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DEEP SEA MINERALS CORP. SUBMITS RESPONSE TO U.S. DEFENSE INDUSTRIAL BASE CONSORTIUM SOLICITATION FOR CRITICAL MINERALS
Globenewswire· 2026-03-20 11:30
Core Insights - Deep Sea Minerals Corp. has submitted a bid to the U.S. Defense Industrial Base Consortium (DIBC) to supply critical minerals, particularly Nickel, and a commercialization plan [1][4] - The DIBC's recent request for project proposals emphasizes the need for alternative supply chains for defense-critical minerals used in various technologies [2] - The U.S. Government is actively engaged in strategic planning and funding to secure domestic production capabilities for critical metals essential to the defense industrial base [4] Company Overview - Deep Sea Minerals Corp. specializes in exploring and developing deep-sea mineral resources that are vital for emerging technologies, including those used in batteries and defense [5][6] - The company's strategy focuses on identifying jurisdictions with potential polymetallic nodule systems, which contain metals relevant to defense and advanced technologies [7] - The company is initiating early-stage engagement with governments and regulatory bodies in the Pacific Ocean region to explore future initiatives [8]
Deep Sea Minerals Corp. Clarifies Disclosure at the Request of the BCSC
Globenewswire· 2026-03-17 21:30
Core Viewpoint - Deep Sea Minerals Corp. is addressing concerns raised by the British Columbia Securities Commission regarding its promotional activities and disclosures, emphasizing the need for balanced information and transparency in communications with investors [1][3][5]. Group 1: Promotional Activities - The company engaged Capital Gain Media Inc. for promotional activities, which included several articles highlighting the potential of subsea mineral resources and comparisons with other companies [2]. - Following the BCSC's review, the company instructed Capital Gain to remove the promotional materials and is reviewing all investor relations content to ensure compliance with disclosure standards [3][6]. Group 2: Company Position and Operations - Deep Sea Minerals Corp. is focused on subsea mineral exploration and development, aiming to support the supply of critical minerals through the acquisition and exploration of deep-sea mineral assets [7]. - The company's strategy involves identifying regions with potential polymetallic nodule systems, which are important for various industries including defense and clean energy [8]. Group 3: Future Plans and Risks - The company has begun early-stage engagement with governments and regulatory bodies in the Pacific Ocean region to explore future initiatives, contingent on international and environmental regulations [9]. - The company cautions that it has not yet secured any mineral rights and does not currently own proprietary subsea mining technology, indicating that achieving commercial operations will require significant time and capital [4][5].
DEEP SEA MINERALS CORP. JOINS THE NATIONAL OCEAN INDUSTRIES ASSOCIATION (NOIA)
Globenewswire· 2026-03-11 11:30
Core Insights - Deep Sea Minerals Corp. has joined the National Ocean Industries Association (NOIA), enhancing its engagement with industry leaders and policymakers to promote responsible offshore resource development [1][2][3] Company Overview - Deep Sea Minerals Corp. is focused on subsea mineral exploration and development, aiming to support the supply of critical minerals through the acquisition and exploration of deep-sea mineral assets [5] - The company targets polymetallic nodule systems, which contain metals relevant to defense, industrial manufacturing, clean energy, advanced electronics, and artificial intelligence [6] Strategic Initiatives - The company is committed to advancing the responsible development of deep-sea mineral resources essential for modern technologies and energy systems [3][4] - Early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region has commenced to explore future exploration initiatives [7]
Deep Sea Minerals Corp. Provides Corporate Update
Globenewswire· 2026-03-10 23:00
Core Viewpoint - Deep Sea Minerals Corp. has successfully raised gross proceeds of $4,220,170 through an over-subscribed non-brokered private placement, which will enhance its ability to advance critical mineral opportunities from the deep ocean [1]. Fund Utilization - The company has updated its planned use of funds as follows: - Accounting, general and administration fees increased from $6,000 to $250,000 - Audit and tax preparation fees increased from $14,000 to $80,000 - Business development allocated $200,000 - License and application fees set at $500,000 - Investor relations activities increased from $2,000 to $1,000,000 - Legal fees increased from $6,000 to $100,000 - Management fees increased from $42,000 to $300,000 - Repayment of the loan set at $50,000 - Transfer agent, regulatory and filing fees increased from $12,000 to $75,000 - Unallocated working capital increased from $12,480 to $759,650 - Total planned use of funds increased from $1,094,480 to $4,314,650 [2]. Company Overview - Deep Sea Minerals Corp. focuses on subsea mineral exploration and development, aiming to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets [4]. - The company's strategy involves identifying jurisdictions with potential polymetallic nodule systems, which are important for various industries including defense, clean energy, and advanced electronics [5]. Engagement and Regulatory Framework - The company has initiated early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to explore future initiatives, adhering to international, national, and environmental regulations [6].
