Deep Sea Minerals amends disclosure after B.C. regulator flags promotional statements
TMC•Timing and permit expectations revised
Deep Sea Minerals reset expectations on timing:
- Cook Islands application targeted for Q3 2026 to Q1 2027
- NOAA license timing estimated around Q4 2027
Disclosure correction after BCSC review
Deep Sea Minerals issued a disclosure correction following a BCSC review tied to its short-form base shelf prospectus.
The company clarified that NOAA’s “substantial compliance” finding for its CCZ exploration application is not a license or authorization to start offshore work.
Promotional claims and third-party materials
The company corrected promotional claims, including that NOAA has not granted The Metals Company an exploration license or commercial recovery permit.
It also instructed promoters to remove investor videos and warned that some third-party promotions from Feb. 26 to July 10, 2026 may have been misleading.
