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Federal Register Public Inspection — Interior (BOEM, BLM, USGS, BSEE, ONRR)Doubao · 实盘不做把握 4/10不做原因:无可交易标的
北京时间·🕒 发布 10-19 20:45:00(美东 08:45)·⟳ 抓取 10-19 20:45:37·⚡ 决策 10-20 01:03:46 +4h18m·7.9 天前

美国内政部MMA发布美属萨摩亚外大陆架太平洋矿产租赁1号拍卖最终通知,11月19日竞拍两块深海矿区

这是一份政府程序性最终租赁通知:确认了美国推进本土管辖深海矿产租赁的政策方向,但全文不点名任何竞拍人或公司、不产生任何合同/收入/订单,距11月19日实际拍卖还有一个月、距潜在商业化更以年计。唯一有情绪映射的纯标的The Metals Company(TMC)与本次美属萨摩亚矿区没有已证实的资产或参与关系,参与与否未知,属于无法坐实因果敞口的题材联想;当前盘中也没有该通知驱动的、可定位的明确可交易标的。真正的可交易催化是11月19日拍卖结果(谁中标、报价多高),届时再研判。

📄 原文Federal Register Public Inspection — Interior (BOEM, BLM, USGS, BSEE, ONRR)↗ 原文
[Notice] Mineral Lease Sale: American Samoa Outer Continental Shelf Pacific Sale 1
4340-98-P DEPARTMENT OF THE INTERIOR Bureau of Ocean Energy Management [Docket No. BOEM-2026-0331] American Samoa Outer…
不做 The Metals Company (TMC)(TMC.US)
唯一有题材映射的纯标的,但本通知未点名竞拍人、无任何公司级订单/收入/参与实证,且TMC核心资产在ISA管辖CCZ而非美属萨摩亚美国OCS,因果敞口无法坐实;属程序性前置文件,真正催化(11月19日中标方与报价)尚未发生,不具备可交易edge。待拍卖结果公布后再研判。
不做 深海采矿板块(无明确可交易标的)(N/A)
事件为美国深海采矿方向性政策利好,但不产生合同、收入或可定位的直接受益公司,二阶设备/加工链仅有目标性条款无订单;方向虽正面但无明确可交易载体,按无标的处理。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

MMA敲定美国本土外大陆架首批深海矿产(多金属结核/铁锰结壳)租赁拍卖安排,是深海采矿行业的方向性政策利好;但通知无任何公司主体、无订单无收入,纯标的TMC与该矿区无直接关系,映射无法坐实,且真正催化(中标结果)要等11月19日,故不做。

🔎 新鲜度:最早出现 2026-10-19 · 扩散 low · price-in 风险 low ↗

关键理由

  • 最终租赁通知标志美国在本土OCS管辖下实质推进深海关键矿产采矿,长期利好深海采矿产业链与美国本土矿产加工叙事
  • 但本通知仅设拍卖规则与时间表,不含竞拍人名单或公司级增量,无可立即定价的明确受益标的

主要风险

  • 若市场据此主题炒作TMC等,因无参与/中标实证且距商业化遥远,存在见光后回落与基本面证伪风险
  • 深海采矿环保争议、美属萨摩亚本地反对及CFIUS/反垄断审查可能影响拍卖结果与后续Mining Plan审批

反向证据

  • 做多前查反向 · 来源 web · 影响 invalidates
    通知本身及已读一手文件未点名任何竞拍人,无法证实TMC或其他上市公司具备参与资格或会中标;合格竞拍人/BFF信息不公开,因果敞口不能坐实
    检索:TMC Metals Company American Samoa PACM-1 bidder qualified participant BOEM lease sale 原文 ↗

