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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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Rising raw materials prices risk undermining EV manufacturers’ efforts to drive down the cost of EV batteries necessary for mass adoption; and. Like fossil fuel extraction, conventional metals extraction comes at a steep cost to people and the planet, leading to vast deforestation in some of the most biodiverse areas on the planet.

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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%

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

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Using a lifecycle sustainability analysis (LCSA) framework and standard lifecycle analysis (LCA) methodology, the researchers compared two potential sources of minerals needed to manufacture electric vehicle batteries: ores mined from the land and polymetallic nodules collected from the deep seafloor of the Pacific Ocean. 94% less land use.

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