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Deep-sea mining exploration firm The Metals Co starts trading

Reuters | September 10, 2021 | 7:43 am Markets USA Cobalt Nickel 
Deep-sea mining exploration firm The Metals Co starts trading
The potential impact of mining on deep-sea biodiversity, deep-sea habitats and fisheries are still being studied (Credit: Pew)

The Metals Co (TMC), which was created through the merger of deep-sea mining firm DeepGreen with blank-check company Sustainable Opportunities Acquisition Corp, started trading on the Nasdaq on Friday at $11.0535 a share.

The Metals Co has exploration licenses for parts of the Pacific Ocean seabed, where it hopes to mine for cobalt, nickel, and other battery metals.

Deep-sea mining has come under fire from environmentalists who call for a moratorium on the practice, saying too little is known about the harm it may cause to deep-sea ecosystems.

(By Helen Reid; Editing by Edmund Blair)

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