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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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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., DeepGreen stands above the rest. Transaction overview.

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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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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.,

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Could Sucking Up the Seafloor Solve Battery Shortage?

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Some companies want to harvest metallic treasures from the sea. The Metals Company (previously DeepGreen Metals) in Vancouver expects to be the first to commercially produce metals from these nodules by 2024. Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We

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