2021.09.20 01:19 BigWhaleOfficial TMC- set for explosive week!!!
$TMC - why this company is more than it seems
Someone commented on a $TMC hype post asking: what does this company even do?
After getting berated by WSB finest short squeezers with:
“we don’t ask questions here”
“do we even care?”
“I think it’s a tech company”
“this may be the least important question on a thread I have ever seen”
I had to say something.. so I responded “metals or something”. I had no fucking idea what this company did either. But it got me researching, and the information I have found not only impresses me but also makes me hopeful for the future.
Regardless, I was already in and you are too, and if you’re not, here is why you should.
At the end of the day, we’re here to make money so lets go
2 parts. First, what does this company actually do? Second, why this is the least important question right now.
None of this is financial advice, do your own DD.
I just learned how to read so if there’s mistakes let me know.
Part 1. metals or something Check out the company website. Lots of the information I will present can be found there, including their investor site, and 8K filings.
They have a film on the home page that describes this with moving graphics and cool shit. Pretty dope.
(Auto mod doesn't like the link, but it's metals dot co)
The problem: Humans want shiny stuff and tech. Like cars and big buildings, and iphones to hear intelligent people discuss politics on twitter, or if our big brother AMC is worth 1 trillion or 100 trillion dollars. The issue is how much we’re fucking up our planet to get everyone what they want.
Solution: Decarbonizing global energy and transport
What do Teslas, and phones, and tech in general need? You guessed it: Pornhub access.
What’s the second thing they need? Metals.
Carbon-free systems will take billions of tons of metals to build. And as the population grows, urbanizes, and develops, this also requires… a fuck ton of metals.
The cleanest resource for critical metals are [Polymetallic nodules]
These ugly fuckers remind me of what my grandma had growing on her elbow before she preceded to cut it off in front of us and bleed profusely. (Her elbow wasn’t the only thing scarred)
But these little guys, they bleed money. And I mean profusely.
They contain the base metals needed to make batteries. Which alone is a $12 Billion industry growing at 8.2% rate. By 2027 it’s estimated the battery metal market will be worth $20.5 Billion.
TMC’s main focus is supplying the electric vehicle market with the necessary metals. They do this through deep sea mining. They have some pretty neat tech like this thing:
It goes along the ocean surface floor (with minimal disturbance) picking up the rocks, sends them up a tube to a ship vessel, where it gets filtered and then zoomed to shore. At the shore, inside a plant, they burn the nodules and extract the metals through some refining voodoo magic. The company also uses AI to do this the most efficient way possible.
The Metals Company now holds rights to exploration contracts granted by the International Seabed Authority via three subsidiaries: Nauru Ocean Resources Inc. (NORI), sponsored by Nauru; Tonga Offshore Mining Ltd. (TOML), sponsored by the Kingdom of Tonga; and Marawa, sponsored by the Republic of Kiribati.
The NORI area alone contains enough metal to potentially supply battery metals for 140 million electric vehicles. Our studies estimate that the number of polymetallic nodules within our three exploration areas is enough to electrify a quarter of the world’s passenger vehicle fleet (approx. 280 million EVs).
To put it into perspective; Tesla is the largest producer of electric vehicles, producing a total of 1.43 million cars as of March 2021.
And $TMC is estimated to be sitting on 280 million cars worth of battery metals.
That’s a lot of rocks.
Their plant is designed to produce zero waste and is run on clean energy. In the future they’re looking to recycle the metals from car batteries and put the metals back into circulation.
Our aim is to recycle battery metals in a closed-loop system of rental and redeployment partnerships with like-minded EV and battery manufacturers. This circular supply chain will grow over time and, as the need for new metals decreases, recycled metals will become our primary focus.
Our plan is simple and attainable: supply the necessary metals with the least possible impact, building enough metal stock to stop extracting from the planet and enabling society to live off recycled metals.
But Junkyard-Razor74, don’t we have metals on land that we’re mining? Why yes but back to the planet thing. We’re trying to save it right? Rightttt?
[and that's just the beginning for climate spending]
Infrastructure, auto industry, transit, power sector, buildings, innovative technologies. They all need metals. And many of them batteries. This is where the metal company is positioning themselves to bank. The future is green 💵 💵 💵 ☘️☘️☘️
Using nodules to create EV batteries will generate at least 75% less CO2 than ores from land-based mines.
