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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].
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].