Metals Company SPAC
BETTER METALS FOR EVs
Investment highlights.
The world's largest estimated source of battery metals
Enough nickel, copper, manganese and cobalt in situ to electrify 280 million EVs¹
Four battery metals in high concentrations in a single resource
3.2% nickel equivalent² vs. 0.3-1.9% for the world's largest undeveloped nickel projects
Low-cost production
Expecting to be the 2nd lowest cost nickel producer on the planet³
70-99% reduction of lifecycle ESG impacts
Including zero solid waste, 90% less CO₂ equivalent emissions4
Attractive valuation with significant upside
0.35x P/NAV multiple only on 22% of the resource vs. 1.6x median for producing peers
Best-in-class strategic investors / partners
GLENCORE
*MAERSK
Vessel operations
Offtakes
Processing
Alseas
Offshore collection
technology
HATCH
Onshore processing
technology
"EV battery in a rock"
1 Assuming 75kWh batteries with NMC811 chemistry and nodule resource grade and abundance, "Where Should Metals for the Green Transition Come From?", Paulikas et al, LCA white paper, April 2020. Calculation based on estimated contained value of nickel.
2 Nickel equivalence calculation uses NORI-D Model price deck as stated on page 54. Based on converting the economic value of other metals into nickel using the average commodity prices across life of mine for NORI-D. Life of mine model based on Canadian NI 43-101 and SEC Regulation S-K (Subpart 1300) Compliant NORI
Area D Clarion Clipperton Zone Mineral Resource Estimate, AMC, March 2021.
3 DeepGreen analysis based Canadian NI 43-101 and SEC Regulation S-K (Subpart 1300) Compliant NORI Area D Clarion ClippertonZone Mineral Resource Estimate and associated financial model, AMC, March 2021. Metals Cost Curve, Wood Mackenzie, August 2020.
4 "Where Should Metals for the Green Transition Come From?", Paulikas et al, LCA white paper, April 2020. "Life cycle climate change impacts of producing battery metals from land ores versus deep-sea polymetallic nodules", Paulikas et al, December 2020.
5View entire presentation