The Metals Company

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company is focused on the deep sea mining of seafloor polymetallic nodules.In March 2021, DeepGreen Metals revealed it will be acquired by Sustainable Opportunities Acquisition Corp (SOAC) in a $2.9 billion deal. Baird Maritime noted that The Metals Company had no revenue or production as of April 2021, and highlighted the risky nature of the company's 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."Industry observers have called into question the company's "green" positioning in order to capitalize on a surge in environmentally-friendly investments. The Wall Street Journal noted that the company's CEO, Gerard Barron, previously backed another deep sea mining...