Developer of #1 and #2 largest nickel projects on earth, collecting unattached nodules from atop the seafloor
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The Metals Company
11 November, 2022
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Stock Code:
NASDAQ: TMC
Company Exposure:
Nickel, Manganese, Cobalt, Copper
Project Location:
International Waters
The Metals Company is an explorer of the world’s largest estimated undeveloped resource of battery metals for EVs, located in the Clarion Clipperton Zone of the Pacific Ocean. The resource is in the form of polymetallic nodules, which sit unattached on top of the seafloor and can be collected like golf balls on a driving range. The nodule collection requires no blasting, no drilling and no digging.
Value Proposition
- Abundant – largest nickel projects on earth, largest battery metal source
TMC is developing the world’s largest estimated source of battery metals with enough nickel, copper, manganese and cobalt in situ to potentially electrify 280 million EVs - Secure
Located on the abyssal seafloor in the international waters regulated by the International Seabed Authority, an inter-governmental organization established pursuant to the United Nations Convention on the Law of the Seas - Low production cost
Expecting to become the 2nd lowest cost nickel producer on the planet at steady state production on Project One, reflecting high grades with four battery metals in high concentrations in a single resource - Low ESG cost
Expected 70-99% reduction of lifecycle ESG impacts, including near-zero solid processing waste, 90% less CO2 equivalent emissions $15 billion NPV for 1st project
$15 billion net present value at current metal prices for NORI-D, TMC’s first project representing 22% of the company’s estimated resource - Tier 1 partners and investors
Glencore, Maersk, Allseas Group, Hatch
