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Business Wire
4 days ago
- Business
- Business Wire
Odyssey Marine Exploration Advances Mexico Fertilizer Project With JV Formation and Provides Corporate Updates
TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of strategic minerals that provide solutions to global challenges, today announced that it has completed the first of several key steps in the advancement of its previously disclosed joint venture with Capital Latinoamericano ('CapLat'). 'This progress comes at a time of heightened global focus on strategic minerals, including phosphate for fertilizers,' said Mark Gordon, Chairman and CEO of Odyssey. The joint venture, formally named PHOSAGMEX, aims to establish a domestic fertilizer supply that enhances North American food security and supports sustainable agricultural practices. As part of this effort, an Odyssey subsidiary has initiated the transfer of legal rights to certain mining concessions to the joint venture. 'This progress comes at a time of heightened global focus on strategic minerals, including phosphate for fertilizers,' said Mark Gordon, Chairman and CEO of Odyssey. 'Transferring project rights at this stage is a critical step in ensuring the success of the PHOSAGMEX initiative. We are pleased to be working with CapLat, led by Juan Cortina Gallardo, and believe this partnership gives the project its greatest chance of success. Juan brings invaluable leadership to PHOSAGMEX through his experience as former President of Mexico's National Agricultural Council (Consejo Nacional Agropecuario), which represents over 80% of the country's agri-food GDP, and his leadership at Siembra, CIMMYT, Santander Mexico, and Rabobank's International Advisory Council.' As Odyssey advances operational milestones, such as the PHOSAGMEX partnership, the company also remains focused on aligning its corporate structure and governance to support long-term growth. On June 9, 2025, Odyssey held its annual meeting of stockholders where stockholders voted on several proposals by the company, including election of directors, ratification of Grant Thornton LLP as the Company's independent public accounting firm, and an advisory 'say on pay' approval of compensation of Odyssey's named executive officers. Although more than 80% of stockholders who voted approved the proposed amendment of the company's Articles of Incorporation, including a proposed increase in the number of authorized shares of common stock and a reverse stock split, the proposals did not receive the requisite approval of a majority of the voting power of the Company as required by Nevada law. Both proposals were intended to provide further flexibility for the company; the inability to implement them does not affect Odyssey's ability to meet its needs and execute its strategy. Odyssey CEO and Chairman Mark Gordon will present at the Emerging Growth Conference on June 17, 2025, at 2:55 PM EST. Mr. Gordon will highlight upcoming project catalysts, including those for PHOSAGMEX, and outline the company's long-term strategy for value creation. Interested individual and institutional investors, analysts, and advisors are invited to register to attend live or gain access to the archived webcast. A replay of the presentation will be available on and the Emerging Growth YouTube Channel after the event. About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to the sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions for obtaining minerals that address present and future global challenges. Learn more at Forward Looking Information Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 31, 2025. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved.
Yahoo
04-06-2025
- Business
- Yahoo
Odyssey Marine Exploration Builds Momentum Across Portfolio; CEO Mark Gordon to Present at Emerging Growth Conference on June 17
TAMPA, Fla., June 04, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of critical minerals that provide solutions to global challenges, continues to build momentum in 2025, driven by progress across its key mineral projects, growing policy support, and increased investor engagement. Following a strategic capital raise and critical regulatory developments earlier this year, Odyssey's leadership has been actively engaging with the investment community. Most recently, Chief Executive Officer and Chairman of the Board of Directors Mark Gordon sat down with Crux Investor's Matthew Gordon for an in-depth interview discussing Odyssey's phosphate project in Mexico, battery metal project investments in the Cook Islands, and how recent global policy shifts—including a U.S. Executive Order—are accelerating the future of seafloor mining. Watch the 40-minute Crux interview and read the accompanying report. Odyssey was also featured in The Water Tower Hour podcast in April, further expanding public awareness of the company's global strategy and mineral development initiatives. Listen to the Water Tower Hour Podcast. Looking ahead, Odyssey invites individual and institutional investors, analysts, and advisors to attend Mark Gordon's upcoming presentation at the Emerging Growth Conference on June 17, 2025, at 2:55 PM EST. The 12-minute session will spotlight upcoming catalysts and the company's long-term value-creation strategy. Register here to attend live or receive access to the archived webcast. If you are unable to join the event live, a replay will be available following the conference on and the Emerging Growth YouTube Channel. About the Emerging Growth Conference The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services, and other major announcements to the investment community from the convenience of their office in a time-efficient manner. The Conference focus and coverage include companies in a wide range of growth sectors, with strong management teams, innovative products and services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone. About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to the sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions to obtain minerals that will address present and future global challenges. Learn more at Disclaimer: The links provided on this press release lead to third-party websites and media platforms. These websites may include interviews, podcasts, and presentations may contain opinions or information not formally reviewed or endorsed by Odyssey Marine Exploration. References to third-party content are for informational purposes only and do not necessarily reflect the views, policies, or positions of Odyssey Marine Exploration, Inc. or its management. Forward Looking Information Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 31, 2025. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved. View source version on Contacts Liz ShowsOdyssey Marine Exploration, Inc.(813) 876-1776lshows@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
