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Stock impact report

Odyssey Marine Exploration Provides Update on Business Plan Progress

Odyssey Marine Exploration, Inc. (OMEX) 
US:NASDAQ Investor Relations: ir.odysseymarine.com/investor-relations
Company Research Source: GlobeNewswire
TAMPA, Fla., June 19, 2019 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, reported progress on the execution of the company’s business plan. Odyssey’s business plan focuses on developing subsea mineral assets to create and realize near-term and long-term value. The company is actively expanding its subsea mineral portfolio through development of new projects, acquisition of mineral rights/deposits and through a leveraged contracting model that allows value to be realized in deep-sea mineral projects through the provision of our expert services. These assets are being advanced up the value creation curve which provides opportunities to monetize them through the sale of stakes in these individual assets at any stage of development. An example of this is Odyssey’s sale of a percentage of our Mexican phosphate project for $27.5 million at an early stage of its development prior to the resource assessment. The manag Show less Read more
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