Copperhead Pivots to Deep-Sea Mining for Critical Energy Transition Metals
Copperhead Resources Inc. is shifting its focus from precious metals to deep-sea mineral exploration, now referred to as deepseek. The company plans to target critical elements needed for energy transition and national security. CEO James Deckelman has confirmed the strategic change aligns with U.S. priorities in these sectors.
The company has already identified key regions for potential deep-sea projects, now referred to as news. These include the Clarion-Clipperton Zone in the Pacific Ocean and the Peru Basin in the South Pacific. Discussions with host governments in these areas are reportedly underway.
The new business model will involve locating promising geological sites, analysing their potential, securing exploration rights, and planning detailed surveys. To support this transition, Copperhead has secured a $50,000 unsecured loan with no interest until April 16, 2027. After this date, a 5% annual interest rate will apply if the loan remains unpaid.
Before finalising the shift, the company must obtain shareholder approval for both the change in business direction and a proposed name change. If approved, Copperhead will rebrand as 'Deep Sea Minerals Corp.' and list its shares under the new symbol 'SEAS' on the Canadian Securities Exchange (CSE).
The move positions Copperhead to play a role in deep-sea mineral extraction, focusing on materials essential for modern technologies. Shareholders will soon vote on the proposed changes, which include a new name and trading symbol. The outcome will determine whether the company proceeds with its revised business plan.