Cool. So now we’re on the same page. Electric cars have batteries, batteries need metals, TMC make batteries good for planet.
Part 2. why it doesn’t matter (right now) Information directly from form 8K dated 9/15/2021.
DeepGreen Metals and Sustainable Opportunities Acquisition Corporation completed Their business combination and began trading on the NASDAQ under ticker $TMC on Sept 10th, 2021.
In connection with the closing of the transaction, The Metals Company expects to receive approximately $137.5 million in cash prior to transaction fees, including $27.2 million of proceeds distributed from the trust account after accounting for redemptions and $110.3 million of proceeds from PIPE investors in the private placement.
Sustainable Opportunities Acquisition Corporation acquired all of the issued and outstanding common shares in the capital of DeepGreen:
The shareholders and the option holders of DeepGreen became entitled to receive at the Effective Time, in exchange for their DeepGreen Common Shares and options to purchase DeepGreen Common Shares, as applicable, an aggregate of 229,162,651 TMC Common Shares (which includes TMC Common Shares underlying options).
Each Share is automatically convertible into TMC Common Shares on a one-for-one basis.
Sustainable Opportunities Acquisition Corporation entered into Subscription Agreements with certain investors (the “PIPE Investors”), pursuant to which the PIPE Investors agreed to purchase an aggregate of 11,030,000 TMC Common Shares at a purchase price of $10.00 per share, for aggregate gross proceeds of $110,300,000 (the “PIPE Financing”).
Sustainable Opportunities Acquisition Corporation also entered into Subscription Agreements for an aggregate of 22,000,000 Common Shares, for a purchase price of $10.00 per share and an aggregate purchase price of $220,000,000 with two investors who defaulted on the Closing Date under the Subscription Agreements. The Company plans to aggressively pursue its available remedies with respect to such investors.
In summary: They got cash in the bank. Also, the total number of TMC Common Shares outstanding immediately following the Closing was approximately 224,385,324 comprising
2021.09.20 01:19 FBAGameplay Stream week 20th September too 25th September
| Here is my old but gold Discord gif, whatcha think? xD|
I will get back into overwatch competitive with 3 hours sleep today, let's see how many smurfs I can beat with 3 hours sleep and only played 4 games the last 14 days, let's go! :D #notevenrusty
Also still coughing like I am dying, any tips? :o Maybe an idea what it could be? doubt it is covid tho.
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2021.09.20 01:19 ColossalTitanAteMe 26M feeling old
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2021.09.20 01:19 alper Why a carmaker bought a grocery franchise in Vietnam
|submitted by alper to FT_comments [link] [comments]|
2021.09.20 01:19 ilexus-6603 Should change heading to “MOE managed to nego with Covid to only start work from Sept 27” capture readership
|submitted by ilexus-6603 to SingaporeRaw [link] [comments]|
2021.09.20 01:19 princesssjoye I hate men..
My ex and I have been off and on since like May. (We were together with no breaks for months before that) He keeps coming around and apologizing and then 1 week, 2 weeks, this time 3 weeks later he changes his mind. He says things like I just can’t do this…. Or this isn’t what I want.. or sometimes simply just idk anymore… And each time it (including this one) it happens out of the blue. Like no argument or anything bad that happens prior. I am SO sick and tired of this. Last time I told myself I would never fall back into it again, but I love him and he was going through a suicidal mental breakdown. I couldn’t turn my back on him, and then he “sincerely” apologized for all the wrong he’s done towards me for like an hour. Now we’re back at the same shit again. I hadn’t heard from him for 4 days until today when he said “I love you as a person, I just can’t do this anymore…” I am so confused, mad, and hurt. Any thoughts or advice are welcome as I literally have no one to talk to about this with 🙁
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2021.09.20 01:19 BuckyGoldstein1 How the HELL do I get out of my own head?
I normally don’t think about anything once I address the ball, prior to address I go thru a little pre swing routine but once I’m addressed I used to just swing and trust my swing. The past few rounds I’ve felt so uncomfortable over the ball, and I can’t figure out when to start my swing. I used to just address the ball and my swing would start naturally. I am so lost over the ball. The scene from Tin Cup comes to mind, turn your hat around, put a tee behind your ear, put all your change in your left pocket. How do you get out of your own head?!
