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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. Transaction overview.

Companies 418
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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%

Nauru 355
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DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

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.,

Batteries 269
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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. The question is where should you go to get that metal?

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