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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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Ensuring this critical supply of battery metals is essential to the transition from internal combustion engines to EVs, which faces the following risks, according to DeepGreen: A slump in discovery of new metal deposits could lead to shortages in key metals such as nickel and copper from 2024-2025 onwards; Source: DeepGreen. Earlier post.)

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

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At a high level, the findings suggest that, compared to mining the land for battery metals, sourcing the needed metals from ocean nodules can deliver: 70% less CO 2 e direct emissions. 90% reduction in SO x and NO x emissions. 100% reduction in solid waste. 94% less stored carbon at risk. 94% less land use.

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Could Sucking Up the Seafloor Solve Battery Shortage?

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"We are committed to turning those rocks into metal using renewable power and with zero solid waste," Shesky says. Raw materials nodule The Metals Company Agencies from seventeen nations have exploration contracts in the CCZ from the International Seabed Authority. The sediments settle down or dilute back to background levels quickly.

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