Latest news with #OdysseyMarineExploration
Daily Mirror
a day ago
- General
- Daily Mirror
Astonishing fight over hidden treasure worth billions that anyone can find
The lure of sunken gold under the waves has wreck-hunting salvage investigators scouring the sea beds to make their millions – but ownership of the lustrous loot is always hotly contested A treasure trove of gold coins, Chinese porcelain, emeralds and pearls worth £15 billion from sunken Spanish galleon San Jose has been discovered at the bottom of the Caribbean Sea. Images of the 'holy grail' of shipwrecks were taken by salvage investigators this week, showing the final resting place of the warship. Its contents were bound for the Spanish treasury until it was ambushed by the British Navy three centuries ago. Since then, adventurers have dreamed of finding its legendary loot – including 200 tonnes of gold, silver, gems and possibly diamonds – originally destined for Panama. The lure of retrieving sunken gold has seen wreck-hunting treasure seekers go to extraordinary lengths - often in very controversial circumstances. The Spanish frigate Nuestra Señora de las Mercedes was sunk by the British off the coast of Portugal in 1804 - taking with it millions of silver – known as pieces of eight – and gold coins, said to be worth £370 million. A US treasure hunter, Odyssey Marine Exploration, scoured the sea bed in 2007 and recovered almost 500,000 of them, taking them back to America. An ensuing legal battle resulted in the treasure returned to Spain, where it is now on display in a museum in Cartagena. A notorious wreck hunter in 1988 fought for the new-found riches of the Californian gold rush, from the 'ship of gold," which sank off the coast of South Carolina in 1857. The SS Central America was carrying 21 tonnes of gold nuggets, ingots, dust and coins when a hurricane sank it on its way from Panama to New York City - scattering the gold on the sea bed. Treasure hunter Tommy Thompson used sonar to bring up thousands of gold bars and coins, worth around £220m today. He was jailed in 2015 after failing to disclose the whereabouts of the missing loot. And while a judge earlier this year agreed to end his sentence, saying he was no longer convinced 'that further incarceration is likely to coerce compliance,' he immediately began a two year sentence for a related criminal contempt charge. Finding sunken treasure is no mean feat - explaining why salvage companies want a cut of the spoils. Shipwreck detective Nigel Pickford, a maritime historian and author of Samuel Pepys and the Strange Wrecking of the Gloucester: The Shipwreck That Shocked Restoration Britain, tracks down wrecks. He tells The Mirror: 'I start with history books. I like to get back to original letters, diaries, journals, log books, particularly if there were other ships in the fleet which had log books. Perhaps those involved in the sinking or battle.' The San Jose, he says, was relatively easy to locate, because it was extremely well documented in log books of British ships involved in the skirmish. 'They could work out say within probably 100 square miles where that ship was,' he says. 'But now we're searching for wrecks in 10,000 square miles.' According to the United Nations, there are at least three million shipwrecks lying across our ocean floors, not all contain treasure, but are still of historical interest. As a maritime nation, many lie within our territorial waters. 'When you think that everything went by ship until quite recently, there are many shipwrecks around the British Isles that haven't been found. And there are some interesting aeroplane wrecks too – with gold on them,' says Nigel. 'There are probably millions of wrecks around the world. But there are many we can't touch – like the ones in shallow water around Europe, which obviously means they get looted instead. 'You'd be surprised how much is still being shipped around. It might not necessarily be gold coins, but they're still high-value cargos,' says Nigel. But looters often beat bona fide recovery operators to the treasure. 'I was looking at a 17th century Dutch wreck recently which does have the location, and there are quite a lot of Spanish shipwrecks that are charted, but they're always in shallow water. These days I'm really only interested in deep wrecks,' says Nigel. 'Trawling destroys more shipwrecks than anything. Shallow shipwrecks may be easier to find, like the San Jose, but the deeper you go, the better the bounty. 'A shallow wreck might have been trawled through, dispersed, or looted. And wreck diving is dangerous. Things go wrong, and divers can only really go down to about 300ft. You can see much better using remote-operated vehicles (ROVs). And if you're looking in 15,000ft of water with an ROV, you can be fairly sure there won't be many people that have been there before.' The type of ship also matters. Wooden wrecks like the San Jose will fall apart if touched. 