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Deep Sea Minerals ($SEAS | $DSEAF): Potential NASDAQ Uplisting & Exploration Strategy

Investor TV Aug 4, 2026

Summary

Deep Sea Minerals received BCSC final receipt for its C$50 million shelf prospectus on July 28, advancing its planned NASDAQ uplisting.

Polymetallic nodules lie loose on the seafloor; explorers map them with AUV and ROV video and sample with box cores — no drilling or blasting.

The guest argues no commercial-scale nodule production exists yet, so proving harvesting machines run reliably is the industry's central risk, not discovery.

Deep-sea licenses span several regulators (NOAA, BOEM, Cook Islands, ISA); the CEO says spreading applications across them mitigates jurisdiction risk.

The hosts argue permit-ready Mexico silver developers such as GoGold and Silver Tiger trade depressed and could rerate as construction nears.

Key points on Avino Silver & Gold Mines Ltd

  • Don says Avino is mining a very large Mexican project underground but would prefer to pivot to open pit.
  • He includes Avino in his Mexico permit-play group of names that stand to gain if open-pit permits in the country start moving.

Key points on Discovery Silver Corp

  • Don expects the Cordero permit this year, calls Discovery one of his favorites and cites about a billion ounces of silver on the ground.
  • The host says he does not know anyone at the company since the CEO change a while back.

Key points on Gogold Resources

  • Don says GoGold has its underground-mine permit, enters construction in Q3 with a 22-month build, yet the stock barely rerated on the news.
  • The host says Brad did a phenomenal job explaining the free-cash-flow potential in a recent GoGold interview, and that completed permitting makes the story more attractive.
  • Don pairs GoGold with NexGold as economic, near-construction names investors are ignoring and expects a turnaround within roughly a year of the interview, for example if gold is near $6,000 and silver near $100.
  • GoGold would prefer an open pit at Los Ricos North and, per Don, will pursue that route if peer permits in Mexico keep coming through.

Key points on Chesapeake Gold

  • Don says Chesapeake has not yet submitted its permit for a big open-pit project, expects approval to follow Discovery's, and argues the stock is valued as if it will never be permitted.
  • The host likes Chesapeake and says the CEO is hoped to appear on the show later in the year.

Key points on NexGold Mining

  • Don says NexGold is about to start construction in Canada on a very economic project yet gets no investor interest, and expects that to change within about a year.
  • The host owns the stock, cites 7 million ounces of gold in Canada, and links its neglect to the same LaSonde-curve discount as GoGold.

Key points on Silver Storm Mining

  • Don expects the San Diego project to be fairly easy to permit because ore could be moved to the La Parilla mill roughly 20 kilometers away instead of building a new one.

Key points on Silver Tiger Metals

  • Don says Silver Tiger received its open-pit permit and enters construction in Q3, but the usual permit-driven rerating has not materialized amid the sector correction.
  • The host notes the company keeps raising money and drilling rather than waiting passively on permitting.

Key points on Vizsla Silver

  • Don argues Vizsla could rise as much as 200% within 12 months of the interview if it wins its underground permit and resolves the security issues that followed a cartel incident.
  • He expects the permit this year and thinks an underground permit is easier to obtain than an open-pit one.
  • He describes the chart as a steady decline since the security issue, a rubber-band setup that nobody wants to buy.

James Deckelman's takeaways

  • Top takeaway He is staking the near-term story on the NASDAQ uplisting: BCSC final receipt for the C$50 million base shelf came July 28, which he calls critical to the uplist and to a planned concurrent US financing.
  • He argues seabed nodule harvesting has a fundamentally lower risk profile than terrestrial mining or offshore oil and gas: the nodules rest unattached on the seafloor, so there is no cutting, blasting, tunneling, overburden removal or tailings, and deposits are mapped by AUV/ROV video and sampled with box cores.
  • He is mitigating jurisdictional risk by positioning across the Cook Islands EEZ, the US EEZ via BOEM in American Samoa, and international waters under both the ISA and NOAA regimes, while stressing strict legal and procedural rigor on the NOAA application.
  • He positions Deep Sea Minerals as a deliberate second mover that benefits from The Metals Company's groundwork, including more than US$250 million of environmental work and the sector's only published project economics.
  • He argues fiscal terms such as royalties, taxes and revenue sharing remain negotiable and unsettled, with stabilization clauses the standard mitigation, and says the Cook Islands target areas already carry minerals in the CIM inferred category, removing discovery risk.

John Fenwick's takeaways

  • Top takeaway He argues equities are in a huge euphoric bubble that has run from March 2009 to July 2026, pointing to broken charts in Tesla, IBM, MicroStrategy and the semiconductors, and expects further downside.
  • He urges investors in beaten-down LaSonde-curve names to hold conviction: recheck the original thesis and, if nothing has changed, buy more, noting many of these stocks remain about 50% below their highs despite gold above $5,000.
  • He makes the case that exchange uplistings are major catalysts for juniors, since institutions often cannot buy OTC tickers and ETFs such as GDX and GDXJ apply strict inclusion criteria.
  • On the Mexico permit names, he notes management teams are not sitting idle: they keep raising money and drilling, so a strong drill result could drive a rerating while permits are pending.

Don Duret's takeaways

  • Top takeaway His core Fed thesis: since 2008 the Fed has prioritized economic growth over fighting inflation, cutting rates or doing QE whenever markets fall, and it can no longer fight inflation without risking a recession, a lose-lose that ends in stagflation as debt bites.
  • His permit-cycle thesis: construction-ready names such as GoGold, Silver Tiger and NexGold are being ignored despite strong economics, and he expects turnarounds within about a year of the interview, for example if gold is near $6,000 and silver near $100.
  • On Vizsla, he argues the stock could rise up to 200% within 12 months if it gets its underground permit and resolves its security issues, and he expects that permit this year.
  • On seabed mining, he argues the commodity price becomes the only variable that matters once machine dependability is proven, and investors will not pay more than a 5-to-8-times free-cash-flow multiple until consistent quarterly output is demonstrated.
  • He likes Discovery's Cordero, with about a billion ounces of silver and a permit expected this year, and says Chesapeake is priced as if it will never be permitted; he also recommends Porter Stansbury's book 'The End of America' on the Fed's predicament.