The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company.[1] The company focuses on the mining of polymetallic (manganese) nodules.[2][3]
In 2021, DeepGreen Metals was acquired by Sustainable Opportunities Acquisition Corp (SOAC) in a $2.9 billion Special Purpose Acquisition Company (SPAC) deal.[4]Baird Maritime noted that The Metals Company had no revenue or production as of April 2021, and highlighted the company's risky commercialization efforts: "Nobody has successfully managed to commercially harvest the nickel, copper, manganese, and cobalt from the nodules in 4,500 metres of water since interest was first stimulated in seabed mining in the 1970s."[5]
^"Mining's Tesla moment: DeepGreen harvests clean metals from the seafloor". MINING.COM. Archived from the original on 2021-08-10. Retrieved 2021-08-10.
^"A Mining Startup's Rush for Underwater Metals Comes with Deep Risks - Bloomberg". Bloomberg News. Archived from the original on 2021-06-28. Retrieved 2021-06-28.
^Foldy, Justin Scheck, Eliot Brown and Ben (June 24, 2021). "Environmental Investing Frenzy Stretches Meaning of 'Green'". Wall Street Journal. Archived from the original on June 28, 2021. Retrieved June 28, 2021 – via www.wsj.com.{{cite news}}: CS1 maint: multiple names: authors list (link)
^"DeepGreen to go public in $2.9bn SPAC deal | Sustainability". Mining Global. Archived from the original on 2021-06-28. Retrieved 2021-06-28.
^Bosch, Hieronymus (2021-04-06). "COLUMN | Ocean Mining: DeepGreen to list and become The Metals Company as major car makers and WWF press for moratorium on seabed mineral extraction [Offshore Accounts]". Baird Maritime. Archived from the original on 2021-08-10. Retrieved 2021-08-10.
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