(NewsNation) — After President Donald Trump loosened regulations for mining the ocean floor, companies are preparing to take part in what could be a deep-sea minerals boom.

NewsNation went behind the scenes with Impossible Metals, a company currently testing equipment to ensure it can handle the complexities of deep-sea mining.

The ocean floor holds value as a source of minerals such as manganese and nickel, which are metals used in applications like battery production.

With looser regulations, companies are in a worldwide race to bring technology up to speed and capitalize on a potential mining boom.

Impossible Metals showed NewsNation its prototype deep-sea mineral harvesting system, including a high-tech underwater robot designed to responsibly retrieve nodules from the ocean floor

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