Deep Sea Minerals
Deep Sea Minerals Corp. is a British Columbia company pursuing polymetallic nodule exploration rights in the Clarion-Clipperton Zone through the United States regulator and, separately, in the Cook Islands. It holds no mineral rights today. Its National Oceanic and Atmospheric Administration (NOAA) application is under review, and no Cook Islands application has been filed.
News and articles
Overview
- Incorporated in British Columbia on 17 February 2022 as Copperhead Resources Inc. Renamed Deep Sea Minerals Corp. on 26 January 2026.
- Head office in Vancouver. Subsidiaries: American Deep Sea Minerals Corp. in the United States and Deep Sea Minerals (Cook Islands) Limited.
- Listed on the Canadian Securities Exchange, and quoted on the OTCQB and the Frankfurt exchange.
- The company does not own subsea mining technology or specialised marine assets, and says it does not currently intend to.
- It has published no mineral resource estimate. Nodule figures in its materials are third-party regional estimates.
Applications
| Area | Regime | Size | Status |
|---|---|---|---|
| Clarion-Clipperton Zone | United States, DSHMRA, administered by NOAA | ~147,430 km² as filed | Application submitted 23 March 2026 and amended 18 April 2026. NOAA determined substantial compliance on 26 May 2026, announced 1 June. A final amended application followed on 17 July 2026. The company expects a full compliance determination within 30 to 90 days. |
| Cook Islands exclusive economic zone | Cook Islands Seabed Minerals Authority | Not yet defined | A subsidiary is incorporated but no application has been filed. The authority is not accepting applications until a new parliament designates blocks. The company expects to apply between Q3 2026 and Q1 2027. |
| United States exclusive economic zone, American Samoa | United States | Not defined | Under evaluation only. |
- Substantial compliance is a procedural finding that an application is complete enough to review. It is not a license, and the company said so in its 27 July 2026 clarification.
- Deep Sea Minerals holds no International Seabed Authority contract.
- Its own presentation describes a planned split of roughly 60% NOAA areas, 30% Cook Islands and 10% American Samoa.
Presentations
Meeting materials (3 documents)
| Year | Document |
|---|---|
| 2026 | Management information circular (PDF) |
| 2026 | Form of proxy (PDF) |
| 2026 | Voting instruction form (PDF) |
Ownership
- No shareholder held >10% of the company as at 22 June 2026, per its management information circular.
- All four directors held nil common shares at that date, and the incentives they hold are options and units rather than stock.
- Geoff Balderson holds 200,000 options at C$0.495 to 11 February 2031, and Anthony Zelen holds 200,000 restricted share units to 15 April 2029.
- Chief executive James Deckelman holds 400,000 restricted share units and 500,000 options under his consulting agreement, with up to 500,000 further performance units tied to securing a deep sea concession, harvesting technology partnerships and US government support.
- Share, option and unit figures reflect the 2-for-1 split completed on 26 May 2026.
Directors and officers hold 0 common shares between them as at 24 August 2026, 0.00% of the 47,800,000 outstanding. Their incentives are options and units rather than stock.
Insider filings
No current director or officer has reported a purchase or sale in the past year. The filings on record for them are opening balances and incentive grants, and the positions those produce are in the ownership table.
Reported position by insider
| Insider | Position | Common shares held | % of shares out | As reported on |
|---|---|---|---|---|
| Balderson, Geoffrey | Director | 0 | 0.00 | not filed |
| Deckelman, James | Chief executive officer | 0 | 0.00 | not filed |
| Nguyen, Thanh Tan Steven | CFO, corporate secretary and director | 0 | 0.00 | not filed |
| Zelen, Anthony | Director | 0 | 0.00 | 15 Apr 2026 |
| Perez, Jeremy | Director | 0 | 0.00 | not filed |
Every current director and officer on the SEDI register as at 24 August 2026, on their most recent filed balance. Non-derivative common shares only, so options, warrants and rights are excluded, and a director whose holding is entirely options shows nil. People who have ceased to be insiders are excluded, as are records left open by former insiders who never filed a notice of ceasing. Balances filed before the 2:1 share split of 26 May 2026 are restated to current shares.
Filing archive
Deep Sea Minerals reports in Canada on SEDAR+ and, since 31 July 2026, with the United States Securities and Exchange Commission under the multijurisdictional disclosure system. Every document is hosted here.