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TAMPA, Fla. - Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a pioneer in deep-ocean exploration, has announced its readiness to support the new Executive Order aimed at boosting America’s offshore critical minerals and resources. The company, with over three decades of experience in ocean exploration, sees this policy as an affirmation of the ocean’s potential for essential resources, particularly as global demand for such materials increases. The company’s stock has shown remarkable momentum, surging over 250% in the past week alone, according to InvestingPro data, suggesting strong market confidence in its strategic positioning.
The Executive Order emphasizes the acceleration of U.S. capabilities to explore, collect, and process seabed minerals that are crucial for defense, clean energy, and advanced manufacturing sectors. Odyssey’s expertise and active projects in mining battery metals and phosphates align with these national interests.
Odyssey’s experience spans over 24,000 hours of seabed mapping and project development in deep-sea environments, up to 6,000 meters deep. This expertise positions the company to play a significant role in advancing the U.S.’s offshore mineral strategy, in line with the Executive Order’s directives.
The company has established strong partnerships with governments, industry, and academic institutions, furthering its capabilities to support the U.S. in this strategic initiative. Odyssey’s proprietary research has identified prospective mineral targets, many within U.S. waters, which are now set to take priority.
On April 25, 2025, Odyssey took steps to maintain financial flexibility, confirming that it has no immediate plans to issue securities under its effective shelf registration statement. With a current market capitalization of $44 million and analysts forecasting significant revenue growth of over 200% for FY2025, the company has prepared for the possibility of future offerings, which would be detailed in a prospectus supplement at the time of any such offerings. InvestingPro analysis reveals the company maintains a FAIR financial health score, with 14 additional key insights available to subscribers.
In addition to the shelf registration, Odyssey has proposed a potential reverse stock split and an increase in authorized shares to ensure compliance with Nasdaq’s minimum bid price requirement and to support the company’s business and financial purposes, subject to stockholder approval.
The company’s current operational funding and the flexibility provided by the shelf registration prepare it to seize opportunities that may arise from the Executive Order. As a U.S. public company in the seabed mineral development industry, Odyssey is uniquely positioned to contribute to responsible seabed mineral development while aiming to create long-term value for stakeholders and partners. With a beta of -0.09, the stock typically moves independently of broader market trends, offering potential portfolio diversification benefits. Get comprehensive financial analysis and real-time alerts with InvestingPro.
The information in this article is based on a press release statement.
In other recent news, Odyssey Marine Exploration Inc. has regained compliance with Nasdaq’s financial requirements, meeting the minimum net income standard. This follows an annual report showing a net income of $6,247,129, which allowed the company to satisfy Nasdaq’s criteria. Despite this achievement, Odyssey Marine still needs to meet the $1.00 minimum bid price requirement by May 5, 2025. Additionally, Odyssey Marine has appointed Larissa Pommeraud, a sustainability expert, to its Board of Directors. This appointment aligns with the company’s commitment to responsible mineral exploration and environmental sustainability. Meanwhile, TMC the metals company could benefit from a potential executive order by President Donald Trump aimed at promoting the deep sea mining industry. The order is expected to encourage the development of essential mineral deposits, which is central to TMC’s operations. These recent developments highlight the evolving landscape for companies involved in ocean exploration and mineral extraction.
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