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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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The estimated resource on the seafloor in the exploration contract areas held by the company’s subsidiaries is sufficient for 280 million EVs—a quarter of the global passenger car fleet. Seafloor polymetallic nodule. The nodules are unattached to the seafloor; i.e., there is no need for drilling and blasting. Source: DeepGreen.

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

Green Car Congress

Ocean nodules are a unique resource to consider at a time when society urgently needs a good solution for supplying new virgin metals for the green transition. —“Where Should Metals For The Green Transition Come From”. From: “Where Should Metals For The Green Transition Come From”.

Batteries 269