Deepsea mining company TMC The Metals Company (earlier post) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% gross overriding royalty.
Low Carbon Royalties provides critical funding to low-carbon emitting energy production and technologies, transition metals and minerals required for energy.