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Deep sea minerals company The Metals Company has over $500 million pipeline to fund the company through to small-scale commercial production, said CEO Gerard Barron who spoke to Kitco on Thursday.
The Metals Company was formerly named DeepGreen.
A March financing valued the company at about $2.9 billion. Barron told Kitco he sees around $570 million total from the raise that will fund the company.
The Metals Company plans to collects polymetallic nodules containing cobalt, nickel, manganese and copper from the ocean floor. The company said production is expected to commence in 2024 from its NORI Area D block in the Pacific Ocean. The Metals Company is forecasting close to $2 billion in EBITDA in 2027.
1:10 What are ocean floor nodules?
5:57: Metals Company financing
19:07: Ecological concerns and answering World Wildlife Fund criticism
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How Silver Affects Gold, and Vice Versa
Gold has been trending up all year, well past the numbers expected by market analysts. And while some are now speculating that gold’s run is coming to an end, others believe that there may be more space to grow for the red-hot commodity. Silver is also on the up and up, and, believe it or not, the two are interconnected in a massive metal web, with one profoundly affecting the others place in the market.Ten Surprising Facts About Gold
Because of its value, many gold owners look for the best way to sell the precious metal (particularly when they have broken or unwanted jewelry) to refineries in exchange for money. While you may be most familiar with this jewelry-refining scenario, there are numerous other gold items that can be recycled. Here are ten fun facts about gold.How to Ensure You Are Getting a Good Price at a Gold Party
Gold parties have become quite popular of late but still there is a lot that is unclear about these events. Some people are skeptical about these events because they aren’t sure that they will get a good price for their gold at these parties.Don’t Invest In Fools’ Gold
The market is nervous. Foreign governments are falling. Oil is climbing. People are talking about inflation. Is now the time to pull the trigger and invest in gold? “Should I contact Goldline or one of the numerous gold suppliers I see being pitched by the talking heads on tv?” you ask? Well, to put it simply, no!Why Many Investors Prefer Classic European Gold Coins
In today’s precious metals market, it allows you to have the opportunity to diversify your financial portfolio. Gold is one of the best safe haven assets that helps to provide protection against a failing and falling US dollar. Ultimately it helps to protect you by hedging from the inevitable inflation.What If The Government Confiscates Gold?
A proper position is gold is also private and stores the value of your hard earned labor rather than the fiat paper money system that is being printed away. The government confiscated gold in 1933 and with our present governments massive debt, could they do it again? What would the price of gold be at?Gold – The New Reserve Currency
There is talk of a new currency fully backed by gold. Whether or not if gold becomes part of a new currency backing or it fully backs the new proposed currency, it is very bullish for the price of gold. Any small dips that we see in the price of gold today represent great buying opportunities for tremendous profits ahead!Silver in Backwardation – And Ready for the Next Leg Up
This article examines the price of silver. The article concludes that silver is set to go higher in the short-term. Fundamental and technical reasons for a further rally are provided.Three Urgent Reasons to Buy Gold Today
In today’s market environment we see people attempting to find a secure investment. This article suggests three urgently important reasons why you should buy gold today.Buy Gold and Silver Coins Or Gold and Silver ETFs – Which Makes The Better Investment?
Trying to decide if it’s best to invest in Gold and Silver ETFs (Exchange Traded Funds), or is it best to buy the actual gold and silver bullion? There are lots of important variables to consider before investing. This article outlines the variables and sheds light on several key aspects that you almost never see anyone talking about. Knowledge is power and it pays to know this information before you lay down your investment dollars. Plus, if you decide to buy gold and silver, and decide to buy gold and silver coins, I will tell you about the world’s only gold and silver buyers club. It’s an exclusive membership club that allows it’s members to buy all of the gold and silver they want, at true wholesale prices. You have never seen anything like this.