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U.S. Treasury highlights deep sea mining in critical minerals policy, Deep Sea Minerals updates exploration progress.

Market News
19 Oct 2026
GlobeNewsWire
View Source
Bullish
U.S. Treasury highlights deep sea mining in critical minerals policy, Deep Sea Minerals updates exploration progress.

The U.S. Treasury recognized deep sea mining as a key part of its critical minerals strategy, emphasizing regulatory reform and project financing. Deep Sea Minerals Corp. welcomed this acknowledgment as it pursues exploration licenses in international waters and the Cook Islands. The company also extended its marketing agreement to boost investor awareness, reflecting increased spending to educate the market about this emerging industry. This recognition signals growing policy interest but does not guarantee funding or regulatory approval for the company.

Deep Sea Minerals Corp. news offers context for readers following the Basic Materials sector. As of Oct 19, 2026 18:11 WIB, 44 of 83 priced Basic Materials-sector US stocks tradable on Pluang rose while 29 fell. Notable movers include Carpenter Technology Corporation at USD 386.12 with a 2.39% increase, USA Rare Earth Inc. at USD 10.78 up 2.28%, and Almonty Industries Inc. at USD 10.05 rising 2.24%.

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