Northwire Canada EditionSunday, August 16, 2026
Northwire
ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
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DEEP SEA MINERALS CORP. JOINS U.S. DEFENSE INDUSTRIAL BASE CONSORTIUM

SEAS · Price

Executive Summary

  • Deep Sea Minerals Corp.’s application to join the U.S. Defense Industrial Base Consortium (DIBC) was approved, providing a strategic foothold with the U.S. Department of War and access to non‑dilutive financing for defense‑related projects.
  • The Company entered into a four‑month marketing services agreement with Capital Gain Media Inc., paying US $400,000 for promotional support.

Key Details

  • DIBC Membership Approval – Acceptance by the Defense Industrial Base Consortium, managed by Advanced Technology International on behalf of the U.S. Department of War, is announced as a “key milestone” toward advancing the Company’s strategic initiatives in critical mineral supply for defense applications.
  • Strategic Significance – Membership positions Deep Sea Minerals to collaborate with the U.S. Government, potentially facilitating on‑shoring of domestic production capabilities for critical metals essential to defense, clean energy, advanced electronics, and AI supply chains.
  • Marketing Services Agreement – The Company signed a marketing agreement with Capital Gain Media Inc. (CGM) effective 23 Feb 2026 for a term of four months.
    • Compensation: US $400,000 payable to CGM.
    • CGM’s principal contact: Graham Colmer ([email protected]).
  • CEO Quote – “We are excited to have been accepted by DIBC and see obtaining our membership as a key milestone in our path to advancing our Company’s strategic initiatives.” – James Deckelman, CEO.

Notable Quotes

“We believe that our strategy and focus on supplying critical minerals through the responsible development of subsea mineral assets represents a strong opportunity for the DoW to quickly onshore domestic production capabilities of this critical metal, and we look forward to advancing these initiatives in partnership with the U.S.” – James Deckelman, CEO


Materiality Assessment: Material – Positive (the DIBC approval could materially affect future financing opportunities, strategic partnerships, and market perception).

Read the original news release →

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