Deep Sea Minerals FY26 Q2 net loss widens to CAD 1.99 million; operating loss widens to CAD 1.99 million

Reuters2026/08/14 12:37

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Deep Sea Minerals posted a net loss of CAD 2.78 million for the six months ended June 30, 2026, versus CAD 45,890 a year earlier.
Operating loss widened to CAD 2.77 million from CAD 49,996, driven by higher advertising and marketing expense of CAD 745,360.
Professional and consulting fees climbed to CAD 672,941 from CAD 33,378; stock-based compensation rose to CAD 668,227 from none.
Cash increased to CAD 1.64 million at June 30, 2026, from CAD 99,735 at Dec. 31, 2025, following CAD 4.22 million private placement proceeds.
Subsequent events included a USD 100,000 marketing agreement extension; a Form F-10 registration statement became effective as Nasdaq listing work continues.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deep Sea Minerals Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-089437), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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