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Copperhead Confirms Effective Date for Name and Stock Symbol Change
Globenewswire· 2026-01-23 12:30
Company Overview - Copperhead Resources Inc. will be renamed to Deep Sea Minerals Corp., effective January 26, 2026 [1] - The company focuses 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] Name Change and Trading Information - The common shares will begin trading under the new stock symbol "SEAS" on the Canadian Securities Exchange on January 26, 2026 [2] - The new CUSIP is 24378A101 and the new ISIN number is CA24378A1012 [2] Marketing and Market-Making Arrangements - The company has entered into a marketing services agreement with Global One Media Group to enhance investor awareness and market liquidity, with an initial term of twelve months starting January 21, 2026 [4] - Global One Media will be compensated US$12,000 until February 28, 2026, and US$4,000 monthly thereafter [4] - A market-making services agreement has been established with Independent Trading Group, which will provide market-making services for a monthly fee of $6,000 [5] Strategic Focus - 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 [8] - Deep-sea resources are increasingly recognized as a significant, yet largely undeveloped, component of the global mineral supply [8] Engagement with Stakeholders - The company has begun early-stage engagement with select governments and regulatory stakeholders in the Pacific Ocean region to explore future initiatives [9]
Copperhead Announces Approval of Change of Business
Globenewswire· 2026-01-20 23:58
Core Viewpoint - Copperhead Resources Inc. is transitioning to focus on subsea critical mineral exploration and development, rebranding as Deep Sea Minerals Corp., with shareholder approval and Canadian Securities Exchange endorsement [1][2][4] Company Overview - Deep Sea Minerals Corp. is dedicated to exploring and developing deep-sea mineral assets to support the supply of critical minerals [8] - The company aims to identify jurisdictions with potential polymetallic nodule systems, which are important for various industries including defense and clean energy [9] Strategic Context - The company's strategic focus aligns with U.S. government policies aimed at securing access to critical minerals, highlighted by an Executive Order from President Trump to accelerate deep-sea mineral resource development [5][6] - Recent proclamations emphasize the importance of addressing national security concerns related to imports of processed critical minerals [6] Market Positioning - The company believes that early and responsible engagement in the deep-sea minerals sector will allow it to participate constructively in global resource development [7] - The deep seabed is increasingly recognized as a strategic resource amid growing supply-chain constraints for critical minerals essential for defense and advanced technologies [4][7] Corporate Actions - A corporate rebranding has been completed, and a new website has been launched to provide stakeholders with insights into the company's strategic direction [3] - The name change to Deep Sea Minerals Corp. is expected to take effect around January 26, 2026, with shares trading under the symbol "SEAS" [2]
Copperhead Announces Proposed Change of Business and Working Capital Loan
Globenewswire· 2026-01-19 22:38
Core Viewpoint - Copperhead Resources Inc. is shifting its focus to subsea critical mineral exploration and development, pending approval from the Canadian Securities Exchange and shareholders, and plans to change its name to "Deep Sea Minerals Corp." [1][5] Company Overview - Copperhead Resources Inc. is currently engaged in acquiring and exploring mineral resource properties, focusing on critical elements and precious metals. The company holds an option to acquire a 100% interest in the Twilite Gold Project located in the Central Newfoundland Gold Belt [7]. Change of Business - The company intends to enter the subsea mineral exploration and development sector, which is in the license acquisition, exploration, and evaluation stage. This includes identifying geological settings, conducting analyses, and engaging with authorities for exploration rights [2][4]. - The company has begun a structured internal assessment to identify priority jurisdictions for deep-sea mineral exploration and has initiated early-stage engagement with select host governments in the Pacific Ocean region [3]. Strategic Rationale - The shift to subsea critical minerals is aligned with U.S. national security, energy transition, and supply-chain independence priorities. The company cites increased limitations on terrestrial mining and significant demand growth for critical minerals as key factors for this strategic pivot [4]. Financial Update - The company has entered into a loan agreement for an unsecured loan of $50,000, which bears no interest until April 16, 2027. After this date, any outstanding amount will incur a simple interest of 5% per annum [6]. Future Plans - Subject to necessary approvals and raising at least $1,000,000 within 90 days, the company plans to dispose of its interest in the Twilite Gold Project to focus on subsea mineral exploration and development [7].