先例如何影响了这次决策

对本次决策的影响:先例缺失直接支持本次只观察、不入场;待11月19日拍卖结果产生公司级催化后再检索可比对的关键矿产/深海采矿授标先例

方向:无可用对齐先例:美国本土OCS深海多金属结核/结壳商业租赁拍卖属首批、无历史同类可计真实日线反应;不据此设定涨幅

涨幅量级:高相似同市场先例为0,无法校准tp/sl,故不给出交易参数

形态:不足以判断见光死或高开低走模式

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  1. search_processed_events 成功 stock_tools HTTP · 11 ms
    {"result": "search_processed_events:agent query=`american samoa ocs pacific mineral lease sale pacm-1 final leasing notice | american samoa polymetallic nodules ferromanganese crust lease auction november 19 2026 | mma boem 美属萨摩亚`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agen

原文全文

展开原文 · 30,832 字
4340-98-P
DEPARTMENT OF THE INTERIOR
Bureau of Ocean Energy Management
[Docket No. BOEM-2026-0331]
American Samoa Outer Continental Shelf Pacific Mineral Lease Sale 1
AGENCY: Bureau of Ocean Energy Management, Interior.
ACTION: Final leasing notice.
SUMMARY: The Marine Minerals Administration (MMA) will conduct an auction for
lease areas offered in the American Samoa Outer Continental Shelf (OCS) Pacific
Mineral Lease Sale 1 (Lease Sale PACM-1), in accordance with the Outer Continental
Shelf Lands Act (OCSLA), as amended, and its implementing regulations. The Final
Leasing Notice (FLN) package for this lease sale contains information essential to
potential bidders, including Information to Lessees and Lease Stipulations.
DATES: MMA will hold Lease Sale PACM-1 on Thursday, November 19, 2026, at 9:00
a.m. All times referred to in this document will be Pacific Time, unless otherwise
specified. Lease areas will be awarded through an ascending oral auction. For more
information on bid submission and auction rules, see Section VII of this document,
“Bidding Instructions.”
ADDRESSES: Interested parties may download the FLN package, and associated maps,
from MMA’s website at https://www.boem.gov/marine-minerals/american-samoaactivities. Copies of the FLN and sale maps can also be obtained by contacting the MMA
Pacific Regional Office at this address: Marine Minerals Administration, 760 Paseo
Camarillo (CM 102), Camarillo, CA 93010, (805) 384-6305.
FOR FURTHER INFORMATION CONTACT: Joshua Gange, Supervisor for
Leasing and Technical Review, Marine Minerals Administration, Pacific Region, 760
Paseo Camarillo, CA 93010, at Pacific.Region@boem.gov and (805) 384-6305.

SUPPLEMENTARY INFORMATION:
Authority: This sale will be held pursuant to the requirements of and is published
pursuant to 43 U.S.C. 1331 et seq. (Outer Continental Shelf Lands Act, as amended) and
30 CFR part 581, subpart B - Leasing Procedures. Secretary’s Order 3451 established the
Marine Minerals Administration (MMA), which replaced BOEM, and provided for a
transition period during which existing MMA officials retain operational authority
necessary for the uninterrupted accomplishment of its mission. That transition period is
ongoing. Accordingly, this notice references both BOEM and MMA but is issued under
the authority of the MMA.
Table of Contents
I.

Lease Sale Area

II.

Statutes and Regulations

III.

Lease and Fiscal Terms

IV.

Lease Stipulations

V.

Information to Lessees

VI.

Maps

VII. Bidding Instructions
VIII. The Lease Sale
IX.

Bidding Rules

X.

Delay of Sale

I.

Lease Sale Area

MMA is offering for bid in Lease Sale PACM-1 all available unleased acreage as
identified on the map entitled, “American Samoa OCS Mineral Lease Sale Areas Final
Leasing Notice (Lease Sale PACM-1).” Two individual lease areas have been identified;
OCS-P 0568 is approximately 16,332,256 acres and OCS-P 0569 is approximately
15,170,979 acres. The final list of blocks available for bid is posted on MMA’s website at
https://www.boem.gov/marine-minerals/american-samoa-activities.

