# News Release dated September 23, 2026 - Announcing LOI with Westwin

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/news-release-dated-september-23-2026-announcing-loi-with-westwin--13c8e77d-93ab-4a78-9e31-2f3114ae4447

Original source: https://webfiles-primary.thecse.com/news_releases/en/5541/5ddbb397-f8a5-4e3c-bab2-2597fa4b4699

Publisher: cse

Original announcement: 2026-09-23T15:05:05.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Deep Sea Minerals Corp.

- Ticker: SEAS

- Exchange: CSE

- Region: Unavailable

- Primary commodity: Nickel

- Secondary commodities: Cobalt, Copper, Manganese

- Document categories: Agreement transaction, Metallurgy

- Extracted: 2026-09-23 16:03:22 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Deep Sea Minerals Corp. has signed a non-binding Letter of Intent with Westwin Elements, Inc. to evaluate U.S.-based processing routes for polymetallic nodules. The proposed collaboration aims to conduct bench and pilot-scale test work to assess the recovery of nickel, cobalt, copper, and manganese.

Reasoning: The company has entered a non-binding LOI to evaluate processing pathways for polymetallic nodules with a specialized nickel refinery, representing a strategic step toward downstream integration, though it remains highly speculative and contingent on future rights and agreements.

- Positive factor: Strategic partnership with a nickel refinery \(Westwin\)

- Positive factor: Framework established for technical evaluation of processing routes

- Positive factor: Focus on critical minerals supply chain

- Negative factor: Non-binding LOI with no guarantee of definitive agreement

- Negative factor: Subject to obtaining subsea mineral rights and regulatory approvals

- Negative factor: No binding supply or offtake obligations currently exist

Facts used in scoring: 1

## Classification and evidence

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The company's strategy involves evaluating opportunities in the Pacific Ocean region, specifically mentioning the Clarion-Clipperton Zone.

Evidence · text

> the Company's amended application for an exploration licence for a defined area of the Clarion-Clipperton Zone in the Pacific Ocean

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.