Kitco NEWS Interviews
Kitco NEWS Interviews
Kitco NEWS, David Lin
Deep sea miner has over $500 million to fund production
25 minutes Posted Apr 29, 2021 at 7:38 pm.
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The Metals Company has over $500 million pipeline to fund the company through to small-scale commercial production, said CEO Gerard Barron who spoke to Kitco on Thursday.
The Metals Company was formerly named DeepGreen. A March financing valued the company at about $2.9 billion. Barron told Kitco he sees around $570 million total from the raise that will fund the company.
The Metals Company plans to collects polymetallic nodules containing cobalt, nickel, manganese and copper from the ocean floor.