Deep Sea Minerals Corp. Completes Name Change and Provides Industry Update

Core Viewpoint - Deep Sea Minerals Corp. has officially changed its name and stock symbol to reflect its focus on deep-sea critical minerals exploration, aligning with U.S. national security priorities and the energy transition [1][2]. Company Developments - The company's common shares began trading under the new symbol "SEAS" on the Canadian Securities Exchange [1]. - The name change signifies the company's evolution towards establishing a leading position in the deep-sea critical minerals sector [2]. Strategic Alignment - The U.S. government's emphasis on mineral independence enhances the strategic importance of deep-sea minerals, which are vital for national defense and clean energy systems [3]. - Recent U.S. policy shifts, including expedited exploration licensing and permitting for underwater mining, present significant opportunities for the company [4][5]. Regulatory Environment - The National Oceanic and Atmospheric Administration (NOAA) is conducting a hydrographic survey of over 30,000 square nautical miles off American Samoa, part of the U.S. Offshore Critical Minerals Mapping Plan [6]. - These regulatory changes align with the company's strategic priorities and may expedite its path to securing underwater mineral rights [5][7]. Market Positioning - The company aims to identify jurisdictions with potential for polymetallic nodule systems, which are crucial for various industries including defense and clean energy [9][10]. - Early-stage engagement with governments and regulatory bodies in the Pacific region is underway to explore future initiatives [11].