Metals Company SPAC

BETTER METALS FOR EVs Transparent regulatory regime supported by international law. 1994 Regulator established International Seabed Authority is formed and member nations join 2001 Exploration Regulations First Exploration Contracts granted to Government Institutions 2011 ¹ NORI ISA exploration contract and NORI sponsorship agreement with Nauru. 2 TOML ISA exploration contract and TOML sponsorship agreement with Tonga. 3 Marawa ISA exploration contract and Marawa sponsorship agreement with Kiribati. Seabed resources in the high seas are governed by the International Seabed Authority (ISA) Autonomous international organization - Modern regulatory regime Transparency & civil society engagement Less sovereign risk Royalty transparency Common heritage of mankind Focus on developing states & the environment NORI Area exploration contracts granted to DeepGreen, sponsored by Nauru¹ 2012 TOML Area exploration contracts granted to Nautilus, sponsored by Tonga- acquired by DeepGreen in March 2020² 2015 Marawa Area Commercial rights secured by DeepGreen, sponsored by Kiribati³ 2017 1st draft Exploitation Regulations issued by ISA We have the required contracts to explore our resources and we are on track to secure our first production contract. 2021 Final Exploitation Regulations were expected to be in place in 2020 but are delayed due to Covid-19... ...The ISA has committed to completing and adopting the code on an expedited basis and we expect the code to be adopted no later than 2023. national Seabed Authority 2023 Exploitation Regulations to be adopted by the ISA 15

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