Closing of Private Placement
Deep Sea Minerals Corp. Announces Closing of Oversubscribed
$4.22 Million Private Placement
Vancouver, BC, February 6, 2026 – Deep Sea Minerals Corp . (CSE: SEAS ) (OTCPK:
DSEAF) (FSE: X45) ("Deep Sea" or the "Company") a subsea mineral exploration and
development company focused on advancing critical mineral opportunities from the deep ocean,
is pleased to announce, further to its news release dated January 21, 2026, that the Company has
closed the previously announced non-brokered private placement of common shares in the capital
of the Company (the “Shares”) by the issuance of 10,550,425 Shares at $0.40 per Share for gross
proceeds of $4,220,170 (the “Offering”).
In connection with the Offering, the Company paid finder’s fees to eligible finders consisting
of $95,620 in cash and 239,050 common share purchase warrants (the “Finder’s Warrants”).
Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of $0.40 for a period
of 24 months from the date of issuance.
All securities issued in connection with the Offering are subject to a statutory hold period of four
months plus a day ending on June 7, 2026, in accordance with applicable securities legislation and
policies of the Canadian Securities Exchange (“CSE”)
The Company intends to use the net proceeds from the Offering to complete certain business
objectives, as more particularly described under the heading “Business Objectives and Milestones”
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), for marketing and
for general working capital purposes.
“We are extremely pleased with the results of the initial private placement. The offering was
significantly oversubscribed, validating the potential of the critical minerals sector and how we
have positioned Deep Sea Minerals Corp. in this space. The momentum we are seeing in the sector
is unprecedented; the private placement outcome is clear testament to that.” said James Deckelman,
Chief Executive Officer of Deep Sea Minerals Corp.
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 manufactu ring, 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 ed
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.
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.
SOCIAL MEDIA
Website: https://www.deepseamineralscorp.com
Facebook: https://www.facebook.com/deepseacorp/
Instagram: https://www.instagram.com/deepseacorp
X: https://x.com/deepseacorp
LinkedIn: https://www.linkedin.com/company/deepseacorp
Youtube: https://www.youtube.com/@deepseacorp
ON BEHALF OF THE BOARD
“James A. Deckelman”
James A. Deckelman, Chief Executive Officer
For further information, please contact:
James A. Deckelman
Chief Executive Officer
Phone: 1-281-467-1279
Email: [email protected]
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of
this release and has neither approved nor disapproved the contents of this press release.
Forward-Looking Statements
This news release includes "forward -looking information" that is subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control of the Company.
Forward-looking statements may include but are not limited to the use of proceeds and available
funds following the completion of the Offering and are subject to all of the risks and uncertainties
normally incident to such events. Investors are cautioned that any such statements are not
guarantees of future events and that actual e vents or developments may differ materially from
those projected in the forward- looking statements. Such forward- looking statements represent
management's best judgment based on information currently available. No securities regulatory
authority has either approved or disapproved of the contents of this news release. The Company
undertakes no obligation to update publicly or otherwise revise any forward- looking statements,
except as may be required by law.