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Deep-sea battery metal developer DeepGreen going public with SPAC to become $2.9B (equity value) The Metals Company

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billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. DeepGreen is developing a new, scalable source of EV battery metals in the form of polymetallic nodules found unattached on the seafloor in the Pacific Ocean.

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DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

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a company focused on sourcing metals with the least environmental and societal impact, has released the results of a year-long study it commissioned into the impacts of sourcing metals to produce battery cathodes and wiring for electric vehicles (EVs). 100% reduction in solid waste. Canada-based DeepGreen Metals Inc.,

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DeepGreen Metals revises undersea polymetallic nodules resources upwards

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DeepGreen Metals, which is exploring for deep-ocean polymetallic nodules as a lower impact and more cost-effective alternative to land-based mining ( earlier post ), announced an upward revision to the nodule resource reported within the NORI-D exploration contract area held by its subsidiary, Nauru Ocean Resources, Inc. higher), cobalt (5.4%

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Could Sucking Up the Seafloor Solve Battery Shortage?

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Reeling from a crushing shortage of semiconductor chips for vehicles, carmakers also face another looming crisis: producing enough batteries to drive the global pivot towards electric vehicles. Some companies want to harvest metallic treasures from the sea. It's like picking up golf balls on a driving range," says CFO Craig Shesky.

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