Copperhead to raise $4-million, change name to Deep Sea

Executive Summary

• Copperhead Resources Inc. (renaming to Deep Sea Minerals Corp.) announced a non-brokered private placement of up to 10 million shares at $0.40 per share, raising up to $4.0 million in gross proceeds.
• The financing is intended to accelerate the company's entry into the deep-sea critical minerals sector, specifically to repay existing loans and fund general working capital for acquiring subsea mineral rights and pursuing strategic initiatives.
• The company is undergoing a corporate rebrand to Deep Sea Minerals Corp., with a name change expected to be effective around January 26, 2026, trading under the symbol SEAS on the Canadian Securities Exchange.

Key Details

• Financing Structure: Non-brokered private placement of up to 10 million shares.
• Price: $0.40 per share.
• Gross Proceeds: Up to $4,000,000.
• Closing Date: Expected on or before February 6, 2026; may close in one or more tranches.
• Use of Proceeds: Repayment of loan (as defined in CSE Form 2A listing statement dated Jan. 19, 2026) and general working capital purposes.
• Finder’s Fees: Up to 7.0% of gross proceeds paid to eligible finders who directly introduce subscribers.
• Finder’s Warrants: Non-transferable warrants issued to eligible finders equal to 7.0% of the number of shares sold. Each warrant entitles the holder to acquire one share at $0.40 per share for 24 months from issuance.
• Statutory Hold: All securities subject to a statutory hold period of four months plus one day from issuance.
• Conditions: Closing is subject to corporate and regulatory approvals, including acceptance by the Canadian Securities Exchange (CSE). No minimum aggregate subscription amount required.
• Corporate Rebrand: Company intends to rename from Copperhead Resources Inc. to Deep Sea Minerals Corp.
• Ticker Symbol: Common shares expected to trade under symbol "SEAS" on the CSE.
• Strategic Focus: Acquisition, exploration, and development of deep-sea mineral assets, specifically polymetallic nodule systems relevant to defense, clean energy, and AI supply chains.
• Regulatory Engagement: Early-stage engagement with governments and regulatory stakeholders in the Pacific Ocean region to assess pathways for exploration initiatives.
• Policy Context: Alignment with U.S. executive orders and proclamations (Jan 14, 2026) directed at securing critical mineral supply chains and reducing reliance on foreign-controlled sources.

Notable Quotes

• "This private placement will enable Deep Sea to accelerate early-stage value capture and to deliver on its growth objectives. It will secure the working capital required to apply for subsea mineral rights in priority jurisdictions and to aggressively pursue other strategic initiatives." — James Deckelman, Chief Executive Officer of Deep Sea.