Mentioned:
SEAS +2.04% TMC -5.23%
A publicly traded deep sea mining company in Canada wants to make their Wall Street debut.
What’s happening:
- Seabed mineral exploration company Deep Sea Minerals (CSE: SEAS) has officially filed a listing application with the Nasdaq
Why it matters:
- Deep Sea Minerals is the only publicly traded company in Canada solely focused on deep sea mining
Going deeper:
- Deep Sea Minerals has publicly stated they are pursuing potential exploration projects with governments and regulatory groups in the Pacific Ocean region to advance seabed mineral development
- The Metals Company (NASDAQ: TMC) just recently notably received a formal certification from the United States National Oceanic and Atmospheric Administration for their USA B exploration license application for deep sea mining
The fine print:
- Deep Sea Minerals’ application to list on the Nasdaq will still ultimately require regulatory approval as well as successfully meeting all of the Nasdaq’s listing requirements