DEEP SEA MINERALS CORP. SIGNALS INTENT TO PROCEED WITH LICENSE APPLICATION IN ACCORDANCE WITH U.S. NOAA PROCESS
Globenewswire· 2026-03-03 12:30
Core Viewpoint - Deep Sea Minerals Corp. is advancing its deep seabed mineral resource development by engaging with NOAA under the U.S. regulatory framework, demonstrating its commitment to responsible exploration of critical minerals essential for energy transition and national security [1][3][6]. Group 1: Company Initiatives - The company has initiated engagement with NOAA to submit a comprehensive application for deep seabed mineral resource development [2]. - The CEO emphasized the importance of the U.S. jurisdiction for providing a transparent and predictable pathway for responsible mineral development [3]. - The company is committed to environmental stewardship and compliance with all applicable laws and regulatory standards [3]. Group 2: Strategic Focus - Deep Sea Minerals Corp. focuses on evaluating opportunities for critical minerals through the acquisition and development of deep-sea mineral assets [5]. - The company's strategy includes identifying jurisdictions with potential exposure to polymetallic nodule systems, which are important for various industries including defense and clean energy [6]. - The company is also engaging with governments and regulatory bodies in the Pacific Ocean region to explore future initiatives [7].
DEEP SEA MINERALS CORP. APPOINTS MARK HANDIN AS STRATEGIC ADVISOR
Globenewswire· 2026-02-17 12:30
Core Viewpoint - Deep Sea Minerals Corp. has appointed Mark Handin as a Strategic Advisor to enhance its strategic direction in the critical minerals sector [1][4]. Company Overview - Deep Sea Minerals Corp. is focused on subsea mineral exploration and development, aiming to support the future supply of critical minerals through the acquisition and exploration of deep-sea mineral assets [6]. - The company's strategy involves identifying jurisdictions with potential polymetallic nodule systems, which are important for various industries including defense, clean energy, and advanced electronics [7]. Appointment of Strategic Advisor - Mark Handin brings over 27 years of leadership experience in offshore maritime, transportation, and oilfield services, currently serving as President of Patriot Maritime [2]. - In his advisory role, Mr. Handin will provide strategic advice on global maritime operations, offshore energy development, and regulatory compliance, supporting the company's exploration and development programs [3]. - The appointment is advisory and does not confer any officer or director role to Mr. Handin [4]. Stock Options - The company has granted Mr. Handin 75,000 stock options as part of his appointment, exercisable for five years at the market price on the date of grant, contingent on his continued service [5]. Engagement with Regulatory Bodies - The company has initiated early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to explore future initiatives, adhering to international and environmental frameworks [8].
