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Washington’s Billion $ Bet on Mineral Independence: A Policy Shift Investors Can’t Afford to Miss

October 31, 2026

And yet, at the time this is written, SEAS trades at a fully diluted market capitalization of approximately $26 million CAD. 12 The gap between Washington’s urgency and the market’s current pricing of companies positioned to solve the problem is extraordinary. And in resource investing, gaps like that have a history of closing fast.

The Minerals Powering Two Revolutions at Once

The Richest Untapped Resource on the Planet

Project Vault represents the most significant U.S. government commitment to critical minerals independence in history, $12 billion deployed to counter China’s dominance in mineral processing. 18

The Cook Islands Exclusive Economic Zone (EEZ) presents a complementary opportunity. With approximately 12 billion wet tons of polymetallic nodules, the Cook Islands represents one of the few jurisdictions with an established seabed mineral regulatory framework supported by decades of scientific assessment. In February 2026, the Cook Islands Government and the United States formalized a framework for cooperation on critical minerals research and supply chain security, directly aligning this jurisdiction with U.S.-led critical minerals policy objectives. 19

These nodules contain the exact metals that both the U.S. defense industrial base and the global energy transition require.

Yet these benefits come with risks: Deep-sea nodule extraction would permanently remove unique abyssal habitats, generate sediment plumes, disrupt fragile deep-ocean ecosystems, and carry uncertain long-term consequences, outcomes that science has not yet fully quantified or mitigated. 20

ZoneEstimated ResourceExploration LicensesCommercial Permits
Clarion-Clipperton Zone~21.1B dry tonnes20 issued0
Cook Islands EEZ~12B wet tonnes3 issued0

Zero commercial recovery permits have been issued in either zone. The race to the seabed hasn’t been run. The starting gun was just fired. And SEAS (OTCQB . DSEAF CSE . SEAS) is pursuing both jurisdictions simultaneously.

Three Policy Events That Changed Everything

Introducing Deep Sea Minerals Corp.

Deep Sea Minerals Corp. (OTCQB . DSEAF CSE . SEAS FSC . X450), completed its change of business on January 26, 2026, five days after NOAA’s historic combined permitting rule potentially opened the pathway to commercial seabed mining. 26

The pivot point: Securing concessions in the CCZ and/or Cook Islands EEZ is the single most important near-term catalyst. It could transform SEAS from strategic concept into resource holder, and potentially force the market to reassess how these strategic realities apply to smaller-cap peers.

The Team: Offshore Expertise Applied to a New Resource
The Catalyst Roadmap
The Investment Thesis: Two Megatrends, One Ocean Floor

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