Deep Sea Minerals completes $4.22 million private placement

Deep Sea Minerals Corp. (CSE: SEAS) (OTCPK: DSEAF) (FSE: X45) announced the completion of its private placement, raising $4.22 million through the sale of 10,550,425 common shares at $0.40 per share. The subsea mineral exploration company stated the offering was oversubscribed.

The Vancouver-based company paid finder's fees of $95,620 in cash and issued 239,050 common share purchase warrants. Each warrant allows the holder to purchase one share at $0.40 for 24 months from the issuance date.

All securities from the offering are subject to a statutory hold period ending June 7, 2026, according to Canadian Securities Exchange policies and securities legislation.

Deep Sea Minerals plans to use the net proceeds for business objectives outlined in its January 19, 2026 listing statement, loan repayment, marketing, and general working capital purposes.

"The offering was significantly oversubscribed, validating the potential of the critical minerals sector and how we have positioned Deep Sea Minerals Corp. in this space," said Chief Executive Officer James Deckelman.

The company focuses on deep-sea mineral exploration and development, particularly polymetallic nodule systems that contain metals used in defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence supply chains. Deep Sea Minerals has begun early-stage discussions with Pacific Ocean region governments and regulatory bodies regarding potential exploration initiatives.

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