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Deep Sea Minerals Announces Proposed U.S. Listing and Public Offering

DSEAF
  • Deep Sea Minerals Corp. filed a preliminary prospectus supplement to its July 28, 2026 base shelf prospectus for a proposed public offering of ADSs & ADS Warrants.
  • The company aims to list ADSs on a U.S. national securities exchange, where each ADS represents 12 common shares.
  • Maxim Group LLC serves as the sole book-running manager for the offering.
  • The supplement was filed with Canadian securities authorities in all provinces & territories except Nova Scotia & with the U.S. SEC via Form F-10.
  • Net proceeds will fund exploration rights in the Clarion-Clipperton Fracture Zone & Cook Islands Exclusive Economic Zones, pre-offshore work, U.S. listing compliance, & working capital.
  • Proceeds are insufficient to fund any offshore work program.
  • The underwriter has a 45-day option to purchase up to an additional 15% of ADSs &/or ADS Warrants.
  • No securities will be offered or sold to Canadian purchasers under this offering.
  • The offering is subject to customary closing conditions including approvals from the Canadian Securities Exchange & the relevant U.S. exchange.
  • Final terms will be disclosed in a final prospectus supplement filed with the SEC & on SEDAR+.