This paper addresses the composition, geochemistry, isotopic characteristics, and age of rocks from the Carter Seamount of the Grimaldi seamount group at the eastern margin of the Central Atlantic. The age of the seamount was estimated as 57–58 Ma. Together with other seamounts of the Grimaldi system and the Nadir Seamount, it forms a “hot line” related to the Guinea Fracture Zone, which was formed during the late Paleocene pulse of volcanism. The Carter Seamount is made up of olivine melilitites, ankaramites, and analcime-bearing nepheline tephrites, which are differentiated products of the fractional crystallization of melts similar to an alkaline ultramafic magma. The volcanics contain xenoliths entrained by melt at different depths from the mantle, layer 3 of the oceanic crust, which was formed at 113–115 Ma, and earlier magma chambers. The rocks were altered by low-temperature hydrothermal solutions. The parental melts of the volcanics of the Carter Seamount were derived at very low degrees of mantle melting in the stability field of garnet lherzolite at depths of no less than 105 km. Anomalously high Th, Nb, Ta, and La contents in the volcanics indicate that a metasomatized mantle reservoir contributed to the formation of their primary melts. The Sr, Pb, and Nd isotopic systematics of the rocks show that the composition of the mantle source lies on the mixing line between two mantle components. One of them is a mixture of prevailing HIMU and the depleted mantle, and the other is an enriched EM2-type mantle reservoir. These data suggest that the formation of the Carter Seamount volcanics was caused by extension-related decompression melting in the Guinea Fracture Zone of either (1) hot mantle plume material (HIMU component) affected by carbonate metasomatism or (2) carbonated basic enclaves (eclogites) ubiquitous in the asthenosphere, whose isotopic characteristics corresponded to the HIMU and EM2 components. In the former case, it is assumed that the melt assimilated during ascent the material of the metasomatized subcontinental mantle (EM2 component), which was incorporated into the oceanic lithospheric mantle during rifting and the breakup of Pangea.