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The Metals Company Showcases Pilot Nodule Collection Technology at Stakeholder Event Co-Hosted by Allseas - Yahoo Finance

Last updated Thursday, November 4, 2021 08:00 ET , Source: NewsService

NEW YORK, November 04, 2021--(BUSINESS WIRE)--The Metals Company (Nasdaq: TMC) ("TMC" or the "Company"), an explorer of the world’s largest estimated undeveloped source of battery metals for electric vehicles ("EVs"), today announced the completion of their event in Rotterdam, Netherlands, ‘Engineering the Future with Allseas,’, co-hosted by the Company’s strategic partner and shareholder, Allseas Group S.A. ("Allseas"). In partnership with TMC, Allseas is developing a deep-sea collection system to responsibly recover polymetallic nodules from the ocean floor and lift them to the surface for transportation to shore.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104005653/en/

Hidden Gem (The Metals Company) (Photo: Business Wire)

At the event, key stakeholders were given the opportunity to tour the pilot polymetallic nodule collection vessel, the Hidden Gem, and the facility where the prototype of a nodule collector vehicle is being built. The Hidden Gem is a 228-meter-long former drill ship and is currently undergoing key modifications to enable at-sea deployment through its existing moonpool of a 4.3-kilometer-long riser that would bring polymetallic nodules up from the seafloor. The Hidden Gem is expected to become the world’s first ship classed as a subsea mining vessel by the American Bureau of Shipping. Allseas engineers have also integrated a launch and recovery system for the twelve-meter-long nodule...



Read Full Story: https://finance.yahoo.com/news/metals-company-showcases-pilot-nodule-120000706.html

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