Odyssey Marine Exploration Positioned for Growth Following Executive Order
Odyssey Marine Exploration, Inc. has welcomed the issuance of a new Executive Order titled Unleashing America’s Offshore Critical Minerals and Resources. 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 provides Odyssey with the flexibility to access the capital markets when needed.
The Executive Order focuses on the rapid development of U.S. capabilities for the exploration, collection, and processing of seabed-derived critical minerals—essential for national security, clean energy, and advanced manufacturing inputs. With its expertise in ocean exploration and project development, Odyssey aligns with these priorities through projects targeting battery metals and fertilizer-grade phosphates.
Odyssey’s Capabilities in Alignment with the Executive Order:
- Track Record in Deep-Sea Exploration
- Government and Industry Partnerships
- Project Pipeline Across Strategic Jurisdictions
- Proprietary Research
- Expertise in Regulatory Navigation and Permitting
Odyssey recently took steps to ensure flexibility in utilizing its common stock for future fundraising and compliance with Nasdaq Listing Rules. These measures include a universal shelf registration, a reverse stock split, and an authorized share increase.
With operational funding in place and the flexibility provided by the shelf registration, Odyssey is well-positioned to capitalize on the opportunities that may arise from the Executive Order.