OMEX

TAMPA, Fla., November 12, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a U.S.-based ocean exploration and marine resource development leader, reported results today for the third quarter ended September 30, 2025, and provided an update on current projects and future plans. "Odyssey is turning strategy into action," said Mark Gordon, Chairman and CEO. "Our plan is straightforward: build a geologically and geographically diverse portfolio to serve multi-year demand for critical minerals. Currently spanning phosphate, polymetallic nodules, and other strategic deposits, our portfolio offers investors exposure to multiple mineral systems, jurisdictions, and development pathways and is designed for continued growth. We are advancing projects that strengthen transparent, reliable supply chains for battery materials, agriculture and food security, and manufacturing—translating this vision into tangible, long-term value through responsible, science-led operations." Recent milestones (Q3 and Early Q4) Concessions confirmed: A Mexican court issued orders annulling the earlier cancellations of our subsidiary’s concessions, thereby restoring the legal validity of the concessions. Subject to the court’s resolution of certain concession-fee matters, the concessions will be assigned to PHOSAGMEX, our Mexican joint venture with Capital Latinoamericano (CapLat), which is focused on strengthening North American fertilizer supply and sustainable agricultural practices. U.S. request for a lease sale submitted: Advanced our U.S. strategy with the submission of an unsolicited request for a lease sale to the Bureau of Ocean Energy Management (BOEM) for a Mid-Atlantic Outer Continental Shelf area prospective for phosphate, titanium, zirconium and rare earth elements—aligning directly with U.S. resource-security priorities. Technical execution in the Cook Islands: Deployed two Autonomous Benthic Mini Landers (ABMLs) in the Cook Islands Exclusive Economic Zone to collect geophysical and environmental data at 5,000 meters’ depth—demonstrating our technical and scientific leadership in deep-ocean resource exploration. Balance sheet simplified: $20.0 million of the Company’s debt was converted into common stock, eliminating all the outstanding obligations under our promissory notes and enhancing liquidity. Industry engagement: Joined the National Ocean Industri...

TAMPA, Fla., August 20, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of subsea strategic minerals that provide solutions to global challenges, today announced its results for the second quarter ended June 30, 2025, and provided updates on key operational and strategic initiatives. "The recognition of ocean minerals as a sustainable source of critical minerals essential to the global economy, food security, and energy transition has accelerated this year with United States (U.S.) leadership now driving global momentum. This marks a breakthrough moment for Odyssey and for the entire ocean mineral resource sector - the time for responsible ocean mineral exploration to advance is now here," said Mark Gordon, Odyssey Chief Executive Officer and Chairman of the Board of Directors. "The recent cooperation agreement between the U.S. and the Cook Islands underscores this momentum and, more specifically, our approach to working directly with governments with a strong regulatory framework and foresight to see the potential of ocean resources to strengthen their economies. Odyssey has been positioning itself for the past 15 years to help create and remain at the forefront of this emerging industry. Now that our debt is materially reduced, operations are fully funded into next year, and we have the flexibility to invest further in high-value projects, Odyssey is stronger than ever. With a diversified portfolio and growing policy support, we expect to now realize the benefits of our years-long efforts, leveraging this strong momentum." Funding and Capital Structure Update Odyssey has significantly strengthened its financial position since announcing its first-quarter results. Existing investors exercised options and warrants during the second quarter, generating approximately $8.2 million in cash proceeds to fund operations. Additionally, holders of the company’s convertible notes converted more than $9.6 million of indebtedness, representing over 53% of the outstanding note obligations. These transactions not only secure working capital to fund operations into 2026 and reduce the company’s debt but also highlight growing investor confidence in Odyssey’s execution and the broader recognition that subsea minerals represent an outstanding investment opportunity in t...

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 o...

CEO Mark Gordon to Present at the Emerging Growth Conference on April 16, 2025 TAMPA, Fla., April 02, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a global leader in ocean exploration and sustainable mineral resource development, reported financial results for the fourth quarter ended December 31, 2024, as well as the full year ended December 31, 2024. The company also provided updates on key projects and business strategy reiterating its commitment to advancing a diversified portfolio of critical mineral assets. "With a diversified pipeline of projects, strategic partnerships, and growing global demand for critical minerals, Odyssey is uniquely positioned to advance projects that contribute meaningfully to addressing worldwide supply shortages," said Mark Gordon, Chief Executive Officer and Chairman of the Board of Odyssey Marine Exploration. "Although much investor attention has centered on our NAFTA arbitration, this focus often overlooks the significant long-term potential of our broader asset portfolio. Each of our projects brings distinct strengths and market relevance, and we remain committed to advancing them in ways that generate value." Upcoming Investor Presentation Mr. Gordon will present at the Emerging Growth Conference on April 16, 2025, from 12:35 to 1:05 PM ET, where he will highlight the company’s current business strategy, portfolio growth, and long-term outlook and outline strategic priorities for the year ahead. A replay will be available following the event on EmergingGrowth.com and the Emerging Growth YouTube Channel. Investors may register to attend at: https://goto.webcasts.com/starthere.jsp?ei=1705403&tp_key=612b99c876&sti=omex Project Highlights Strategic Fertilizer Project: Odyssey recently formed a joint venture with Capital Latinoamericano (CapLat) to advance the development of a fertilizer project in Mexico’s Exclusive Economic Zone (EEZ). Phosphate is a critical input in fertilizer in demand globally, and this project is aligned with Mexico’s broader efforts to strengthen food and nutrition security. The partnership combines Odyssey’s subsea expertise with CapLat’s deep agricultural experience and both companies’ commitment to sustainability. The project contemplates a Mexico-based operating partner employing proven dredging techniques previously used in over 200 projects in Mexican waters. Cook Isla...

Net income: US$15.7m (up 193% from FY 2023). EPS: US$0.75 (up from US$0.27 in FY 2023). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Odyssey Marine Exploration shares are down 12% from a week ago. What about risks? Every company has them, and we've spotted 6 warning signs for Odyssey Marine Exploration (of which 4 are potentially serious!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.