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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

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

100% reduction in solid waste. This means that producing metals from nodules has the potential to generate almost zero solid waste and no toxic tailings, as opposed to terrestrial mining processes which produce billions of tonnes of waste and can leak deadly toxins into soil and water resources. 94% less stored carbon at risk.

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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. Land-based mining is already fraught with environmental destruction, emissions, human rights abuses , and mountains of waste, as well as precarious global supply chains.

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