04-06-2025
- Business
- Business Wire
Odyssey Marine Exploration Builds Momentum Across Portfolio; CEO Mark Gordon to Present at Emerging Growth Conference on June 17
BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of critical minerals that provide solutions to global challenges, continues to build momentum in 2025, driven by progress across its key mineral projects, growing policy support, and increased investor engagement. Following a strategic capital raise and critical regulatory developments earlier this year, Odyssey's leadership has been actively engaging with the investment community. Most recently, Chief Executive Officer and Chairman of the Board of Directors Mark Gordon sat down with Crux Investor's Matthew Gordon for an in-depth interview discussing Odyssey's phosphate project in Mexico, battery metal project investments in the Cook Islands, and how recent global policy shifts—including a U.S. Executive Order—are accelerating the future of seafloor mining. Watch the 40-minute Crux interview and read the accompanying report. Odyssey was also featured in The Water Tower Hour podcast in April, further expanding public awareness of the company's global strategy and mineral development initiatives. Listen to the Water Tower Hour Podcast. Looking ahead, Odyssey invites individual and institutional investors, analysts, and advisors to attend Mark Gordon's upcoming presentation at the Emerging Growth Conference on June 17, 2025, at 2:55 PM EST. The 12-minute session will spotlight upcoming catalysts and the company's long-term value-creation strategy. Register here to attend live or receive access to the archived webcast. If you are unable to join the event live, a replay will be available following the conference on and the Emerging Growth YouTube Channel. About the Emerging Growth Conference The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services, and other major announcements to the investment community from the convenience of their office in a time-efficient manner. The Conference focus and coverage include companies in a wide range of growth sectors, with strong management teams, innovative products and services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone. About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to the sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions to obtain minerals that will address present and future global challenges. Learn more at Disclaimer: The links provided on this press release lead to third-party websites and media platforms. These websites may include interviews, podcasts, and presentations may contain opinions or information not formally reviewed or endorsed by Odyssey Marine Exploration. References to third-party content are for informational purposes only and do not necessarily reflect the views, policies, or positions of Odyssey Marine Exploration, Inc. or its management. Forward Looking Information Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 31, 2025. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved.
Yahoo
13-05-2025
- Business
- Yahoo
Odyssey Marine Exploration Reports Q1 2025 Results, Regains Nasdaq Compliance, and Announces New Capital Infusion
TAMPA, Fla., May 13, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development and extraction of critical minerals that provide solutions to global challenges, today announced its results for the first quarter ended March 31, 2025, highlighted by the successful resolution of its Nasdaq listing compliance and the continued financial support of its long-term investors. "We are encouraged by the dedicated support of our long-term investors and the heightened focus by governments worldwide on ocean resource mineral exploration to secure critical mineral supplies," said Mark Gordon, Chairman and CEO of Odyssey Marine Exploration. "Our team is advancing projects that address global challenges like food security and the energy transition. With a strengthened balance sheet, regained Nasdaq compliance, and growing market awareness, Odyssey is well-positioned to build long-term value for shareholders." On May 9, 2025, Odyssey received confirmation from the Nasdaq Listing Qualifications staff that the company had regained compliance with Nasdaq Listing Rule 5550(a)(2) by maintaining a closing bid price of $1.00 or higher for ten consecutive business days. As a result, the previously announced delisting matter has been closed, and Odyssey remains listed on the Nasdaq Capital Market. In addition, Odyssey announced that its existing investors have invested more than $2 million into the Company since April 29, 2025, by exercising their option to purchase additional shares of common stock under the Company's Securities Purchase Agreement (SPA) entered into in December 2024 or by exercising warrants to purchase common stock. The Company has agreed with its investors on a short extension of the deadline to purchase additional shares of common stock under the SPA and anticipates that certain investors will exercise that option. The recent U.S. Administration's Executive Order on Offshore Critical Minerals highlights the urgent need to strengthen domestic supply chains by responsibly advancing America's offshore mineral resources. Odyssey's proven track record in securing licenses, validating resources, and navigating complex regulatory processes uniquely positions the company to help meet this national priority. Although based in the U.S., Odyssey's work extends globally with a diverse portfolio of projects already in development in multiple jurisdictions. To learn more about Odyssey's capabilities, visit: Condensed consolidated financial statements are included in Odyssey's Quarterly Report on Form 10-Q for the period ended March 31, 2025, which is available on the company's website at as well as at . About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions to obtain minerals that will address present and future global challenges. Learn more at Forward Looking Information Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 31, 2025. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved. View source version on Contacts Liz ShowsOdyssey Marine Exploration, Inc.(813) 876-1776lshows@ Sign in to access your portfolio
Business Wire
28-04-2025
- Business
- Business Wire
Odyssey Marine Exploration Confirms Sufficient Operational Funding and Welcomes New Executive Order
