Saturday, October 22, 2022 11:32:41 AM
Ford sales were down last quarter their EV sales were up. Collectively legacy OEM’s have pledged 20 billion in battery factories and most of them are building a battery factory. It’s not EV sales it’s auto sales as we are finally starting to shift to electric cars.
Tesla is planning on 50k semis, then there’s stationary storage from Tesla and other companies.
Current terrestrial mining operations do not have capacity to meet coming demand.
Plus Build Back Better ensures that batteries must be made domestically from American mining. Every indication from TMC shows materials going to processing on the west coast.
The “mining” operations for TMC involved scooping these nodules up from the ocean floor as they’re not attached. So there’s no drilling, processing or runoff
You are right, environmentalists are concerned about the noise and sediment pollution on the ocean floor, but my prediction is this will be like most instances of extracting resources, the financial opportunity will prevail.
We’re talking about billions of dollars sitting on the ocean floor. We don’t have the capacity with current mining and we don’t have to time to open new terrestrial mines, they present even worse issues with regard to pollution and child labor. Just look to cobalt as an example.
Recent TMC News
- The Metals Company Announces First Quarter 2024 Corporate Update Conference Call for Monday, May 13, 2024 • GlobeNewswire Inc. • 05/06/2024 08:30:35 PM
- TMC & SGS Produce World-First Nickel Sulfate from Deep-Seafloor Polymetallic Nodules • GlobeNewswire Inc. • 04/23/2024 12:00:41 PM
- Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC’s Board of Directors as Vice Chairman and Special Advisor to the CEO • GlobeNewswire Inc. • 04/10/2024 12:30:00 PM
- TMC Announces Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 03/25/2024 08:05:24 PM
- The Metals Company Fourth Quarter and Full Year 2023 Corporate Update Conference Call for Monday, March 25, 2024 • GlobeNewswire Inc. • 03/18/2024 08:05:24 PM
- TMC Applauds ~350 Former U.S. Political and Military Leaders Urging Senate to Ratify Law of the Sea for Deep-Sea Mine Sites "Each Containing a Trillion Dollars in Value" • GlobeNewswire Inc. • 03/14/2024 12:00:00 PM
- TMC Commends U.S. Congress on Bill to “Provide Financial, Diplomatic, or Other Forms of Support for Seafloor Nodule Collection, Processing and Refining” and Advancing International Regulations for Seafloor Resources • GlobeNewswire Inc. • 03/13/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 02:38:25 AM
- Pentagon to Deliver Report on Domestic Processing of Seafloor Nodules by March 1 as President Biden Signs NDAA • GlobeNewswire Inc. • 01/03/2024 01:30:29 PM
- TMC Subsidiary NORI Completes Key Offshore Research Campaign, Evaluating Seafloor Ecosystem Function a Year Post Nodule Collection Test • GlobeNewswire Inc. • 12/28/2023 01:00:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/22/2023 09:12:21 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/21/2023 09:58:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 09:57:04 PM
- TMC Subsidiary NORI Shares Preliminary Findings on Environmental Impacts of Pilot Nodule Collection System Test • GlobeNewswire Inc. • 12/14/2023 01:00:39 PM
- Thirty-One Members of Congress Call Upon Pentagon to Develop Plan for Processing Deep-Sea Polymetallic Nodules • GlobeNewswire Inc. • 12/12/2023 09:05:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/11/2023 05:15:25 AM
- Water Tower Research US Climate Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 12/08/2023 01:35:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/04/2023 11:07:24 PM
- Water Tower Research US Climate Investor Conference Agenda Announced for December 7th, 2023 • GlobeNewswire Inc. • 12/04/2023 01:35:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 10:16:40 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 11/30/2023 10:16:02 PM
- Dutch Court Orders Greenpeace Protesters Off NORI Research Vessel, Greenpeace Complies • GlobeNewswire Inc. • 11/30/2023 05:42:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 09:02:03 PM
- New Benchmark Study Highlights Impacts of Nickel and Cobalt Mining on Critical Forested Carbon Sinks Amid Battery Metals Boom • GlobeNewswire Inc. • 11/29/2023 01:55:52 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 02:35:47 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM