Metals Company’s Pilot Processing Campaign Converts Seabed Nodules to Alloy Containing Critical Metals for Batteries

NEW YORK–(COMMERCIAL THREAD) – The Metals Company (Nasdaq: TMC), an explorer of low-impact battery metals from polymetallic seabed nodules, today announced that it has derived an alloy of high-quality battery metals from its campaign pilot merger, carried out in partnership with Expert Process Solutions (XPS) with the support of Hatch and Optimize Group. The smelting work builds on last year’s calcination campaign at FLSmidth’s facilities, which demonstrated that conventional and proven rotary kiln technology can be used for this process.

Led by The Metals Company’s head of onshore development, Dr Jeffrey Donald, the pilot project team used a custom process derived from conventional nickel processing schemes to separate the base metals contained in the nodules into two streams. concentrates: an alloy composed of critical metals essential for EV batteries and wiring, including nickel, cobalt and copper; and a manganese silicate which can be sold directly in the market and subsequently processed into a manganese alloy – an essential input to steel production.

“From a metallurgical point of view, nodules are an excellent raw material to work with,” said Dr Donald. “They have high precious metal qualities, low impurities, low variability and come in shapes and sizes that make them very easy to handle, dramatically reducing the cost and complexity of processing.”

This latest step in The Metals Company’s pilot processing program brings the company closer to its ambition to build a full-scale metallurgical processing plant and further advances the company’s mission of eliminating solid waste streams and tailings and harmful residues associated with conventional soils. extraction and production of base metals.

“These encouraging results show that nodules could be an attractive alternative to terrestrial minerals for securing high volumes of essential metals needed for energy independence,” said Gerard Barron, President and CEO of The Metals Company. “With the potential to ship them anywhere in the world for processing, the nodules could help solve national supply needs for important metals like nickel and manganese. ”

The Metals Company’s metallurgical strategy is to use a processing scheme that uses conventional equipment in a process that aims to generate near zero solid waste. Compared to terrestrial ores, polymetallic nodules have relatively lower levels of harmful elements, and the dual pyro / hydrometallurgical process planned by the company should allow the recycling of tailings to the smelter and the selection of reagents that produce products. in place. of waste.

About The Metals Company

TMC the metals company Inc. (The Metals Company) is a low impact battery metals explorer from polymetallic seabed nodules, with a dual mission: (1) to provide metals for the clean energy transition with the least amount of possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The company, through its subsidiaries, owns exploration rights to three polymetallic nodule contract areas in the Clarion Clipperton area of ​​the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. More information is available at www.metals.co.

Forward-looking statements

Certain statements made in this press release are not historical facts but are forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as ” believe “,” may “,” will “,” estimate “,” continue “,” anticipate “,” intend “,” expect “,” should “,” should “,” plan “, “Foresee”, “potential”, “seem,” “seek”, “future”, “prospect” and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. The outlook contained in this press release includes, but is not limited to, TMC’s expectations regarding the construction of a large-scale metallurgical processing plant and the disposal of solid waste streams and harmful residues and residues associated with the operation. ‘extractio n and the production of conventional metals, the capacity of nodules to help solve national nickel and manganese supply needs, and the success of the dual pyro / hydrometallurgical process planned by TMC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are beyond TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: regulatory uncertainties and the impact of government regulations and political instability on TMC’s resource operations; changes in any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of the collection of polymetallic nodules on biodiversity in the CCZ and the recovery rates of the affected ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the absence of development of the polymetallic nodule deposit of the seabed; uncertainty in estimates for mineral resource calculations for certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty regarding specialized treatment and the treatment of polymetallic nodules that TMC could recover; risks related to collective operations, development and transformation; fluctuations in transport costs; testing and manufacturing of equipment; risks associated with TMC’s limited operating history; the impact of the COVID-19 pandemic; risks associated with TMC’s intellectual property; and other risks and uncertainties indicated from time to time in the Final Prospectus and the Final Proxy Circular, dated and filed with the SEC on August 12, 2021 relating to the recently completed business combination, including those mentioned under “Risk Factors” and in TMC’s report on other future filings with the SEC. TMC cautions that the above list of factors is not exclusive. TMC cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date they are posted. TMC does not undertake or accept any obligation or commitment to publicly issue updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in the events, conditions or circumstances upon which such statement is made. based, unless required by law.

About Kristina McManus

Kristina McManus

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