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Redirecting to DeepGreen, Developer of the World's Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation

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 ....

United States , United Kingdom , Kingdom Of Tonga , Scott Leonard , Pacific Ocean , Nomura Greentech , Gerard Barron , Mayer Brown , Fearnley Securities Inc , International Seabed Authority , Fasken Martineau Dumoulin , Kirkland Ellis , While The Company , Metals Company , Deepgreen Metals Inc , Maersk Supply Service , Nomura Securities International Inc , Stikeman Elliott , Citigroup Global Markets Inc , Sustainable Opportunities Acquisition Corporation , Private Investment , Public Equity , Green Metals Inc , Sourcing Battery Metals , Address Looming Critical Shortage , Deepgreen Chairman ,

DeepGreen, Developer of the World's Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation

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 ....

United States , United Kingdom , British Columbia , Kingdom Of Tonga , Scott Leonard , Pacific Ocean , Nomura Greentech , Gerard Barron , Mayer Brown , Fearnley Securities Inc , International Seabed Authority , Fasken Martineau Dumoulin , Kirkland Ellis , While The Company , Metals Company , Deepgreen Metals Inc , Maersk Supply Service , Nomura Securities International Inc , Stikeman Elliott , Citigroup Global Markets Inc , Sustainable Opportunities Acquisition Corporation , Private Investment , Public Equity , Green Metals Inc , Sourcing Battery Metals , Address Looming Critical Shortage ,