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Deep Sea Minerals ($SEAS | $DSEAF): Advancing Seabed Critical Mineral Exploration

Nordic Funds May 19, 2026

Summary

Deep Sea Minerals targets polymetallic nodules — potato-sized seafloor rocks rich in nickel, copper, cobalt and manganese — in the Clarion-Clipperton Zone and Cook Islands.

US policy shifts, including direct government stakes in critical minerals companies, are channeling regulatory support and funding toward seabed mining.

The AOMC-Odyssey Marine reverse merger values a comparable pre-revenue seabed miner at $1 billion, far above Deep Sea Minerals' ~$45 million equity value.

Management seeks non-dilutive funding — money that avoids share dilution — via EXIM Bank and defense programs, plus a planned NASDAQ uplisting.

This is a compensated promotional interview; the company is pre-revenue and no commercial recovery permits have been awarded anywhere in the world.

James Deckelman's takeaways

  • Top takeaway He argues the AOMC-Odyssey Marine merger at a $1 billion pro forma valuation — a peer at the same stage and in the same jurisdictions — makes a billion-dollar market cap for Deep Sea Minerals 'very much a probability.'
  • His core pitch is second-mover advantage: build on the foundation laid by The Metals Company and offer cheaper public-market access to seabed minerals with a tight capital structure and no debt.
  • He argues US government support for critical minerals is unprecedented in his career, citing Executive Order 14285, the $12 billion Project Vault reserve, and direct equity stakes in producers, now extending to seabed mining.
  • He expects commercial recovery of polymetallic nodules for the first time in the industry's history very soon, with a CCZ license award in early 2027 and first Cook Islands operations possibly in Q2 2027.
  • He frames demand as a surge from US defense, AI and cloud computing — citing about 50,000 tons of copper per new data center and over $3 trillion of planned data center investment — meeting constrained onshore supply.

Billy Infjall's takeaways

  • Top takeaway As host, he steers the interview through government funding tailwinds, the AOMC-Odyssey merger signal, and partnerships, and repeatedly endorses the sector's momentum.
  • He sums up the standout positives for investors as government tailwinds, a debt-free balance sheet, and seabed mining's lower environmental impact.