Northwire Canada EditionTuesday, July 28, 2026
Northwire
LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results

Deep Sea applies for licence at Clarion-Clipperton

SEAS · Price

Executive Summary

  • Deep Sea Minerals Corp. has submitted an application to the U.S. National Oceanic and Atmospheric Administration (NOAA) for an exploration license for polymetallic nodules in the Clarion-Clipperton zone of the Pacific Ocean.
  • The application, filed via U.S. subsidiary American Ocean Minerals Corp., includes technical, environmental, and operational data required under the Deep Seabed Hard Mineral Resources Act (DSHMRA).
  • The submission outlines a phased approach involving baseline environmental data collection, proposed monitoring/mitigation measures, and planned exploration activities with associated expenditures.

Key Details

  • Regulatory Action: Submission of an application to NOAA for an exploration license under the Deep Seabed Hard Mineral Resources Act.
  • Target Asset: Polymetallic nodules located in a defined area of the Clarion-Clipperton zone in the Pacific Ocean.
  • Applicant: Deep Sea Minerals Corp., submitted through its U.S. subsidiary, American Ocean Minerals Corp.
  • Application Contents:
    • Baseline environmental data.
    • Proposed monitoring and mitigation measures.
    • Description of planned exploration activities.
    • Associated expenditures for the exploration program.
  • Strategic Context: The company is focusing on critical minerals relevant to defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and AI-related supply chains.
  • Next Steps: NOAA will review the application for completeness and compliance; the process includes opportunities for public comment and interagency consultation.
  • Company Strategy: Early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to assess pathways for future exploration initiatives.

Notable Quotes

  • "This submission represents an initial step in the regulatory process under DSHMRA. 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. We look forward to NOAA's review and to engaging as part of that process." — James Deckelman, Chief Executive Officer
Read the original news release →

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