Odyssey Marine Exploration(US:OMEX) Businesswireยท2025-11-12 14:40Core Insights - Odyssey Marine Exploration is focused on building a diverse portfolio to meet the multi-year demand for critical minerals, including phosphate and polymetallic nodules, aimed at enhancing supply chains for battery materials, agriculture, and manufacturing [2][5] Recent Milestones - A Mexican court annulled previous cancellations of concessions, restoring their legal validity, which will be assigned to PHOSAGMEX, a joint venture focused on North American fertilizer supply [5] - Odyssey submitted an unsolicited request for a lease sale to the Bureau of Ocean Energy Management for a Mid-Atlantic area rich in phosphate, titanium, zirconium, and rare earth elements, aligning with U.S. resource-security priorities [5] - Two Autonomous Benthic Mini Landers were deployed in the Cook Islands to collect geophysical and environmental data at depths of 5,000 meters, showcasing the company's technical leadership in deep-ocean resource exploration [5] - The company simplified its balance sheet by converting $20 million of debt into common stock, enhancing liquidity [5] - Odyssey joined the National Ocean Industries Association, expanding its platform for collaboration and responsible development in the offshore economy [5] Strategic Developments - The U.S. Government's recognition of phosphate as a critical mineral strengthens Odyssey's strategic phosphate projects and advances resource security [10] - The company is advancing critical-mineral resource development through its lease sale request to the U.S. Department of the Interior [11] - Successful deployment of Autonomous Benthic Mini Landers marks a significant milestone in deep-sea exploration and data collection [12]