President Donald Trump wants federal agencies to fast-track applications for deep-sea mining in an effort to make the United States a global leader in the nascent industry.

California-based company Impossible Metals asked the Trump administration earlier this month to auction off mining leases for areas off the coast of American Samoa, which would be within US-controlled waters. Trump’s executive order also directs the Secretary of the Interior to expedite the process for leasing areas for mining within US waters.

President Donald Trump is trying to fast track a brand new, highly controversial industry – mining critical minerals in the deep sea.