Figure 1: American Samoa OCS Mineral Lease Sale Areas Final Leasing Notice

MMA’s Official Protraction Diagrams (OPDs) and Supplemental OPDs for the lease
areas are available online at https://www.boem.gov/pacific-cadastral-data. All blocks are
shown on the following OPDs:
Achilles Tang (SC02-03)
Hutchinson Seamount (SD02-03)
Small Toothed Jobfish (SD02-09)
Dusky Frillgoby (SD02-12)
Arrowhead Soapfish (SE02-09)
Flowery Flounder (SE02-12)
Slimy Cuskeel (SD03-01)
Honeycomb Toby (SD03-02)
Sixblotch Hind (SD03-04)

Sculptured Pipefish (SD03-05)
Paletail Chromis (SD03-07)
Mosaic Gulper Shark (SD03-08)
Clown Coris (SD03-10)
Knife Razorfish (SE03-07)
Dusky Sleeper (SE03-10)
Brokenbar Dwarfgoby (SE03-11)
II.

Statutes and Regulations
Each lease is issued pursuant to OCSLA, 43 U.S.C. 1331 et seq., as amended, and

is subject to OCSLA’s implementing regulations in 30 CFR part 581, and other
applicable statutes and regulations in existence upon the effective date of the lease, as
well as those applicable statutes enacted and regulations promulgated thereafter, except to
the extent that the after-enacted statutes and regulations conflict with an express
provision of the lease. Each lease is subject to amendments to statutes and regulations,
including but not limited to OCSLA, that do not explicitly conflict with an express
provision of the lease. The Lessee expressly bears the risk that such new or amended
statutes and regulations (i.e., those that do not conflict with an express provision of the
lease) may increase or decrease the Lessee’s obligations under the lease.
The lease and fiscal terms, along with MMA’s ascending oral auction format, will
ensure that the United States receives fair market value (FMV) for each lease area
offered. The auction winner will be provisionally awarded the lease (assuming the winner
did not violate any rules), and final issuance of the executed lease will take place after the
sale date as outlined in the section entitled, “Acceptance, Rejection, or Return of Bids.”
III.

Lease and Fiscal Terms
MMA is offering two lease areas for development of all marine minerals or

metals found in polymetallic nodules and ferromanganese crust deposits discovered

within the leased area. Any lease(s) that are issued will grant the Lessee(s) an opportunity
to identify mineral deposits and seek approval to develop these deposit types and
minerals, as well as any minerals produced incidental to and in direct association with
production from these deposits. All other minerals will be reserved from the lease(s) to
the Lessor, including but not limited to oil, gas, sulphur, and source materials for
fissionable materials, as required by 30 CFR 581.8.
OCS Lease Form
MMA proposes to use Form BOEM-2004 (April 2026) to convey leases resulting
from this sale. This lease form can be viewed on MMA’s website at
https://www.boem.gov/about-boem/procurement-business-opportunities/boem-ocsoperation-forms. The lease form will be amended to include specific terms, conditions,
and stipulations applicable to the individual lease. The terms, conditions, and stipulations
applicable to this sale are described below.
The following section outlines the lease and fiscal terms for Lease Sale PACM-1.
Primary Term
The Primary Term will be 20 years.
Minimum Bonus Bid Amount
The minimum bonus bid amount will be $3,000,000 for each lease area offered.
Rental Rates
Annual rental rates depend on the lease year and the relative percentage of the Initial
Lease Area the Lessee continues to hold. The table below shows the applicable rent per
acre for each lease year, based on whether the Lessee retains:
•

Less than 15%,

•

15% to less than 50%, or

•

50% or more of the Initial Lease Area.
Table 1: Rental Rates per Acre

Lease Year

0-5 Years
6-10 Years
11-15 Years
16-20 Years

Rent per acre if 0 to
<15 percent of Initial
Lease Area is
Retained
$0.00
$0.30
$1.25
$2.50

Rent per acre if 15 to
<50 percent of Initial
Lease Area is Retained
$0.00
$0.60
$2.50
$5.00

Rent per acre if 50+
Percent of Initial
Lease Area is
Retained
$0.00
$1.20
$5.00
$10.00

