Vancouver, Canada – June 10, 2021- The Metals Company (formerly DeepGreen Metals), a Canadian explorer of lower-impact battery metals from seafloor polymetallic nodules, today welcomed the findings of the White House’s comprehensive 100-day review addressing supply chain challenges and outlined how its plans can make a material contribution to re-shoring American supply chains for the critical minerals needed […]
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Andrew Thaler for the DSM Observer On Wednesday, March 30, several major technology and automotive companies joined the deep-sea mining moratorium movement. Google, BMW, Volvo, and Samsung SDI (a Samsung subsidiary responsible for manufacturing small lithium-ion batteries for smartphones and other applications) signed on to the World Wide Fund For Nature’s Global Deep-sea Mining Moratorium […]
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Andrew Thaler for the DSM Observer Late last month, DeepGreen announced its plan to enter into a reverse merger with special purpose acquisition company Sustainable Opportunities Acquisition Corporation to create The Metals Company. Special purpose acquisition companies are publicly traded investment entities that allow private companies to go public through acquisition, rather than through a […]
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Maria Bolevich for DSM Observer Stakeholders and policymakers rightly focus on the impacts that accessing ore from the bottom of the ocean will have on the marine environment, mineral supply chains, and next-generation technologies, but the consequences of this emerging industry will have social impacts that reach far beyond the seafloor. We contacted several individuals […]
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Last week DeepGreen announced that it had finalized the acquisition of Tonga Offshore Mining Limited, a subsidiary of the former Nautilus Minerals, from Deep Sea Mining Finance, who is overseeing Nautilus’s restructuring. Outside of Solwara I, TOML was one of Nautilus’s most valuable holdings, and though the acquisition price has not been revealed, it will […]
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Ailbhe Goodbody for Mining Magazine | 19 December 2019 DeepGreen Metals holds rights to two exploration contracts in the Clarion-Clipperton Zone, an area in the Pacific Ocean between Hawaii and Mexico, where it plans to collect and process polymetallic nodules – solid deposits of high-grade manganese, nickel, copper and cobalt that rest in clusters on […]
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Vancouver, Canada — DeepGreen Metals, Inc., a company pioneering a new source of critical base metals which are needed for scaling up electric vehicles and energy storage globally, today announced that they have successfully derived an alloy of base metals from polymetallic nodules found on the deep ocean floor. A vast resource of essential metals — nickel, copper, cobalt […]
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DeepGreen Metals has secured $150 million in funding through a partnership with Allseas Group to launch the mining company’s first large-scale feasibility studies. These trials, slated for completion in 2023, will help pave the way for commercial exploitation of polymetallic nodules in the Clarion-Clipperton Fracture Zone. DeepGreen views polymetallic nodule extraction as an essential step […]
Read More Cecilia Jamasmie for Mining [dot] Com | 10 June 2019 Canada’s DeepGreen Metals, a start-up planning to extract cobalt and other battery metals from small rocks covering the seafloor, has secured the bulk of the $150 million it needs to carry out its first feasibility studies. The financing, provided by Switzerland-based offshore pipeline company Allseas […]
Read More 1. Outcomes from the LTC. In the next few weeks, the Legal and Technical Committee will release their draft regulations for mining polymetallic nodules in the Area. There will be an opportunity for comments and input from the deep-sea mining community prior to the LTC, Council, and General Assembly meetings this summer. 2. Patania II […]
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