en.Wedoany.com Reported - Deep Sea Minerals (DSM) plans to list on the Nasdaq exchange to attract more investors and advance its long-term growth strategy.

The Canadian company has submitted an application to Nasdaq. If approved, DSM will become the third seabed exploration company to list on Nasdaq, following The Metals Company (TMC) and Odyssey Marine Exploration (OME).

DSM stated that a Nasdaq listing supports its long-term capital market strategy, "namely to provide greater exposure to U.S. institutional and individual investors, expand the potential shareholder base, and improve long-term trading liquidity."

Company CEO James Deckelman noted in a press release, "We believe that listing on a U.S. exchange is an important step in DSM's long-term development strategy." He added, "A Nasdaq listing will enhance our visibility among global investors, broaden institutional and retail investment channels, and create greater returns for shareholders as we continue to advance our development strategy."

Currently, DSM does not have any active projects but will focus on acquiring seabed mining rights, targeting the Clarion–Clipperton Zone (CCZ) and the Cook Islands.

The CCZ, a Pacific seabed plain between Hawaii and Mexico covering approximately 4.5 million square kilometers, is one of the most studied deep-sea mineral zones. The region is believed to contain the world's largest deposits of polymetallic nodules, which, rich in nickel, cobalt, copper, and manganese, are potato-sized targets for mining companies. TMC is the most advanced player, with its exploration permit recently approved by the US National Oceanic & Atmospheric Administration (NOAA).

The US Geological Survey (USGS) estimates that the CCZ seabed, at depths of 3,500 to 6,000 meters, holds at least 21 billion tons of polymetallic nodules. TMC's license covers only a portion of this, estimated at 1 billion tons.

The Cook Islands' exclusive economic zone is also believed to contain abundant polymetallic nodules, with a U.S. congressional report estimating resources at 6.7 billion tons.

Currently, DSM is in early-stage discussions with some Pacific governments and regulatory bodies regarding possible approaches to evaluating its exploration initiatives.

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