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DeepGreen Metals, a developer of the world’s largest estimated source of battery metals for electric vehicles (EVs), today announced that Environmental Expedition 5B, which focuses on characterizing the pelagic or open sea component of the marine environment in its NORI-D contract area, is conducting research on site in the Clarion Clipperton Zone (CCZ) of the Pacific Ocean. The research campaign is the first of five science expeditions planned for this year as part of an ongoing, multi-year seafloor-to-surface research program the most rigorous and integrated deep-sea study to date.
(Photo: Business Wire)
The current expedition on the Maersk Launcher, with a crew of 57 people, includes a team of 37 marine researchers from independent institutions including the University of Hawaii, Texas A&M University and the Japan Agency for Marine-Earth Science and Technology (JAMSTEC). The team is currently condu
March 9, 2021 finance & economy
DeepGreen, Developer of the World s Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact
Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC
The combined company is expected to have approximately US$570 million in cash, assuming no redemptions, as part of the business combination, facilitating plans for The Metals Company to start commercial production of battery metals as soon as 2024
DeepGreen Metals Inc., a developer of lower-impact battery metals from unattached seafloor polymetallic nodules (earlier post), has entered into a definitive business combination agreement with Sustainable Opportunities Acquisition Corporation, a special purpose acquisition company (SPAC) with a dedicated ESG focus and deep operational and capital market capabilities in the energy.
DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corporation
DeepGreen, Developer of the World s Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
Friday, March 5, 2021 10:00AM IST (4:30AM GMT)
Vancouver, British Columbia, Canada & Dallas, Texas, United States:
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact
Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC