Vancouver, British Columbia, July 30, 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 final short form base shelf prospectus dated July 28, 2026 (the “Shelf Prospectus”) and has received a final receipt for the Shelf Prospectus from the applicable Canadian securities regulatory authorities.
The Shelf Prospectus, together with any prospectus supplement(s) thereto, qualifies the distribution by the Company, from time to time during the 25-month period that the Shelf Prospectus remains effective, of common shares, warrants, subscription receipts, units, common shares represented by depositary shares, including American depositary shares, and debt securities, or any combination thereof, having an aggregate offering price of up to C$50 million, or the equivalent thereof in other currencies, including United States dollars, in the provinces and territories of Canada, except Nova Scotia.
The filing of the Shelf Prospectus and receipt of the final receipt represent an important milestone in the Company’s broader North American capital markets strategy, including its previously announced application to list its common shares on the Nasdaq Capital Market. The Company believes that the Shelf Prospectus provides increased financial flexibility as it continues to advance its planned Nasdaq uplisting, expand its visibility among U.S. institutional and retail investors and position itself to access deeper and more diversified capital markets.
“Receiving the final receipt for our C$50 million Shelf Prospectus is an important milestone for Deep Sea Minerals and our broader capital-market strategy,” said James Deckelman, Chief Executive Officer of Deep Sea Minerals. “This represents another significant step in support of our planned Nasdaq uplisting and provides the Company with greater financial flexibility as we work to expand our visibility, broaden our potential investor base, and advance our subsea mineral exploration and development objectives.”
Unless otherwise specified in an applicable prospectus supplement, the Company currently intends to use the net proceeds from any offering under the Shelf Prospectus to advance applications for subsea mineral rights, advance its operational readiness for subsea mineral exploration, and for working capital and general corporate purposes.
The filing of the Shelf Prospectus does not obligate the Company to undertake an offering, and no securities are being offered at this time. The securities, amounts, prices, and other terms of any future offering under the Shelf Prospectus, together with the proposed use of proceeds, will be established in a prospectus supplement filed in connection with such offering.
The proposed listing of the Company’s common shares on the Nasdaq Capital Market remains subject to the satisfaction of Nasdaq’s listing requirements, receipt of all required regulatory approvals, and completion of customary listing processes. There can be no assurance that the Company’s Nasdaq listing application will be approved or that a listing on the Nasdaq Capital Market will be completed.
Copies of the Shelf Prospectus and the final receipt are available under the Company’s profile on SEDAR+ at http://www.sedarplus.ca/.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities, not will there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offering of securities under the Shelf Prospectus will be made only pursuant to an applicable prospectus supplement and in accordance with applicable securities law.