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Pacific civil society warns that prospective deep sea miner, The Metals Company (TMC) may well go down the same path as the failed Nautilus Minerals. Formed by the merger of DeepGreen Metals and Sustainable Opportunities Acquisition Corp (SOAC), the company looks set for a bumpy ride. Over 90 percent of SOAC investors have already redeemed their shares rather than invest in TMC, and two major PIPE investors have reneged on their promised investments.
