Deep sea miner has over $500 million to fund production
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.
Kitco NEWS Interviews · Michael McCrae, Gerard Barron
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