Deep Sea Minerals changes name from Copperhead

Executive Summary

• Deep Sea Minerals Corp. has officially completed its name change to "Deep Sea Minerals Corp." (formerly Deep Seas) and its common shares began trading on the Canadian Securities Exchange (CSE) under the new symbol "SEAS" effective today.
• The company is pivoting its strategic focus toward deep-sea critical minerals exploration, aligning with U.S. national security priorities and the energy transition.
• The update highlights favorable shifts in U.S. government policy, including the acceleration of underwater mining licensing and a new NOAA hydrographic survey off American Samoa, which the company views as a strategic opportunity for future exploration.

Key Details

• Name Change & Trading:
  • New Company Name: Deep Sea Minerals Corp.
  • New Stock Symbol: SEAS (Canadian Securities Exchange).
  • New CUSIP: 24378A 10 1.
  • New ISIN: CA 24378A 10 1 2.
  • Trading commenced on the date of the release.
• Strategic Focus:
  • Core focus is on establishing a leading position in deep-sea critical minerals exploration.
  • Alignment with U.S. national security priorities, clean energy systems, advanced manufacturing, and next-generation batteries.
  • Strategy centers on identifying polymetallic nodule systems relevant to defense, industrial manufacturing, and AI supply chains.
• U.S. Policy & Regulatory Updates:
  • Jan 21, 2026: U.S. government announced efforts to accelerate exploration licensing and commercial recovery permitting for U.S. underwater mining companies.
  • Executive Order 14285 (April 2025): Directed NOAA to expedite mining permits under the Deep Seabed Hard Minerals Resource Act of 1980 and establish a process for issuing permits along the U.S. Outer Continental Shelf.
  • Consolidated Framework: A new consolidated framework for exploration license and commercial recovery permit applications is now in effect.
  • NOAA Survey: On Jan 22, 2026, NOAA announced a 30,000-plus-square-nautical-mile hydrographic survey of waters off American Samoa, expected to begin in February 2026. This is part of the U.S. offshore critical minerals mapping plan.
• Future Plans:
  • Company is assessing potential pathways for future exploration initiatives in the United States.
  • Early-stage engagement has commenced with selected governments and regulatory bodies in the Pacific Ocean region to assess exploration pathways.
  • Seeking to develop a framework for capital deployment to enhance shareholder value.

Notable Quotes

• "The change of company direction positions our shareholders in an emerging sector with significant asymmetric value potential," said James Deckelman, chief executive officer of Deep Seas. "This repositioning closely aligns our business with U.S. supply chain independence and national security imperatives."