BOEM Launches Formal Review of Odyssey Marine Exploration Offshore Mineral Lease Request

Reuters12-15

BOEM Launches Formal Review of Odyssey Marine Exploration Offshore Mineral Lease Request

Odyssey Marine Exploration Inc. has announced that the Bureau of Ocean Energy Management (BOEM), part of the U.S. Department of the Interior, has initiated a formal review process for the company's unsolicited request for a potential marine mineral lease sale in federal waters offshore Virginia. This regulatory review is a key step toward evaluating the mineral potential of the U.S. Outer Continental Shelf. Odyssey is collaborating with Great Lakes Dredge & Dock Corporation to provide dredging services if the project advances. The next stage in the process will be BOEM's publication of a Request for Information and Interest $(RFI)$ in the Federal Register to gather stakeholder input.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Odyssey Marine Exploration Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215724556) on December 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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