Deep Sea Minerals Corp. Provides Strategic Update on Cook Islands and U.S. NOAA Pathways as U.S. Accelerates Offshore Critical Minerals Policy and Expands Supply-Chain Investment
Globenewswire· 2026-02-11 12:30
Core Viewpoint - Deep Sea Minerals Corp. is actively pursuing offshore critical minerals initiatives in the Cook Islands and the United States, leveraging recent regulatory changes and partnerships to enhance its strategic positioning in the critical minerals sector [1][2][3]. Corporate Strategy: United States (NOAA / DSHMRA) - The company is advancing its offshore critical mineral initiatives in the U.S. through permitting pathways under NOAA, which recently revised the DSHMRA permitting process to modernize and consolidate it [2][5]. - A federally funded hydrographic survey covering over 30,000 square nautical miles off American Samoa is part of the U.S. Offshore Critical Minerals Mapping Plan, indicating a shift towards a more structured permitting environment [2][6]. - The U.S. regulatory framework is seen as distinct due to its integration with supply chain policy and national security priorities, prompting the company to allocate capital for regulatory engagement and procedural readiness [2][4]. Corporate Strategy: Cook Islands (Exclusive Economic Zone) - The company is also pursuing initiatives in the Cook Islands EEZ, which has a well-established seabed mineral regulatory framework supported by scientific assessments [3][10]. - A formal cooperation framework between the Cook Islands Government and the U.S. on critical minerals was established in February 2026, aligning with U.S. policy objectives [3][12]. - The Cook Islands' licensing regime and extensive baseline datasets provide a structured environment for offshore mineral activities, consistent with the company's disciplined approach [3][11]. Industry Developments - Recent industry reports indicate increased attention to NOAA-administered pathways, suggesting that the U.S. regulatory channel is becoming a focal point for offshore critical minerals strategy [13]. - The U.S. has initiated "Project Vault," a $12 billion initiative aimed at strengthening strategic mineral resilience through stockpiling and supply chain measures, reflecting a heightened policy focus on securing critical mineral access [8][14]. Broader Market Context - A U.S.-led initiative to create a critical minerals trade bloc involving approximately 55 countries aims to counter China's dominance in the sector, proposing coordinated price floors and adjustable tariffs to stabilize markets [14]. - The U.S. administration's actions, including Project Vault, are designed to enhance supply chain resilience and reduce reliance on foreign processing capacity [14][15]. OTCQB Uplisting - The company has graduated from the OTC Pink Market to the OTCQB Venture Market, which is expected to enhance visibility and liquidity for investors [16][17].
Deep Sea Minerals Corp. Announces Closing of Oversubscribed $4.22 Million Private Placement
Globenewswire· 2026-02-06 21:55
Core Viewpoint - Deep Sea Minerals Corp. has successfully closed a non-brokered private placement, raising $4,220,170 through the issuance of 10,550,425 common shares at $0.40 per share, indicating strong investor interest in the critical minerals sector [1][4]. Group 1: Offering Details - The private placement involved the issuance of 10,550,425 Shares at a price of $0.40 per Share, resulting in gross proceeds of $4,220,170 [1]. - The Company paid finder's fees totaling $95,620 in cash and issued 239,050 common share purchase warrants, each exercisable at $0.40 for 24 months [2]. - All securities from the Offering are subject to a four-month hold period, ending on June 7, 2026 [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for specific business objectives, repayment of a loan, marketing, and general working capital [3]. Group 3: Company Overview - Deep Sea Minerals Corp. focuses on subsea mineral exploration and development, aiming to support the future supply of critical minerals through the acquisition and development of deep-sea mineral assets [5]. - The Company's strategy includes identifying jurisdictions with potential polymetallic nodule systems, which are important for various industries including defense, clean energy, and advanced electronics [6]. Group 4: Industry Engagement - The Company has begun early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to explore future initiatives, adhering to international and environmental frameworks [7].
Deep Sea Minerals Corp. Welcomes NOAA Deep-Sea Mapping Initiative Near American Samoa
Globenewswire· 2026-01-28 12:30
Core Viewpoint - Deep Sea Minerals Corp. is positioned to benefit from the NOAA's deep-sea mapping initiative, which aims to enhance understanding of deep-sea mineral systems and support future policy and resource planning [1][2][3] Industry Insights - The NOAA program will focus on high-resolution seabed mapping, geological characterization, and environmental baseline data collection in federal waters offshore American Samoa, contributing to a broader U.S. government effort to improve scientific understanding of domestic deep-sea mineral systems [2][3] - The initiative is part of the U.S. Department of Commerce's offshore critical minerals agenda, emphasizing the strategic importance of securing access to critical minerals for national defense, advanced manufacturing, energy transition, and emerging technologies [3][4] - As geopolitical competition for critical minerals intensifies, the U.S. and allied nations are increasingly focusing on domestic and allied-controlled sources, including deep seabed resources [5] Company Strategy - Deep Sea Minerals Corp. is focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets [6][7] - The company's strategy includes identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which contain metals relevant to defense, industrial manufacturing, clean energy infrastructure, and advanced electronics [7] - The company has begun early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to explore potential pathways for future exploration initiatives [8]
Deep Sea Minerals Corp. Completes Name Change and Provides Industry Update
Globenewswire· 2026-01-26 12:30
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].