Northwire Canada EditionMonday, November 9, 2026
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Gold 4,133.90 +1.4% Silver 52.91 +1.9% Copper 6.34 +1.7% Oil 87.82 −3.3% Palladium 1,023.00 −9.3% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.36 +10.3% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.040 +0.0% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.170 +13.3% BNKR 2.80 +6.9% TECT 1.67 +9.9% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% Gold 4,133.90 +1.4% Silver 52.91 +1.9% Copper 6.34 +1.7% Oil 87.82 −3.3% Palladium 1,023.00 −9.3% PX 0.140 −3.5% IVS 0.250 +2.0% SCD 0.150 +3.5% UCU 2.36 +10.3% KAPA 0.105 +0.0% AFM 1.28 +5.3% BONE 0.040 +0.0% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.170 +13.3% BNKR 2.80 +6.9% TECT 1.67 +9.9% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3%
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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