en.Wedoany.com Reported - Deep Sea Minerals Corp. (CSE: SEAS), a Vancouver-based submarine mineral exploration and development company, officially filed an application with the Nasdaq Capital Market on May 29, 2026, seeking to transfer its common shares from the Canadian Securities Exchange to Nasdaq. The company believes that, if approved, a U.S. exchange listing will supplement its existing listing on the Canadian Securities Exchange, helping to expand its reach among U.S. institutional and retail investors and enhance shareholder liquidity.
Deep Sea Minerals Corp. is a company focused on the acquisition, exploration, and development of deep-sea mineral assets. Founded in January 2026 (formerly Copperhead Resources Inc.), it was renamed and began trading under the ticker "SEAS" on the Canadian Securities Exchange on January 26 of the same year. The company focuses on identifying jurisdictions and geological environments with potential for polymetallic nodule systems, which contain metal combinations strategically important for defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence supply chains. According to the company's corporate update, as of March 2026, it raised approximately CAD 4.22 million in gross proceeds from an oversubscribed non-brokered private placement.
In terms of resource positioning, Deep Sea Minerals focuses on the Clarion-Clipperton Zone in the Pacific Ocean and the exclusive economic zone of the Cook Islands. According to estimates from the U.S. Geological Survey, the seabed of the Clarion-Clipperton Zone contains at least 21 billion tonnes of polymetallic nodules rich in nickel, cobalt, copper, and manganese. Meanwhile, a U.S. Congressional Research Service report estimates that the waters of the Cook Islands contain approximately 6.7 billion tonnes of nodule resources. On the announcement date of May 29, 2026, the company's stock price rose to a historic high of CAD 1.79, with a current market capitalization slightly exceeding CAD 80 million (approximately USD 58 million).
Currently, Deep Sea Minerals has no active production projects. The company disclosed that it is in the early engagement stage, conducting preliminary communications with certain Pacific governments and regulatory bodies to assess feasible pathways for future exploration. In the announcement, CEO James Deckelman stated that the Nasdaq listing application is a significant step in the company's long-term growth strategy, expected to enhance its visibility in the global investment community and broaden access to both institutional and retail investors. If approved, the company would become the third deep-sea mineral exploration company to list on Nasdaq, following The Metals Company (Nasdaq: TMC) and Odyssey Marine Exploration (Nasdaq: OMEX), further energizing the deep-sea mineral sector on the exchange.
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