Vancouver, BC, Jan. 21, 2026 (GLOBE NEWSWIRE) — Copperhead Resources Inc. (to be renamed Deep Sea Minerals Corp.) (CSE: CUH) (OTCPK: CUHRF) (FSE: X45) (“Deep Sea” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 Shares at $0.40 per Share for aggregate gross proceeds of up to $4,000,000 (the “Offering”). The Offering is expected to close on or before February 6, 2026 and may close in one or more tranches.
In connection with the Offering, the Company will pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Shares to subscribers directly introduced to the Company by eligible finders. In addition, the Company will issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Shares sold in the Offering. Each finders’ warrant will entitle the holder to acquire one Share at a price of $0.40 per Share for a period of 24 months from the date of issuance, all in accordance with the policies of the Canadian Securities Exchange (“CSE”).
The gross proceeds from the issuance of the Shares will be used to complete certain business objectives, as more particularly described under the heading “Business Objectives and Milestones (12 Months) in the Company’s CSE Form 2A Listing Statement dated January 19, 2026 (the “Listing Statement”), a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca, repayment of the Loan (as defined in the Listing Statement) and for general working capital purposes.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including acceptance of the Offering by the CSE. The Offering is not subject to a minimum aggregate amount of subscriptions. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and CSE policies.
“This private placement will enable Deep Sea to accelerate early-stage value capture and to deliver on its growth objectives,” said James Deckelman, CEO of Deep Sea. “It will secure the working capital required to apply for subsea mineral rights in priority jurisdictions and to aggressively pursue other strategic initiatives.”
STRATEGIC OBJECTIVES & RARE ENTRY POINT INTO UNTAPPED RESOURCES
The Offering is intended to fund the Company’s initial execution phase as it advances its strategy to establish a foothold in the deep-sea critical minerals sector, one of the least developed, yet increasingly strategic, resource frontiers globally.
The Company will be focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets. The Company will seek to identify jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence-related supply chains.
As part of this process, the Company has commenced early-stage engagement with select governments and regulatory stakeholders in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national, and environmental frameworks.
With limited competition, scarce available licenses, and rising geopolitical urgency around mineral security, the Company believes there is a narrow window of opportunity to establish early-mover positioning in this emerging sector. The Company’s approach emphasizes technical and scientific rigor; environmental responsibility; regulatory coordination; and disciplined capital deployment.
ALIGNED WITH GLOBAL POLICY & NATIONAL SECURITY PRIORITIES
The Company’s strategic focus aligns with recent policy actions by the United States government emphasizing the importance of securing long-term access to critical minerals. In particular, an Executive Order issued by President Donald J. Trump directed U.S. federal agencies to accelerate the assessment and development of deep-sea mineral resources as part of a broader effort to reduce reliance on foreign-controlled supply chains for materials deemed essential to national defense, advanced manufacturing, and economic security.
This Executive Order was reinforced in a January 14, 2026 Trump Administration Proclamation directing the U.S. Commerce Secretary to pursue negotiation of agreements to address the threatened impairment of the national security with respect to imports of Processed Critical Minerals and Derivative Products (PCMDPs) from any country.
Together, these actions signal growing recognition that seabed mineral resources may represent a strategically important component of future critical-minerals supply, particularly for the United States and allied economies.
KEY CORPORATE CHANGES
Further to the Company’s strategic initiatives, Deep Sea has completed a corporate rebrand and launched a dedicated website at www.deepseamineralscorp.com, providing investors and stakeholders with an overview of the Company’s strategic direction, governance framework, and evolving focus within the deep-sea critical minerals sector.
Additionally, subject to final approval from the Canadian Securities Exchange regarding the Company’s name change, the Company expects the name change to be effective on or about January 26, 2026, at which time the common shares in the capital of the Company (the “Shares”) are expected to trade on the Canadian Securities Exchange under the symbol “SEAS”.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
ABOUT DEEP SEA MINERALS CORP.
Deep Sea Minerals Corp. is a subsea mineral exploration and development company focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets.
The Company’s strategy is centered on identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence-related supply chains. These seabed resources represent a largely undeveloped component of the global mineral supply base and are the subject of increasing policy, scientific, and regulatory attention worldwide.
As part of this process, the Company has commenced early-stage engagement with select governments and regulatory stakeholders in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national, and environmental frameworks.
For further information, please see the Listing Statement, a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
