AI illustration · not documentary evidenceISA panel recommends five-year NORI contract extension
The TMC subsidiary cleared the technical review; Council approval is still pending.
FACT — The International Seabed Authority said its Legal and Technical Commission recommended Council approval of NORI’s application after finding the applicable criteria and procedures satisfied. TMC’s March 2026 10-Q describes NORI as a wholly owned subsidiary and the request as a five-year exploration-contract extension. STATUS — ISA lists the NORI instrument as a draft Council decision. The recommendation is favorable, but it is not final approval.
The TMC subsidiary cleared the technical review; Council approval is still pending.