Rental payments will continue until the first lease anniversary date following the
commencement of royalty payments on leasehold production (meaning production that
occurs under the first approved Mining Plan).
Lease segregation does not change how much of the Initial Lease Area is
considered retained. If a lease is subsequently segregated, acreage percentages of Initial
Lease Area Retained will be recalculated based on the proportion of each new lease area
to the Initial Lease Area. For example, if a lease is segregated into two leases, one of
which is 25% of the Initial Lease Area and the other is 75% of the Initial Lease Area, the
25% lease area would need to be relinquished down to <3.75% (15% * 25%) of the Initial
Lease Area in order to pay the rental rates in the first column. In order to pay the middle
rates, that same 25% lease area would need to be relinquished down to 3.75 to < 12.5%.
The 75% lease area would need to be relinquished down to 11.25% (15% * 75%) of the
Initial Lease Area to pay the rental rates in the first column.
Minimum Royalty Rate
The minimum royalty rate is locked in based on the lease year in which leasehold
production (meaning production that occurs under the first approved Mining Plan) begins
as well as the share of the Initial Lease Area held when production begins according to
the following schedule:
Table 2: Minimum Royalty Rate
Mining Plan
Production
Start Year

Lease Area retained
is less than 15% of
Initial Lease Area?

Minimum Royalty
(per acre)

0–15 Years

Yes

$1.25

0–15 Years

No

$2.50

16–20 Years

Yes

$2.50

16–20 Years

No

$5.00

Royalty Rate
Royalty on Delineation and Testing:
The Lessee must pay to the Lessor a royalty of five percent on all mineral
production under any approved Delineation or Testing Plan that is processed to a
marketable condition or sold.
Initial Production Royalty Rate:
The Lessee must pay to the Lessor a royalty of two percent on the value of the
mineral production, as described below, from the lease during the first five years of
production under any approved Mining Plan. The five-year period commences on the
first of the month in which minerals are first produced on the lease under an approved
Mining Plan.
Subsequent Production Royalty Rate:
Beginning on the first day of the sixth (6th) year of mineral production under an
approved Mining Plan and continuing thereafter for the remainder of the lease, the Lessee
must pay to the Lessor a royalty of five percent on the value of the mineral production, as
described below, from the lease.
Table 3: Subsequent Production Royalty Rate
Mining Plan Production Year

Royalty Rate

1-5

2%

6+

5%

Valuation for Royalty Purposes
In accordance with regulations at 30 CFR part 1206, subpart G – Other Solid
Minerals, the following terms, conditions, and stipulations will apply for royalty

payments on the value of the mineral production from a lease.
Marketable Condition: Marketable condition means mineral production from the
lease that is processed in a manner consistent with prevailing practices in the industry as
determined by the Director of the Office of Natural Resources Revenue and otherwise in
a condition that will be accepted by an arm’s length purchaser under a sales contract
typical for the commodity. Mineral production from the lease must meet the marketable
condition requirement prior to being sold to be considered a bona fide transaction under
30 CFR part 1206, subpart G.
Allowances: A Lessee may claim the specific costs enumerated below as
allowable deductions. Except as described below, no other deductions will be allowed.
However, under no circumstances may the mineral production from the lease, minus
allowances, be valued for royalty purposes less than the monthly average value of the
free on board (f.o.b.) bulk sales price realized at the customary point of shipment to
market.
Transportation: A deduction will be allowed for the Lessee’s costs equal to the
difference between the bona fide sale of mineral production from the lease in bulk for
that sales month at the customary point of shipment to market and the sale price realized
at a remote sales point.
Beneficiation Beyond Marketable Condition: A deduction will be allowed for the
Lessee’s costs equal to the difference between the bona fide sale of mineral production
from the lease in bulk for that sales month at the customary point of shipment to market
and the sale price realized for lease material processed to a condition considered beyond
marketable condition.
Royalty Relief
No royalty relief will be offered in this sale.
IV.

