Odyssey Marine Exploration (OMEX) Soars 225% Amid US Deep-Sea Mining Policy Shift - Odyssey Marine Explr (NASDAQ:OMEX)

Odyssey Marine Exploration (OMEX) Soars 225% Amid US Deep-Sea Mining Policy Shift - Odyssey Marine Explr (NASDAQ:OMEX)

Shares of Odyssey Marine Exploration have surged 225% over the past week. The rally follows President Donald Trump's executive order aimed at jumpstarting the domestic deep-sea mining industry.

Trump administration sees deep-sea mining opportunity near American Samoa

In recent weeks, the Trump administration has found an opportunity in deep-sea mineral mining near the coast of American Samoa. After the signing of an executive order allowing the United States to take steps toward commercially mining the seafloor, the critical minerals located within the proximity of the islands have proven to be a significant opportunity for economic growth. Nickel and cobalt are two of the most valuable resources on the ocea…

A return to piracy of the oceans: U.S. Executive Order and TMC application to mine the deep sea

The Pacific Blue Line Collective1 and partners, condemn the recent Executive Order by the United States, to accelerate deep-sea mining (DSM) activities both within U.S. waters and in areas beyond national jurisdiction (ABNJ) under the 1980 Deep Seabed Hard Mineral Resources Act (DSHMRA), a US law which predates the United Nations Convention on the Law of the Sea (UNCLOS), to which the U.S. is not a state party. The post A return to piracy of the…