Copperhead Resources Announces $4.0 Million Private Placement Financing to Accelerate Entry into the Deep Sea Critical Minerals Sector

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[{"type":"text","content":" Vancouver, BC, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Copperhead Resources Inc. (to be renamed Deep Sea Minerals Corp.) (CSE: CUH) (OTCPK: CUHRF) (FSE: X45) (\"Deep Sea\" or the \"Company\") is pleased to announce that it intends to complete a non-brokered private placement of up to 10,000,000 Shares at $0.40 per Share for aggregate gross proceeds of up to $4,000,000 (the “Offering”). The Offering is expected to close on or before February 6, 2026 and may close in one or more tranches. In connection with the Offering, the Company will pay finders’ fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Shares to subscribers directly introduced to the Company by eligible finders. In addition, the Company will issue to eligible finders non-transferable finders’ warrants of up to 7.0% of the number of Shares sold in the Offering. Each finders’ warrant will entitle the holder to acquire one Share at a price of $0.40 per Share for a period of 24 months from the date of issuance, all in accordance with the policies of the Canadian Securities Exchange (“CSE”).  The gross proceeds from the issuance of the Shares will be used to complete certain business objectives, as more particularly described under the heading “Business Objectives and Milestones (12 Months) in the Company’s CSE Form 2A Listing Statement dated January 19, 2026 (the “Listing Statement”), a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca, repayment of the Loan (as defined in the Listing Statement) and for general working capital purposes.  Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including acceptance of the Offering by the CSE. The Offering is not subject to a minimum aggregate amount of subscriptions. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and CSE policies. “This private placement will enable Deep Sea to accelerate early-stage value capture and to deliver on its growth objectives,” said James Deckelman, CEO of Deep Sea. “It will secure the working capital required to apply for subsea mineral rights in priority jurisdictions and to aggressively pursue ot...

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