Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of strategic minerals that provide solutions to global challenges, today announced that it has secured additional funding through the exercise of investor stock purchase options sufficient to fully fund the company's operations for the remainder of the year.
"This new capital strengthens Odyssey's financial foundation and positions us to execute on our strategic initiatives, with funding secured through at least the remainder of 2025," said Mark Gordon, Chairman and Chief Executive Officer of Odyssey Marine Exploration. "The continued support from our partners underscores their confidence in our near-term plans and long-term growth trajectory. These transactions strengthen our balance sheet and enable us to advance key priorities—including current initiatives and new growth opportunities."
"We're very encouraged by the growing momentum in United States offshore critical mineral development, underscored by the recent Executive Order supporting efforts to strengthen domestic supply chains through this emerging industry. We view this as meaningful progress—not just in the U.S., but also for jurisdictions around the world seeking to responsibly explore their offshore resources," continued Gordon.