Lease Stipulations

Stipulations applied to leases issued in this sale are contained in the “Lease
Stipulations” section of the FLN package and cover the topics enumerated below.
1. Lease Preliminary Activities and Survey Notices
2. Endangered Species Act and Essential Fish Habitat Consultation Requirements
3. Fisheries Communication Plan
4. Protection of Birds
5. Marine Archaeology Requirements for Preliminary Activities
6. Unanticipated Discovery Requirements
7. Research Site Access
8. Preliminary Activities Reporting
9. Confidential Information
10. Community Investment and Economic Development
11. Local Content and Labor Utilization
12. Supply Chain Statement of Goals
13. Port Utilization and Infrastructure Investment
V.

Information to Lessees
The Information to Lessees (ITLs) provide detailed information on certain issues

pertaining to this lease sale. The full text of the ITLs for this sale is contained in the
“Information to Lessees” section of the FLN package and covers the following topics:
1. Navigation Safety
2. Geological and Geophysical Surveys
3. Marine Archaeological Survey Requirements for Delineation, Testing, and
Mining Plans
4. Environmental Monitoring
5. Mining Discharge Analysis
6. Data and Metadata Standards

7. Low-Impact Collector Technology Rationale
8. Community Engagement Plan
9. Dock Space
10. Notice of Assignment to the Committee on Foreign Investment in the United
States (CFIUS)
11. Domestic Mineral Processing and Supply Chain
12. Engagement
13. Local Emergency Preparedness and Maritime Safety Support
VI.

Maps
The American Samoa OCS Mineral Lease Sale Area Map can be viewed on

MMA’s website at https://www.boem.gov/marine-minerals/american-samoa-activities,
including a more detailed map of the lease blocks and aliquots. The sale area is shown on
the map entitled, “American Samoa OCS Mineral Lease Sale Areas Final Leasing Notice
(Lease Sale PACM-1).”
VII. Bidding Instructions
Bidding instructions and the required format for the items are listed below.
Bidders should refer to the subheading entitled, “Acceptance, Rejection, or Return of
Bids” under Section IX below, regarding a bidder’s failure to comply with the
requirements of this FLN, including failure to follow the instructions and format and
timely submit the information required in this FLN.
Authorized Individuals and Bidder Authentication
An entity that is eligible to participate in the auction may identify up to five (5)
individuals who will be authorized to bid on behalf of the company, including their
names, business telephone numbers, and email addresses. Bidders are advised that MMA
considers the Bidder’s Financial Form (BFF) to be a legally binding obligation on the

part of the bidder(s) to comply with all applicable regulations, including, but not limited
to, the regulation requiring payment of bid deposit.
Affiliated Entities
On the BFF, eligible bidders must list any other entities with whom they are
affiliated. For the purpose of identifying affiliated entities, a bidding entity is any
individual, firm, corporation, association, partnership, consortium, or joint venture (when
established as a separate entity) that is participating in the same auction. Affiliated
entities are not permitted to compete against each other in the auction. Where two or
more affiliated entities have qualified to bid in the auction, the affiliated entities must
decide prior to the auction which one (if any) will participate in the auction. If two or
more affiliated entities attempt to participate in the auction, MMA will disqualify those
bidders from the auction.
MMA considers two entities to be affiliated if (a) one entity (or its parent or
subsidiary) has or retains a right, title, or interest in the other entity (or its parent or
subsidiary), including the ability to control or direct actions with respect to such entity,
either directly or indirectly, individually or through any other party; or (b) the entities are
both direct or indirect subsidiaries of the same parent company. Entities are also affiliated
if ownership or common ownership of more than 50 percent of the voting securities, or
instruments of ownership or other forms of ownership, of another person constitutes
control (person means any individual, firm, corporation, association, partnership,
consortium, or joint venture (when established as a separate entity)). MMA will consider
each of the following factors to determine if there is control under the circumstances of a
particular case:
•

The extent to which there are common officers or directors.

•

With respect to the voting securities, or instruments of ownership or other
forms of ownership: The percentage of ownership or common ownership, the

relative percentage of ownership or common ownership compared to the
percentage(s) of ownership by other persons, if a person is the greatest single
owner, or if there is an opposing voting bloc of greater ownership.
•

Operation of a common lease, plant, pipeline, or other facility.

