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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.

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The Metals Company completes latest deep-sea research campaign

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In January, The Metals Company published an upward revision to the nodule resource reported within the NORI-D area held by its subsidiary, Nauru Ocean Resources Inc. TMC’s NORI-D nodule project is the first in the company’s project development pipeline. NORI), improving resource confidence from ‘inferred’ to ‘indicated’ status.

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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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We looked at over 100 companies, many of them in the EV and renewable energy space. Sourcing battery metals is the biggest hurdle facing the clean energy transition, and the pipeline of new mining projects on land is insufficient to meet rising demand. DeepGreen stands above the rest. Source: DeepGreen.

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Could Sucking Up the Seafloor Solve Battery Shortage?

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Texas is top of The Metals Company's list for the processing plant given the state's ports and access to cheap renewables. "We We are committed to turning those rocks into metal using renewable power and with zero solid waste," Shesky says.

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