From this latest announcement from CDM we should see a material increase in the NTA on Monday 13th which will reflect TMC now having listed and trading on the NASDAQ. I've added a significant amount over the past few weeks and as this will be the last opportunity before details are released Monday I'll pick up a few more today in hope that Monday's trading results in the significant upside most are expecting.

ASX RELEASE:

10th September 2021 TMC The Metals Company Inc. Investment Update (Previously DeepGreen Metals Inc.) DeepGreen Metals Inc. announced overnight that they have completed their business combination with Sustainable Opportunities Acquisition Corporation (SOAC).

The combined company will operate as TMC The Metals Company and its common shares and warrants are expected to begin trading on the Nasdaq Global Select Market under the new ticker symbols “TMC” and “TMCWW” respectively today the 10 September 2021 (New York time - EDT).

Overnight the SOAC share price (SOAC US) closed at USD$ 10.62.

Monday’s 13th September 2021 weekly NTA announcement will include the full value appreciation of the TMC IPO. Wayne Davies Company Secretary

CDM ASX RELEASE 8th SEPT:

DeepGreen Metals Investment Update Sustainable Opportunities Acquisition Corporation (SOAC) overnight announced that its shareholders had approved the merger of DeepGreen Metals Inc. and SOAC, to create TMC The Metals Company Inc. (TMC).

The transaction is expected to close as promptly as reasonably practicable, but in no event later than the third business day following the satisfaction (or waiver) of the closing conditions between SOAC and DeepGreen.

In connection with the closing of the transaction, TMC expects to receive approximately USD$ 137.3 million in cash prior to transaction fees.

Approximately USD$ 110.1 million of the proceeds from the private placement (original commitments were USD$ 330 million) have been received to date. DeepGreen intends to waive the closing condition that the aggregate transaction proceeds shall be equal to or greater than USD$ 250 million.

With the expected proceeds, DeepGreen believes that the combined company will have the funding required to reach its previously stated key milestone of permitting to advance commencement of commercial production.

Overnight the SOAC share price (SOAC US) closed on the NYSE at USD$ 11.69. The SOAC press release can be found on the SEC website at: sec.gov/Archives/edgar/data/0001798562/000121390021046802/ea146779ex99-1_sustainable.htm

Our weekly and monthly NTA announcements will not include the full value accretion of the DeepGreen transaction until TMC lists. We will keep CDM shareholders informed of the progress of this listing through ASX announcements.