TAMPA, Fla.--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a U.S.-based leader in ocean exploration and sustainable mineral resource development, is pleased to see the issuance of a new Executive Order titled Unleashing America's Offshore Critical Minerals and Resources. In addition, the company confirms that it currently has no specific plans to issue any securities under its universal shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission (SEC) and provides Odyssey with the flexibility to access the capital markets in a timely manner. The specifics of any future offering, along with the prices and terms of any such securities offered by Odyssey, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed in connection with such offering. As previously announced, Odyssey currently anticipates that the proceeds from the Securities Purchase Agreement (SPA) executed by the company in December 2024, together with other prior funding arrangements, will continue to fund the company's operations during 2025. "With our expertise in deep-ocean exploration, Odyssey can capitalize on this opportunity and drive meaningful progress in advancing America's offshore mineral strategy,' said Mark D. Gordon, CEO and Chairman of Odyssey Marine Exploration. Share 'This Executive Order is a milestone for U.S. resource strategy,' said Mark D. Gordon, CEO and Chairman of Odyssey Marine Exploration. 'It validates what we have long known — that the seabed holds essential resources critical to our future and that it is not a question of if, but when, these resources must be responsibly explored and brought to market to meet growing global demand. The actions outlined in this Executive Order are a significant step forward, underscoring the growing global momentum toward securing critical minerals from the seafloor. With our expertise in deep-ocean exploration, Odyssey can capitalize on this opportunity and drive meaningful progress in advancing America's offshore mineral strategy.' The Executive Order prioritizes the rapid development of U.S. capabilities for the exploration, collection, and processing of seabed-derived critical minerals—essential to securing defense, clean energy, and advanced manufacturing inputs. With decades of proven leadership in ocean exploration and project development, Odyssey aligns with these national priorities through its active projects targeting battery metals (polymetallic nodules) and fertilizer-grade phosphates. Odyssey's Capabilities Aligned with the Executive Order: Proven Track Record in Deep-Sea Exploration: Over 30 years of experience in mineral identification, marine operations, environmental stewardship, and project advancement, including more than 24,000 hours of seabed mapping across 75,000+ km² at depths up to 6,000 meters. We apply these capabilities to advance our portfolio of critical mineral projects and provide specialized exploration and advisory services to governments and seabed license holders worldwide. Strong Government and Industry Partnerships: Collaborative relationships with sovereign governments, license holders, U.S. agencies, and academic institutions — aligning with the Executive Order's call for allied cooperation and domestic capability building. Advanced Project Pipeline Across Strategic Jurisdictions: Active development of battery metal and phosphate projects targeting critical U.S. supply chain gaps in energy and food security. Proprietary Research: Odyssey's 48-point global prospectivity program has analyzed over 100 countries' exclusive economic zones resulting in identifying and ranking highly prospective subsea mineral targets around the world, including many in U.S. waters, which Odyssey will now prioritize. Our program is well aligned with the Executive Order's seabed mapping and private-sector engagement directives. Expertise in Regulatory Navigation and Permitting: Deep experience managing complex international and U.S. regulatory frameworks, supporting the Executive Order's goals for streamlined permitting under the Deep Seabed Hard Mineral Resources Act and OCS Lands Act. On April 25, 2025, Odyssey took certain important steps to ensure the company's flexibility to appropriately use its common stock to raise funds for business and financial purposes in the future and to comply with the Nasdaq Listing Rules. Universal Shelf Registration: Odyssey filed a prospectus as part of a registration statement with the Securities and Exchange Commission (SEC) using a 'shelf' registration process. The prospectus, which provides that Odyssey may sell securities in one or more offerings up to a total dollar amount of $50 million, was a routine filing following the expiration of the company's prior universal shelf registration. Reverse Stock Split: Odyssey's annual report and proxy statement includes a proposal for a potential reverse stock split, which the company would implement only if necessary to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). This proposal is subject to approval by the company's stockholders. Authorized Share Increase: The company's annual report and proxy statement also includes a proposal to implement an increase in the number of shares of authorized common stock from 75 million shares to up to 150 million shares or such lesser number of shares of common stock as is determined necessary or desirable by the Board of Directors for the company's business and financial purposes. This proposal is subject to approval by the company's stockholders. Odyssey's current operational funding and the flexibility provided by the shelf registration ensure that Odyssey is well prepared for the opportunities that may result from the Executive Order. As one of the few U.S. public companies engaged in this industry, Odyssey is uniquely positioned to help lead the effort, leveraging our unmatched expertise in deep-ocean exploration, regulatory strategy, and strategic project development. Odyssey will continue to work closely with U.S. and global agencies, policymakers, and allies to help shape a strong, secure, and responsible future for seabed mineral development while creating long-term value for stakeholders and partners. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which an offer, solicitation, or sale would be unlawful prior to registration and qualification under the securities law of such jurisdiction. Any offering of the securities covered by the shelf registration statement will be made solely by means of a prospectus and, if required, an accompanying prospectus supplement relating to that offering. A copy of the prospectus included in the shelf registration statement may be obtained on the SEC's website at or Odyssey's investor relations website. About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions to obtain minerals that will address present and future global challenges. Learn more at
