Copperhead Announces Proposed Change of Business and Working Capital Loan

Executive Summary

• Copperhead Resources Inc. seeks CSE and shareholder approval to shift its focus to subsea critical mineral exploration and development and to rename the company “Deep Sea Minerals Corp.” (ticker “SEAS”).
• The company has entered into an unsecured $50,000 loan with a 0% interest rate until April 16 2027; thereafter, any outstanding amount will bear simple interest at 5% per annum.
• Subject to approval and raising at least $1 million within 90 days, Copperhead intends to dispose of its option on the Twilite Gold Project to fund the new subsea business.

Key Details

• Business Refocus: Proposed “Change of Business” to focus exclusively on subsea critical mineral exploration and development (license acquisition, desktop geological/geophysical analysis, target selection, government engagement, non‑intrusive surveys).
• Name Change: Planned rename to Deep Sea Minerals Corp.; post‑change common shares to trade on the CSE under symbol “SEAS.”
• Approvals Required: Written consent from a majority of shareholders and final approval by the Canadian Securities Exchange (CSE).
• Financing – Loan Agreement:
• Lender: arm’s‑length third party (identified as “Lender”).
• Principal amount: $50,000 unsecured loan.
• Interest: 0% until April 16 2027 (Maturity Date).
• Post‑maturity interest: simple interest at 5% per annum, accrued monthly on the outstanding principal.
• Funding Condition for Business Shift: Must raise a minimum of $1,000,000 within 90 days of the release date to proceed with the Change of Business and Name Change.
• Disposition of Existing Asset: Upon approval and successful financing, Copperhead will dispose of its option to acquire the Twilite Gold Project (100% interest) located in the Central Newfoundland Gold Belt.
• Regulatory Filings: Details are set out in the Company’s CSE Form 2A Listing Statement, available on SEDAR+.

Notable Quotes

“We are refocusing our business on the subsea critical minerals sector in support of U.S. national security, energy transition, and supply‑chain independence priorities. Increased terrestrial mining limitations, coupled with significant critical minerals demand growth, make this an ideal point to enter this sector,” – James Deckelman, Chief Executive Officer

Materiality Assessment: Material – Positive (strategic pivot to a high‑growth sector and related financing constitute a material development for shareholders).