established a US subsidiary, TMC USA, and submitted applications under DSHMRA. In January 2026, it submitted a consolidated application covering approximately 65,000 square kilometres for exploration and commercial recovery in the Clarion-Clipperton Zone.

NOAA determined that the application met its full information requirements in April 2026. But that was not approval of commercial mining. Certification, interagency consultation and environmental review, including an Environmental Impact Statement, remained necessary.

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As of October 31, 2026, NOAA's published records still listed no existing commercial recovery permits. The distinction between an application being complete and a company receiving permission to mine is fundamental.

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More importantly, the American applications overlap with portions of the ISA exploration contract areas held by NORI and Tonga Offshore Mining Limited (TOML), both TMC subsidiaries sponsored by Pacific island governments.

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This has produced an actual international legal confrontation.

In March 2026, the ISA identified NORI and TOML as contractors requiring particular attention over possible non-compliance with their exploration contracts. The questions raised about NORI included whether it had directly or indirectly contributed to activities outside the multilateral UNCLOS framework and whether it had shared information from its ISA exploration work with entities outside the contractual framework.

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NORI and TOML dispute the inquiry and challenged the ISA before the Seabed Disputes Chamber of ITLOS.

On July 18, 2026, the Tribunal ordered the ISA to follow the applicable legal framework, including due-process requirements, and provide NORI with sufficient information to respond meaningfully. It did not suspend the inquiry or determine that NORI had breached its obligations. The merits remain unresolved.

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This is a far more consequential development than the hypothetical permission Wendover describes.

A corporate group is pursuing American authorization while maintaining exploration contracts under the international regime. Its subsidiaries have become involved in a dispute over whether their activities and relationships comply with those contracts. Its sponsoring governments have economic interests in the outcome.

The question is no longer simply whether the ISA can finish its regulations. It is whether a company can pursue overlapping commercial opportunities through competing regulatory systems without undermining the international framework governing the seabed.

That is the actual governance confrontation.

The regulatory failure is real, but it is different

None of this excuses the ISA.

As of September 2026, the Authority still had not completed its exploitation regulations. Its July session advanced negotiations but ended with a request for another roadmap, further technical work and renewed negotiations at the 32nd session in March 2027.

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The absence of a completed Mining Code after years of negotiations is a serious institutional failure. Governments disagree about environmental safeguards, financial arrangements, benefit-sharing and how commercial operations should be supervised.

Meanwhile, the United States is developing its own authorization pathway, creating a competing interpretation of who can authorize extraction in international waters.

This is exactly the kind of international coordination problem the documentary wants readers to understand. But it is not evidence that the 2023 deadline automatically removed every restriction.

The closing verdict

The documentary's broad warning about the economics of ocean exploitation deserves serious attention. Its legal argument does not deserve the same confidence.

Wendover takes a conditional treaty provision, overlooks the requirement for a pending application, confuses missing technical regulations with an absence of environmental obligations, and offers speculation about Nauru where its own government provides a more specific explanation.

The subsequent corporate filings expose an even more interesting story: a Canadian mining company, a Nauruan sponsoring government with substantial financial interests, an American subsidiary pursuing a separate licensing regime, overlapping international exploration contracts and an active legal dispute before an international tribunal.

That is where the real investigation belongs.

The oceans do not have a universal mining permission slip. They have a fragmented system of authority that powerful commercial interests are learning to navigate. The ISA's inability to complete its Mining Code is dangerous enough. There is no reason to exaggerate it.

The most disturbing question is not whether everybody can mine without rules. It is whether companies can exploit disagreements between governments and regulatory systems to obtain commercial advantages before international institutions can agree on how to protect a shared resource.

That is a stronger indictment of ocean governance, and the evidence is already available.

References

1. The Broken Economics of the Oceans — Wendover Productions, July 14, 2023. The original documentary and the source of the disputed legal interpretation.

2. Agreement Relating to the Implementation of Part XI of UNCLOS — United Nations, July 28, 1994. Section 1, paragraph 15 establishes the actual conditions for provisional approval of mining plans.

3. ISA Council Decisions ISBA/28/C/24 and ISBA/28/C/25 — International Seabed Authority, July 21, 2023. Decision C/24 and Decision C/25. These documents establish what the Council actually decided after the deadline.

4. United Nations Convention on the Law of the Sea, Articles 145 and Part XII — United Nations. Establishes environmental protection, pollution prevention and environmental assessment obligations.

5. Responsibilities and Obligations of States Sponsoring Persons and Entities with Respect to Activities in the Area — International Tribunal for the Law of the Sea, February 1, 2011. Establishes the legal responsibilities of sponsoring governments, including due diligence and environmental assessment.

6. FAQs on the Two-Year Notice — Government of Nauru. Explains the government's stated reasons for triggering the deadline and NORI's intended exploitation application.

7. TMC Form 10-Q, September 30, 2025 — The Metals Company, SEC filing. Discloses the conditional $265–515 million Nauru benefit arrangement and the company's equity warrants issued to Nauru.

8. Deep Seabed Hard Minerals Mining — NOAA, current regulatory information. Documents the American licensing framework and the absence of issued commercial recovery permits.

9. U.S. Interest in Seabed Mining in Areas Beyond National Jurisdiction — Congressional Research Service, October 29, 2026. Provides independent congressional research on American legal authority, international recognition and pending applications.

10. TMC Form 10-Q, June 30, 2026 — The Metals Company, SEC filing. Discloses the company's overlapping US and ISA operations, regulatory applications and ongoing compliance dispute.

11. Order of July 18, 2026, Case No. 34 — ITLOS Seabed Disputes Chamber. Documents the NORI dispute, the ISA's questions and the Tribunal's interim due-process requirements.

12. From the 31st to the 32nd Session — International Seabed Authority, September 19, 2026. Confirms that the exploitation regulations remained unfinished and negotiations were continuing toward 2027.