Odyssey Marine Exploration Welcomes U.S. Government Recognition of Phosphate as a Critical Mineral, Strengthening Strategic Phosphate Projects

Core Insights - Odyssey Marine Exploration, Inc. has welcomed the U.S. Government's recognition of phosphate as a critical mineral, which enhances the strategic importance of its phosphate projects [1][2][3] Industry Significance - The federal recognition of phosphate emphasizes its critical role in U.S. manufacturing, agriculture, and national security, highlighting the need for secure and sustainable sources to reduce import reliance [2][3] - This designation aligns with the U.S. government's efforts to expand access to ocean-based mineral resources through responsible exploration and permitting [3] Company Strategy - Odyssey is focused on developing a diversified portfolio of projects aimed at addressing global challenges such as food security, clean energy, and resource independence, with phosphate as a central element [4] - The company has two active phosphate projects and is utilizing its proprietary Global Prospectivity Analysis to identify additional high-potential regions [4] Joint Ventures and Collaborations - Odyssey's joint venture with Capital Latinoamericano, PHOSAGMEX, aims to create a North American fertilizer supply chain that enhances food security and promotes sustainable agricultural practices [5] Recent Developments - Odyssey has submitted an Unsolicited Request for Lease Sale to the Bureau of Ocean Energy Management for an area in the U.S. Outer Continental Shelf believed to be rich in phosphate and other critical minerals [6]