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Battery metals firm DeepGreen signs deal to merge with SOAC
Mining Technology
The deal values the combined company at $2.9bn and includes a private investment in public equity (PIPE) of $330m, priced at $10 per share.
The PIPE investors include Allseas, Maersk Supply Service, Glencore, and certain strategic and institutional investors.
DeepGreen Metals is engaged in developing battery metals from seafloor polymetallic nodules.
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