The US government announced approximately $3 billion in financing commitments for critical minerals and battery projects, together with more than $180 million for mining education and workforce development. During his remarks, President Trump stated that his administration had “authorized deep-sea mining to unlock vast untapped resources off our coast.” Later in the roundtable, a participant presented the President with a gold replica of a deep-sea polymetallic nodule and described the potential role of seabed minerals in US industrial, technological, and defense supply chains. The Company believes the discussion reflects growing policy recognition of offshore mineral resources as one potential component of a diversified and secure US critical-minerals strategy.
“Deep sea minerals have moved firmly into the national conversation about economic security, defense readiness, and American industrial capacity,” said James Deckelman, Chief Executive Officer of Deep Sea Minerals Corp. “The attention given to deep sea mining at the American Mining Roundtable reinforces the importance of evaluating these resources through a transparent, science-led and responsible regulatory process. Deep Sea Minerals is working to build a disciplined platform aligned with US critical-minerals priorities while maintaining a strong commitment to environmental stewardship and regulatory compliance.”
Deep Sea Minerals Corp. continues to advance the regulatory, technical, and environmental workstreams associated with its offshore critical mineral strategy. As previously disclosed, the Company submitted an exploration license application to the US National Oceanic and Atmospheric Administration (NOAA) under the Deep Seabed Hard Mineral Resources Act of 1980 and received a substantial compliance determination in connection with that application. No exploration license has been awarded; the application remains subject to applicable regulatory review and approval, and the Company has not made a production decision.
The Company believes that any future development of deep-sea mineral resources should proceed within rigorous environmental and regulatory frameworks, supported by scientific research, stakeholder engagement, and transparent oversight.