'You just need to know where the cargo that you're interested in might have been stowed,' says Nigel. 'You can see from the photos, coins from the San Jose are all over the sea bed. A bit of excavation with your ROVs will bring that stuff up. 'But steel wrecks have quite a high chance of still being intact. You might have to open it up on the seabed in order to get to the cargo. The most important thing on a steel wreck is to know the stowage.' Lost deep under the waves, gold treasure can look as good now as on the day it sank. 'Gold doesn't tarnish but silver does – it goes black, but it's not seriously damaged,' explains Nigel. 'I've been working on an East India cargo with a lot of porcelain, which is almost perfect. It is extraordinary what remains on a sea bed, particularly if it's really deep and there's no oxygen.' Meanwhile, thousands of First and Second World War ships are on salvage hunters' radars. 'My father Thomas Henry Pickford was in the Navy Salvage Department during World War II,' reveals Nigel, a teacher until he joined the family business. 'There was a lot of gold coming out of Europe before the Germans invaded,' he explains. 'France, Belgium and Holland were all trying to get their gold out, as was Britain. We shipped all our gold over to Canada.' British steam merchant vessel RMS Gairsoppa was hit by a German U-boat in February 1941 and went down with 85 men and a cargo full of silver bullion. A US exploration firm recovered 48 tons of silver worth £150 million in 2011, making it one of the largest and heaviest recoveries of precious metal from a shipwreck. Passengers on board the passenger ship SS City of Cairo to Brazil didn't know their ship was carrying the multi-million pound cargo. When the ship was hit by German torpedoes in November 1942, 109 people perished and its huge cache of Indian silver rupees, bound for melting for war materials in Britain, lay undisturbed until a British expedition discovered them 1,000 miles off the African coast in 2011. One of the treasure wrecks Nigel was involved in salvaging was the £32m of silver bullion that went down with the SS Tilawa en route to East Africa in November 1942. Japanese submarines torpedoed the ship, which was known as the Indian Titanic, killing 280 and more than 2,000 silver bars, due to be minted into coins, plunged to the sea bed near the Seychelles. 'I worked on a ship in the Indian Ocean with a very, very large cargo of bars of silver. That was technically extremely successful,' adds Nigel. But while a British team successfully retrieved the treasure, a court ruled the bullion belonged to South Africa. Many shipwreck finds end in a tussle between the countries who owned the ships, the country where the treasure was found, and the salvage companies, who want their share of the bounty. And not just anybody can dive for treasure. 'There's all sorts of permits needed these days, especially environmental permits,' says Nigel. 'A country's territorial waters extend 12 nautical miles out, then there's the contingent zone which goes out another 12, then economic waters which can go out to 200 miles. Increasingly, nations are claiming control of all shipwrecks within economic waters. 'A friend of mine had his ship seized in Spain's territorial waters. He's adamant he was outside them. In UK waters you probably wouldn't get arrested in quite the same way, but it's best working in international waters.' Even once a sunken wreck is found, many countries choose to leave the treasure where it is. In 1771, a Dutch ship loaded with precious works of art destined for Catherine the Great of Russia was caught in a storm and sank. 'It was found off the coast of Finland in 1999,' says Nigel. 'But the archeologists say no one should touch anything. I don't know if the paintings have survived.' Famous sunken treasure ships yet to be discovered include the 16th century Portuguese carrack Flor de Mar, which sank off Malaysia laden with treasure on its way to the king, and a British 17th century galleon, The Merchant Royal, which was carrying £1bn in gold sits untouched 30 miles off the coast of Cornwall. Nigel says: 'Personally, I wouldn't waste my time with the Flor de Mar. I would be worried that a lot of the cargo has been pillaged. 'But I've looked for the Merchant Royal three times – it's a fantastic wreck. I'm sure I know where it is now!' And there's the Portuguese galleon Santa Rosa, which sank off Brazil after a gunpowder explosion in 1726. Nigel enthuses: 'It has a very, very valuable cargo of gold. Probably even more gold than the San Jose.' A treasure hunter's work is clearly never dull!
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
