Sourcing battery metal, especially nickel and cobalt, is one of the biggest barriers to the green energy transition. Though cobalt has held the spotlight in the deep-sea mining press, Gerard Barron, CEO of DeepGreen, who will remain on as head of The Metals Company, explains that their focus has always been nickel.
Is The Metals Company public?
Gerard Barron, Chairman and CEO of The Metals Company, said: “Public listing and access to public capital markets is an important milestone in our mission to solve the raw materials challenges of the clean energy transition.
Who will SOAC merge with?
SOAC and DeepGreen merger date:
The transaction is expected to close on or about Sept. 7. After the deal closes, the combined entity would be named The Metals Company and would be listed on the Nasdaq under the new ticker symbol TMC.
What is a SPAC IPO?
Special purpose acquisition companies (SPACs) have become a preferred way for many experienced management teams and sponsors to take companies public. A SPAC raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company.
What companies are doing deep sea mining?
DCNS Offshore Technologies Solutions France De Beers Marine Offshore diamond mining South Africa De Regt Marine Cables Marine Cables Netherlands Deep Green Resources Vessel for production of polymetallic nodules.
Is TMC a good investment?
If you are looking for stocks with good return, T.M.C. Industrial Public Company Limited can be a profitable investment option. … Based on our forecasts, a long-term increase is expected, the “TMC” stock price prognosis for 2026-09-25 is 3.159 THB. With a 5-year investment, the revenue is expected to be around +112.04%.
What happened to Nautilus Minerals?
Nautilus Minerals, one of the world’s first seafloor miners, officially went bankrupt this week, its court-appointed monitor, Price Waterhouse Cooper reported. … In August 2019, court approval was obtained for creditors to liquidate the company to get back a fraction of what they were owed.
What is DeepGreen?
n. 1. ( Environmental Science) a person, esp a politician, who is in favour of taking extreme measures to tackle environmentalist issues.
How is deep-sea mining done?
Mining interests plan to use large, robotic machines to excavate the ocean floor in a way that’s similar to strip-mining on land. The materials are pumped up to the ship, while wastewater and debris are dumped into the ocean, forming large sediment clouds underwater.
Who is Gerard Barron?
Gerard Barron is on a mission to help wean humanity off fossil fuels and transition to a circular resource economy. He is a seasoned entrepreneur with a track record of building global companies in battery technology, media and future-oriented resource development both as a chief executive and strategic investor.
Where is the Clarion Clipperton Zone?
The Clarion-Clipperton Zone (CCZ) spans 4.5 million square kilometers (1.7 million square miles) between Hawaii and Mexico, an abyssal plain as wide as the continental United States and punctuated by seamounts. Lying atop the muddy bottom or embedded just beneath it are trillions of potato-size polymetallic nodules.
Which sea is the deepest?
The Mariana Trench, in the Pacific Ocean, is the deepest location on Earth. According to the Exclusive Economic Zone (EEZ), the United States has jurisdiction over the trench and its resources.
Is deep-sea mining profitable?
A recent MIT cost-benefit analysis found that mining these nodules would be profitable, with annual revenues of up to US$2.2 billion a year.
Is deep-sea mining allowed?
At the present time (2021) there is no commercial mining of seabed minerals. The International Seabed Authority has granted numerous exploration licenses for mining exploration companies who operate, for example, within the Clarion Clipperton Zone.
What is better SPAC or IPO?
The main advantages of going public with a SPAC merger over an IPO are: Faster execution than an IPO: A SPAC merger usually occurs in 3–6 months on average, while an IPO usually takes 12–18 months. … Access to operational expertise: SPAC sponsors often are experienced financial and industrial professionals.
Are SPAC IPOS?
A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as “blank check companies,” SPACs have been around for decades.
How do you buy stock in SPAC?
How to Invest in SPACs. Investors can invest in SPACs either by selecting individual securities or by investing in a SPAC ETF. Selecting individual SPACs allows investors to focus on the opportunities that seem most promising while also having some downside protection due to the structure of SPACs.
How deep is the Clarion Clipperton Zone?
The nodules of greatest mining interest are approximately potato-sized, and sit on the sediment surface across abyssal plains in the Clarion-Clipperton Zone (CCZ), a region spanning 5,000 kilometers (3,100 miles) across the central Pacific Ocean, at depths of ~4,000 – 5,500 meters (12,000 – 18,000 feet).
Why is India pulled to deep sea mining?
Recently, the Indian government cleared a deep ocean mission to explore deep seabed mining and encourage marine biodiversity research. The government aims to develop an integrated seabed mining system for mining polymetallic nodules from 6,000-metre depth in the central Indian Ocean.
How are manganese nodules formed?
2.14 > Manganese nodules grow when metal compounds dissolved in the water column (hydrogenous growth) or in water contained in the sediments (diagenetic growth) are deposited around a nucleus. Most nodules are a product of both diagenetic and hydrogenous growth.
What is the richest mineral of all?
1. Jadeite $3 million per carat. The most expensive mineral in the world is Jadeite, coming in at a whopping $3 million per carat.
Is there gold under the sea?
One study found there is only about one gram of gold for every 100 million metric tons of ocean water in the Atlantic and north Pacific. There is also (undissolved) gold in/on the seafloor. The ocean, however, is deep, meaning that gold deposits are a mile or two underwater.
Why deep-sea mining is bad?
The scraping of the ocean floor by machines can alter or destroy deep-sea habitats, leading to the loss of species and fragmentation or loss of ecosystem structure and function. … This is one of the biggest potential impacts from deep-sea mining.