DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corporation DeepGreen, Developer of the World's Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation Friday, March 5, 2021 10:00AM IST (4:30AM GMT)
Vancouver, British Columbia, Canada & Dallas, Texas, United States:
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC