Skip to content
The Vancouver-based company has applied to list American Depositary Shares on the Nasdaq, and aims to price the shares between US$4.25 and US$8 apiece, it said in a Securities and Exchange Commission filing. Its existing shares on the Canadian Securities Exchange rose more than 2.4 per cent on Tuesday afternoon. (The Logic)
Talking point: The company’s prospectus said it has applied to U.S. regulators for an exploration licence. Like its hometown rival, The Metals Company, Deep Sea Minerals is hoping the White House makes good on its promises to license more mining exploration on the ocean floor, despite other governments’ environmental qualms. Both companies are interested in the Clarion–Clipperton zone, an area of the Pacific Ocean littered with potato-sized rocks that can contain metals like nickel, copper and rare-earth elements, which U.S. President Donald Trump wants to secure for national security applications.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
An obscure data standard is the latest open banking holdup—and an unlikely political hot potato
Briefing
OSFI won’t dictate whether banks block AI agents, says Routledge
Deep Sea Minerals files to raise US$5M as U.S. spurs on seabed mining
Celestica expects sales to nearly double next year as AI demand surges
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
