Deep Sea Mining

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AOMC, Odyssey merge to build $1B deep-sea miner​

American Ocean Minerals Corp. is merging with Odyssey Marine Exploration (NASDAQ: OMEX) in a reverse takeover that will create a roughly $1 billion deep-sea mining company.
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The all-stock transaction includes more than $150 million in private placement financing from institutional and strategic investors, alongside a $75 million pre-public raise completed in February by American Ocean Minerals.

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Deep-sea mining heats up as new player challenges early mover advantage​

A newly rebranded Canadian-listed company is moving to stake its claim in the emerging deep-sea mining sector, positioning itself to explore vast stretches of the Pacific Ocean as global demand for critical minerals accelerates.
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Deep Sea Minerals (CNSX: SEAS), after pivoting from its former identity as Copperhead Resources, is targeting exploration licenses in the Clarion-Clipperton Zone (CCZ) and the Cook Islands’ exclusive economic zone.

The company, which in February secured an initial oversubscribed $4.22 million private placement, recently submitted an application to the US National Oceanic and Atmospheric Administration (NOAA) pursuant to the Deep Seabed Hard Mineral Resources Act (DSHMRA).

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