09:05 AM EDT, 03/20/2026 (MT Newswires) -- Deep Sea Minerals ( DSEAF ) on Friday said it submitted its bid in response to a solicitation from the U.S. Defense Industrial Base Consortium (DIBC) to provide to the United States a reliable supply of critical minerals, focusing on Nickel (Ni), and a complementary commercialization plant.

The subsea mineral exploration and development company company noted in Feb. 2026, the DIBC issued a new request for project proposal focused on strategic critical minerals. It noted the U.S. Department of War has prioritized identification of supply chain alternatives for defense-critical minerals used in the production of aircraft, missiles, semiconductors, and other defense technologies.

Shares of the company closed down 3.8% to $1.02 on Thursday on the Canadian Securities Exchange.