DEEP SEA MINERALS CORP. SUBMITS APPLICATION TO NOAA UNDER DEEP SEABED HARD MINERAL RESOURCES ACT

Executive Summary

• Deep Sea Minerals Corp. submitted an application to NOAA for a U.S. exploration license to harvest polymetallic nodules in the Clarion‑Clipperton Zone.
• The application includes technical, environmental and operational data, outlining a phased exploration program with associated expenditures.
• Approval of the license would enable the Company to commence deep‑sea mineral exploration activities subject to regulatory conditions.

Key Details

• Application submitted through U.S. subsidiary American Ocean Minerals Corp. under the Deep Seabed Hard Mineral Resources Act (DSHMRA).
• Requested license covers a defined area of the Clarion‑Clipperton Zone in the Pacific Ocean for polymetallic nodule exploration.
• Submission package contains baseline environmental data, proposed monitoring and mitigation measures, and a description of planned exploration activities with cost estimates.
• The program is staged: initial data collection and environmental assessment precede any future operational work.
• NOAA will review the application for completeness and compliance; the process includes public comment periods and inter‑agency consultation.
• CEO James Deckelman emphasized that the filing represents an “initial step” in the regulatory pathway and outlined a phased approach aligned with NOAA requirements.

Notable Quotes

“This submission represents an initial step in the regulatory process under DSHMRA,” said James Deckelman, Chief Executive Officer of Deep Sea Minerals Corp. “We have structured the application to align with NOAA’s requirements and to outline a phased approach that includes environmental data collection and ongoing evaluation.”