$SEAS.CN

2 stories mentioning SEAS.CNUpdated just now

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Deep Sea Minerals Confirms NOAA Exploration Application Under Regulatory Review

Deep Sea Minerals' (SEAS.CN) application submitted under the Deep Seabed Hard Mineral Resources Act to the National Oceanic and Atmospheric Administration, or NOAA is still active within the regulatory review process, it said on Friday.The application "has not been rejected, denied, dismissed, or withdrawn," it said in a statement. The application has advanced through the substantial compliance stage, it said."Recent media references have led to an incorrect impression that our exploration license application was rejected," said Chief Executive James Deckelman. "That is not the case. Our application remains active, has passed substantial compliance, and continues to move through the regulatory pathway.""We are focused on satisfying the remaining requirements and working toward full compliance and final application approval," added Deckelman.Shares of the company were last seen down 5.1% at C$1.30 on the Canadian Securities Exchange.Price: $1.30, Change: $-0.07, Percent Change: -5.11%

$SEAS.CN

Mining & Metals28d ago

Deep Sea Minerals Announces Application to List on the Nasdaq Capital Market; Shares up 12%

Deep Sea Minerals (SEAS.CN) has filed a listing application with the Nasdaq Capital Market in connection with a planned uplisting of its common shares in the United States, the company said on Friday.The company believes that a U.S. exchange listing, if completed, would complement its existing listing on the Canadian Securities Exchange and position it to access deeper and more diversified capital markets as it continues to advance its development objectives.The proposed listing of the company's common shares on the Nasdaq remains subject to satisfaction of Nasdaq's initial listing requirements, receipt of all required regulatory approvals, and completion of customary listing processes, said the company.There can be no assurance that the company's application will be approved or that a listing on the Nasdaq will be completed, it added."We believe that pursuing a U.S. exchange listing represents an important step in Deep Sea Minerals' long-term growth strategy," said James Deckelman, Chief Executive Officer of Deep Sea Minerals. "A listing on the Nasdaq is expected to enhance our visibility within the global investment community, broaden access to institutional and retail investors, and support increased liquidity for our shareholders as we continue advancing our development objectives."Shares of the company were last seen up $0.18 at $1.68 on the Canadian Securities Exchange.Price: $1.70, Change: $+0.20, Percent Change: +13.33%

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