•

The extent of other owners’ participation in operations and day-to-day
management of a lease, plant, or other facility.

•

Other evidence of power to exercise control over or common control with
another person.

Bidder’s Financial Form
Each qualified bidder must submit a BFF to participate in the auction. A BFF must be
received no later than October 29, 2026. Bidders are hereby notified that, on the day of
the sale, an authorized representative must recertify the BFF, affirming that all
information submitted on the BFF is accurate and remains valid in accordance with the
requirements of 30 CFR 581.20. A copy of the form is available at
https://www.boem.gov/marine-minerals/critical-minerals/bidder-financial-formapril2026. In its BFF, each bidder must designate the email address that it will use to create an
account in https://www.pay.gov. The BFF is required to be executed by an authorized
representative listed in the bidder’s qualification documents on file with MMA. The BFF
must contain the following information:
•

Each bidder’s MMA qualification number. Bidders participating in this lease sale
must be qualified by MMA pursuant to 30 CFR 581.4 and 30 CFR 581.20.
Bidders seeking to participate in this lease sale who are not qualified by MMA
should submit the required qualification documentation as early as possible to
ensure there is sufficient time to receive a MMA qualification number. Bidders
can submit the required qualification documents to pacific.region@boem.gov.

•

A statement acknowledging that the bidder(s) understands that all oral bids legally

bind the bidder(s) to comply with all applicable regulations, including, but not
limited to, the requirement to pay the balance of the bonus bid amount for any
lease area bid upon.
•

Contact information, including names, addresses, telephone numbers, and email
addresses for the principal point of contact, payment and refund coordination, and
up to five (5) individuals authorized to bid.

•

Identification of any affiliated entities as defined above and confirmed in this
FLN for this lease sale.

•

Recertification of the information provided in the BFF on the day of the sale.
Prior to the offering of any oral bids at the lease sale, an authorized representative
must confirm that the information provided by the company in the BFF remains
accurate and the company’s eligibility to participate in the lease sale is
unchanged. Any updates or changes must be declared at this time. Bidders who
do not complete the required recertification will not be permitted to submit an oral
bid.

For this sale, MMA will only accept bidders’ BFFs by mail. Instructions for submission
can be found on the BFF. The BFF must be executed on paper with a signature by an
authorized representative identified in the bidder’s qualification documentation as
authorized to bind the company.
VIII. The Lease Sale
Auction Format
Location: MMA will hold Lease Sale PACM-1 on Thursday, November 19,
2026, at 9:00 a.m., at the Ventura County Fire Department Headquarters, 2400 Conejo
Spectrum Street, Thousand Oaks, CA 91320. The venue will not be open to the public.
Only qualified bidders and their designated representatives will be admitted to the venue.

The oral ascending clock auction will be live streamed on MMA’s website at
https://www.boem.gov for public viewing.
Time Zone: All times referenced in this document are Pacific Time, unless
otherwise specified.
Purpose: The oral auction is solely for taking oral bids from qualified bidders
until only one bidder remains on each lease area. MMA will announce a provisional
winner for each lease area at the conclusion of the auction. The United States reserves the
right to reject any and all bids, as detailed in Section IX of this document under the
subheading entitled, “Acceptance, Rejection, or Return of Bids” below.
Auction Seminar
MMA will hold a virtual auction seminar for qualified bidders prior to the lease sale.
The auction seminar will begin at 11:00 a.m. on November 12, 2026.
•

The seminar will not be open to the public.

•

During the session, MMA will describe the auction process, explain rules and
procedures, and provide an opportunity for qualified bidders to ask questions.

Auction Details
The auction will be conducted pursuant to OCSLA and its implementing regulations
at 30 CFR part 581.
•

The auction will be conducted as an in-person, oral ascending clock auction, with
each lease area auctioned sequentially.

•

MMA will allow each qualified bidder to bid for and potentially acquire both
lease areas. If an entity wishes to win both lease areas, it must submit two bid
deposits. A bidder that submits only one bid deposit and does not win the first
lease area may continue bidding for the second lease area.

