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

Green Car Congress

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. We looked at over 100 companies, many of them in the EV and renewable energy space. DeepGreen Metals Inc., Seafloor polymetallic nodule. Source: DeepGreen.

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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). Canada-based DeepGreen Metals Inc.,

Batteries 269
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Could Sucking Up the Seafloor Solve Battery Shortage?

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The supply of metals like cobalt, copper, lithium, and nickel needed for batteries is already shaky , and soaring demand for the hundreds of millions of batteries in the coming decades is likely to trigger shortage and high prices. Some companies want to harvest metallic treasures from the sea.

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