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2021.09.20 01:19 Frozen_TJ Upgrade to the flares. Before and after.
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2021.09.20 01:19 CocoissoKawaii Photo booth and iMovie won't record!
| I am trying to record a video on Photo Booth, but whenever I try to record, it freezes when the countdown starts. After I "record" this shows up:|
I've been able to record before (after having this same issue) but i can't remember how. Is there anything I can do to fix it?
*iMovie isn't working either. When I record, the screen is black and when I finish no media file pops up in my project*
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2021.09.20 01:19 Go_To_Bethel_And_Sin Week 2 Recap Thread: The Vikings (0-2) lose to the Cardinals (2-0) 34-33
2021.09.20 01:19 beleebi8211 Win a PS5, $200 GIFT CARD OR $50 CHICK FIL A GIFT CARD(US)(??)
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2021.09.20 01:19 fizzlepopbrr Wallet Seed Phrase
Hello all, I downloaded the Hydra client and installed the Installable wallet to store my LOC. The client did not give me a seed phrase. I was wondering you there was a way to create a seed phrase once the wallet was already created?
Thank you in advance!
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2021.09.20 01:19 james321232 how are you guys doing?
2021.09.20 01:19 Reps2020 Tears (Starfire Interlude)
2021.09.20 01:19 766AP Has 'castle doctrine' been Constitutionally protected by any SCOTUS ruling, or could America eventually see a 'duty to retreat' in one's own home?
There are countless laws that can castrate the 2nd Amendment w/ enough leftism in Congress and the White House, such as federal 'duty to retreat' legislation for self-defense in public (IF we're even lucky enough to have SCOTUS protect public carry in the first place).
This got me thinking: do we even have stand-your-ground protection in our own homes? (I'm not referring to the legal/technical policies of 'stand your ground' laws. I'm referring to the simple lack of a 'duty to retreat'.) If so, which SCOTUS ruling carved this out?
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2021.09.20 01:19 seven_critical_blows hmmm
2021.09.20 01:19 victory-45 @erinotoole just walked out the back door of a campaign office in #Markham, and got into an #RCMP vehicle and left, ignoring shouted media questions. Unlike @JustinTrudeau &@theJagmeetSingh , the #CPC leader has not today taken media questions
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2021.09.20 01:19 guru_guru313 i made some upgrades in my house. what you think? any criticism?
2021.09.20 01:19 Acesexual_Cello What is Tarcy Thompson from Artist VS Poet doing now?
This is so random, but I've always liked AVP and I know he left the band around 2011 to pursue being a father but I'm just kind of curious what he's up too now 10 years later. I figured if any place knew the answer it would probably be here.
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2021.09.20 01:19 Josh92391 [WTS] Radical Firearms 10" Quad Rail + BCM Gunfighter ForeGrip - $100 (GA)
Looking to sell a 10" free float Radical Firearms FQR Quad Rail. The rail has a BCM gunfighter foregrip attached to it. The BCM is brand new, but the quad rail has some salt, nothing crazy. It was on one of my ARs for a few hundred rounds.
Want $100 shipped for both. Thanks!
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2021.09.20 01:19 KingTimKap Love him or hate him, Kanye is easily one of the rappers of all time
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2021.09.20 01:19 RAdams1111 2017 Hyundai Accent Mods???
I just bought my first (Non-craigslist) car and it is the 2017 Hyundai Accent. I know it isn't a car that is known to go fast or anything but is there anything that I can do to get a little more performance out if the car? Runs great and all, I was just hoping for a little bit more. I was thinking about getting a cold air intake for it, but I want to have other, more knowledgeable, peoples' opinions on what to do or if I should even do anything period. Thanks for ya'lls time and hope to have good conversations with ya!
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2021.09.20 01:19 Cesco5544 because Texas has reminded me
I was in my journalism class and my teacher was telling us about a quote our paper got from an orphan who said, " I'm happy my mom didn't abort me" I thought that was very powerful and then I thought fuck that kid I wish my mom aborted me
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2021.09.20 01:19 M4K3T3S64LR3DY [XB1] H: B50c25 Handmade W: BSS1S Powerfist
2021.09.20 01:19 mdahlman Dead legs from running, decided to complete an overdue project.