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Vancouver, BC, March 20, 2026 (GLOBE NEWSWIRE) — Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X45) (“Deep Sea Minerals” or the “Company”), a subsea mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is pleased to announce that it has submitted its bid in response to a solicitation from the U.S. Defense Industrial Base Consortium (the “DIBC”) to provide to the United States a reliable supply of critical minerals, focusing on Nickel (Ni), and a complementary commercialization plant.
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In February 2026, the DIBC issued a new request for project proposal (“RPP”) focused on strategic critical minerals. The DoW has prioritized identification of supply chain alternatives for defense-critical minerals used in the production of aircraft, missiles, semiconductors, and other defense technologies.
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The DIBC is managed by Advanced Technology International (“ATI”) on behalf of the U.S. Department of War (the “DoW”). The DIBC aims to expand and diversify the defense industrial base in the U.S., enable private-sector businesses to work in partnership with the U.S. Government, provide non-dilutive financing for key contractors, and provide the U.S. Government access to commercial solutions for defense requirements.
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Critical metals are considered essential for the U.S. defense industrial base, and the U.S. Government is engaged in strategic planning, initiatives, and funding to ensure it can access and onshore domestic production capabilities and supply.
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“We are delighted to support DIBC initiatives that focus on strategic critical minerals and to partner with the DoW” said James Deckelman, Chief Executive Officer of Deep Sea Minerals Corp.
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Deep Sea Minerals Corp. focuses on exploring and developing deep-sea mineral resources essential for emerging technologies, including materials used in batteries, electronics, and defense. Through technological innovation and strong environmental safeguards, the company aims to contribute to resilient and sustainable critical mineral supply chains.
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ABOUT DEEP SEA MINERALS CORP.
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Deep Sea Minerals Corp. is a subsea mineral exploration and development company focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets.
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The Company’s strategy is centered on identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence-related supply chains. These seabed resources represent a largely undeveloped component of the global mineral supply base and are the subject of increasing policy, scientific, and regulatory attention worldwide.
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