From Financialpost · · 1m 10s
U.S. Treasury Recognizes Deep Sea Mining in Critical Minerals Policy
U.S. Treasury acknowledges deep sea mining potential as critical minerals policy evolves.
In brief
U.S. Treasury acknowledges deep sea mining potential as critical minerals policy evolves. U.S. Treasury Secretary Scott Bessent recognized deep sea mining's role in critical minerals supply, prompting Deep Sea Minerals Corp. to advance exploration under U.S. regulations. Originally reported by Financialpost.
U.S. Treasury Recognition
U.S. Treasury Secretary Scott Bessent recognized deep sea mining in critical minerals policy on October 14, 2026.
“This includes deep sea mining, where the Bank can play a catalytic role by providing knowledge and guidance in a nascent sector.”
Company Response
Deep Sea Minerals CEO James Deckelman highlighted the statement's relevance to their exploration strategy in U.S. and Cook Islands.
U.S. Policy Focus
The Treasury statement emphasizes regulatory reform, infrastructure, local processing capacity and project financing for critical minerals.
Exploration Strategy
Deep Sea Minerals pursues polymetallic nodule resources in the Clarion-Clipperton Zone covering 147,368 km 2.
Cook Islands Opportunity
The Company evaluates potential exploration opportunities in the Cook Islands under U.S. regulatory framework.
Investor Relations Update
Deep Sea Minerals extends investor relations agreement with Capital Gain Media until January 14, 2027.
Marketing Budget
The Company pays Capital Gain Media US$100,000 upfront for marketing services through January 14, 2027.
The takeaway
U.S. Treasury Secretary Scott Bessent recognized deep sea mining's role in critical minerals supply, prompting Deep Sea Minerals Corp. to advance exploration under U.S. regulations.
