Unlocking the World’s Largest Estimated Undeveloped Source of Battery Metals
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Stock Code:
NASDAQ: TMC
Company Exposures:
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 Electric Vehicles (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 and high grade – 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 280M EVs
- 3% nickel-equivalent grade, +10x higher than some of the world’s largest undeveloped nickel sulfide projects
- Low cost: four metals at a high-grade in one resource = profit across the commodity cycle
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 Sea which aims to deliver final regulations in 2025
Low ESG cost
- Expected 70-99% reduction of lifecycle ESG impacts, including near-zero solid processing waste
- 90% less CO2 equivalent emissions compared to land based metal extraction
Trading at less than 5% of NPV for 1st project alone
- ~US$10B NPV at current metal prices for NORI-D, TMC’s first project representing 22% of the company’s estimated resource
Tier 1 partners and investors
- Allseas Group, Pacific Metals of Japan (PAMCO), Hatch, Bechtel25
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