•

MMA will verify receipt of bid deposits prior to participation in the auction.

•

Up to five individuals may attend the auction on behalf of a bidding entity.
Bidding entities must advise MMA via email at pacific.region@boem.gov no later
than 4:00 p.m. on Thursday, November 12, 2026, that they intend to participate in
the auction, and include the list of individuals expected to attend. MMA will
promptly respond to the email with additional instructions for attending the
auction. Bidding entities who do not notify MMA and obtain advance approval
for individuals to attend will not be granted access to the venue.

•

The BFF must identify the individuals authorized to bid.

•

An authorized representative of the qualified bidder must be present at the time of
the lease sale to recertify the BFF.

•

The authorized representative and persons authorized to bid must provide proof of
identity matching the BFF.

IX.

Bidding Rules
MMA will auction lease OCS-P 0569 first, followed by lease OCS-P 0568. The

auction will proceed sequentially, one lease area at a time. The provisional winner of the
first lease area will be permitted to bid for the second lease area, provided they submit the
appropriate initial bonus bid deposit(s) in accordance with the instructions in the section
entitled, “Bonus Bid Deposit.”
For each lease area, the auction will be conducted in a series of rounds with
incrementally higher prices, which will be set by MMA. In each round, all bidders will
have the opportunity to signal participation within the specified time period. If a bidder
fails to signal its participation at a given price, that will indicate that the bidder has
withdrawn from the bidding for that lease area. MMA will verify participation or
withdrawal with each bidder at the close of the round and, once confirmed, either
participation or withdrawal will be final. The auction will continue until only one bidder

signals participation at a given price. That bidder becomes the provisional winner of the
lease area.
When a bidder withdraws from bidding in a lease area by failing to signal
participation at the next highest price, they will be asked to submit an exit bid, which is
the highest price they are willing to pay for the lease area. The exit bid must be no lower
than the round’s price at which the bidder last signaled participation and must be below
the price of the next round. If a bidder fails to submit an exit bid, the last price at which
they signaled participation will be used as their exit bid. Exit bids are used if no bidders
signal participation in a given round, a tie occurs, or the provisional winner does not meet
the lease execution requirements or otherwise fails to comply with applicable regulations.
In these cases, MMA reserves the right to offer the lease area to the bidder submitting the
next highest bid offer as determined by MMA.
MMA will set a time limit for signaling participation within each round. The
auction facilitator may close the round early if all active bidders have indicated their
decision for the round. A warning will be issued before early closure. This time limit is
set to expedite the sale procedure, but extensions may be granted upon request. A recess
may be declared at any time the situation warrants, at the sole discretion of the Pacific
Regional Director, or his or her designee.
The provisional winner of each lease area will pay the final bid deposit in
accordance with the instructions in the section below entitled, “Bonus Bid Deposit.” If
the provisional winner does not submit the final bid deposit as outlined in the section
entitled, “Bonus Bid Deposit,” MMA, in its discretion, may retain the initial bid deposit
and offer the area to the next highest bidder. Similarly, if the provisional winner does not
follow through with the remainder of the bid as outlined in the section below entitled,
“Lease Award,” MMA, in its discretion, may retain the bid deposit and offer the area to
the next highest bidder. A provisional winner will be disqualified if it is subsequently

