What To Know: The order directs federal agencies to streamline permits for seabed mineral extraction on the U.S. Outer Continental Shelf and in international waters under the 1980 Deep Seabed Hard Mineral Resources Act.
Based in Florida, Odyssey Marine is one of the few publicly traded U.S. companies with proprietary technology and expertise in deep-ocean mineral exploration. With projects in Mexico and the South Pacific long stalled by regulatory hurdles, the new directive could be seen as a game-changer.
By allowing companies to apply for permits directly through the National Oceanic and Atmospheric Administration, the U.S. bypasses the slower, UN-affiliated International Seabed Authority.
As demand for critical minerals like nickel, copper, and rare earths rises, the market may view Odyssey as a prime beneficiary of this domestic-first approach to resource development.
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How To Buy OMEX Stock
By now you're likely curious about how to participate in the market for Odyssey Marine – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Odyssey Marine, which is trading at $1.49 as of publishing time, $100 would buy you 67.11 shares of stock.
According to data from Benzinga Pro, OMEX has a 52-week high of $5.57 and a 52-week low of $0.27.
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