Deep sea miner has over $500 million to fund production

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.