found to have violated auction rules, OCSLA, applicable regulations, or otherwise
engaged in conduct detrimental to the integrity of the competitive auction.
Authorized Signatures
All signatories executing documents on behalf of the bidder(s) must execute the
same in conformance with MMA qualification records. MMA considers any actions
taken by an authorized bidder during the oral ascending clock auction process as a legally
binding obligation on the part of the bidder(s) to comply with all applicable regulations,
including fulfilling the bonus bid requirement for all high bids.
Bonus Bid Deposit
A bonus bid deposit of 20 percent of the total bid amount is required. Each bid
deposit will be payable in two parts:
1. Each qualified bidder must submit an initial bonus bid deposit to the Office of
Natural Resources Revenue (ONRR) equal to 20 percent of the minimum bid
owed for each lease area it wishes to win. For example, if a bidder is
interested in winning only one lease area, they would pay a bid deposit of
$600,000 (20% * $3,000,000). If a bidder seeks the ability to win both lease
areas, it must submit two bid deposits each in the amount of $600,000. The
initial bonus bid deposit(s) must be received by November 5, 2026, and will
be electronically deposited into an interest-bearing account in the U.S.
Treasury.
2. After the oral auction has ended, the provisional winning bidder for each lease
area must pay a final bonus bid deposit by 2:00 p.m. on the first business day
after the auction. The total bid deposit is 20 percent of the winning high bid.
The amount owed in the final bonus bid deposit is 20 percent of the winning
high bid less the initial bonus bid deposit already paid. If a bidder is the

provisional winning bidder for both lease areas, it must submit two final
bonus bid deposits.
MMA requires bidders to use EFT procedures for bonus bid deposit payments for
this lease sale, following the detailed instructions contained on the ONRR Payment
Information webpage at https://www.onrr.gov/paying. Receipt of a bonus bid deposit
does not constitute, and will not be construed as, acceptance of any bid on behalf of the
United States. Non-winning bidders will have their initial bonus bid deposit(s) refunded.
Withdrawal of Blocks
The United States reserves the right to withdraw any block from this lease sale
before issuance of a written acceptance of a bid for the block.
Acceptance, Rejection, or Return of Bids
The United States reserves the right to reject any and all bids, regardless of the
amount offered. Furthermore, no bid will be accepted, and no lease for any block will be
awarded to any bidder, unless:
1. The bidder has complied with all applicable statutes, regulations and requirements
of the FLN, including those set forth in the documents contained in this FLN
package; and
2. The bid is the highest valid bid and meets or exceeds MMA’s minimum bid in
this FLN.
Any bid submitted that does not conform to the requirements of the FLN, OCSLA, or
other applicable statute or regulation will be rejected and returned to the bidder. The
United States Department of Justice and the Federal Trade Commission will review the
results of this lease sale for any antitrust issues prior to the acceptance of bids and
issuance of leases.
Lease Award

MMA will use Form BOEM-2004 (April 2026) to convey leases resulting from this
sale. This lease form can be viewed on MMA’s website at https://www.boem.gov/aboutboem/procurement-business-opportunities/boem-ocs-operation-forms. The lease form
will be amended to include specific terms, conditions, and stipulations applicable to the
individual lease. Each bidder that is awarded a lease is required to complete the following
within 10 business days of receipt of the lease from MMA:
1. Execute all copies of the lease (Form BOEM-2004 [April 2026], as amended);
and
2. Pay by EFT the balance of the bonus bid amount for each lease issued in
accordance with the requirements of the FLN and 30 CFR 1218.155 and 581.26.
ONRR requests that bidders use only one transaction for payment of the balance of
the bonus bid amount. Once ONRR receives such payment, the bidder who has been
awarded the lease may not request a refund of the balance of the bonus bid payment.
Unlawful Combination or Intimidation
MMA warns bidders against violation of 18 U.S.C. 1860, which prohibits
unlawful combination or intimidation of bidders.
X.

Delay of Sale
The MMA Pacific Regional Director has the discretion to change any date, time,

and/or location specified in this FLN if the Regional Director deems that an emergent
event could interfere with a fair and orderly lease sale. Such events could include, but are
not limited to, natural disasters (e.g., earthquakes, fires or floods), wars, riots, acts of
terrorism, fires, strikes, civil disorder, or other events of a similar nature. In case of such
events, bidders should call (805) 384-6305 or access the MMA website at
https://www.boem.gov/marine-minerals/american-samoa-activities, for information
regarding any changes.
Michael D. Olsen
Acting Director,

Marine Minerals Administration.

[FR Doc. 2026-21462 Filed: 10/19/2026 8:45 am; Publication Date: 10/20/2026]

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