Key points
- Deep Sea Minerals (CSE: SEAS) filed a Form F-10 registration statement with the U.S. SEC and is becoming a U.S. reporting company.
- The filing uses the Canada-U.S. multijurisdictional disclosure system (MJDS), which lets eligible Canadian issuers register in the U.S. using Canadian-style disclosure.
- It ties to the company’s previously announced C$50 million short form base shelf prospectus.
Vancouver, British Columbia, Aug. 04, 2026 (GLOBE NEWSWIRE) — Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) (“Deep Sea Minerals” or the “Company”), a seabed mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is pleased to announce that it has filed a registration statement on Form F-10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”).
The Registration Statement was filed under the multijurisdictional disclosure system established between Canada and the United States (“MJDS”) in connection with the Company’s previously announced C$50 million short form base shelf prospectus. MJDS permits eligible Canadian issuers to register securities in the United States using disclosure documents prepared principally in accordance with Canadian securities requirements.
In connection with the Registration Statement, the Company has re-filed its audited annual financial statements for the years ended December 31, 2025, and 2024, and related management’s discussion and analysis. The re-filed annual financial statements have been audited by an independent public accounting firm registered with the Public Company Accounting Oversight Board (United States), as required for U.S. securities law purposes under section 102 of the Sarbanes-Oxley Act of 2002. The annual financial statements have also been updated to give retroactive effect to the two-for-one share split completed on May 26, 2026, and the subsequent events disclosure has been updated through July 30, 2026. These amendments do not change the previously reported assets, liabilities, net loss or cash flows for the years ended December 31, 2025, and 2024.
Upon effectiveness of the Registration Statement, the Company became subject to certain ongoing reporting obligations under the United States Securities Exchange Act of 1934, as amended, as a foreign private issuer.
No securities are being offered or sold pursuant to this news release. Any future offering under the Registration Statement and the Company’s Canadian base shelf prospectus would be made pursuant to a prospectus supplement setting out the specific terms of the offering.
The Registration Statement is available through the SEC’s Electronic Data Gathering, Analysis and Retrieval System, commonly known as EDGAR. The Company’s Canadian base shelf prospectus and related documents are available under the Company’s issuer profile on SEDAR+. Copies may also be obtained from the Company at Suite 1600 – 409 Granville Street, Vancouver, British Columbia, Canada, V6C 1T2, Attn: Steven Nguyen, Chief Financial Officer.
ABOUT DEEP SEA MINERALS CORP.
Deep Sea Minerals Corp. is a seabed 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 selected governments and regulatory bodies in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national, and environmental frameworks.
