Our vessel services include: Pilot boat services (including pilot transfers) – M054 Compliant. Odyssey announced it discovered the shipwreck site in 2011 at a depth of 4700 meters with the recovery of 61 tons of silver. The British government would get the rest. The Spanish Civil Guard claims to be responsible for customs control and European Union borders in this region, under the EU Schengen Agreement. Using innovative methods and advanced technology, Odyssey Marine Exploration discovers, validates and develops subsea mineral deposits. Filing 21 AMENDED COMPLAINT against The Unidentified Shipwrecked Vessel filed by Odyssey Marine Exploration, Inc.. (Attachments: # 1 Sworn Statement of Greg Stemm - Part 1# 2 Sworn Statement of Greg Stemm - Part 2)(Von Spiegelfeld, Allen) COUNSEL TO REFILE LISTING PARTIES PROPERLY. Find the latest news headlines from Odyssey Marine Exploration, Inc. Common Stock (OMEX) at Nasdaq.com. TAMPA, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, has secured up to an additional $10 million to support its pending North American Free Trade Agreement (NAFTA) claim against Mexico and provided an update on the … [23] While waiting for Andalusia to appoint an archaeologist to participate in the Sussex expedition, the company began operations on the "Black Swan" excavation. CEO Mark Gordon also stated that the company would refocus on underwater mining, while shipwreck exploration would remain "part of the mix". Odyssey Marine Exploration, Inc. is an American company engaged in the salvage of deep-water shipwrecks. The UK Ministry of War Transport paid an insurance loss of approximately £325,000 at the time for silver bars lost with the ship. The ship's gold that is thought to remain on the ocean floor was valued at $760,000 in 1857 but worth millions today, according to Odyssey Marine Exploration Inc, a Tampa, Florida-based company, which won the contract to revisit the shipwreck. In March 2007, Andalusia gave its assent for the excavation to start with the condition that Spanish archaeologists take part in order to ascertain that the shipwreck to be excavated was indeed the Sussex and not a Spanish vessel. Sold assets included the company's headquarters building in Florida, 50% of underwater mining business Neptune Minerals and a profit-sharing agreement on future shipwreck salvages. In 2007, Odyssey Marine Exploration, Inc. (Odyssey) discovered the remains of a 19th Century Spanish vessel in international waters west of the Straits of Gibraltar. . There is a mounting global demand for base minerals as well as a need … In the meantime, Odyssey Marine Exploration was awarded the contract to salvage the wreck in 2014 and has been busily searching and recovering more treasure from the SS Central America. [43] The expedition led to the recovery of more than 15,500 gold and silver coins, 45 gold bars and hundreds of other gold nuggets, gold dust, jewelry and artifacts. In March 2013, Odyssey disclosed an ownership interest in Oceanica Resources, S. de R.L., and Exploraciones Oceanicas, S. de R.L. Their work has been featured on the Discovery Channel, PBS and National Geographic. BIG HAUL: In this photo provided by Odyssey Marine Exploration, Odyssey co-founder Greg Stemm, left, examines coins recovered from the “Black Swan” shipwreck with … [32] The Spanish court ruled that Spanish officials did not have proper authorization to board or search Odyssey's ship in 2007.[33]. For 25 years, Odyssey has delivered exceptional marine biology, sailing, and scuba diving opportunities through our unique leadership training programs. [21], Before Odyssey could complete Phase 1B of the Sussex project plan, it was stopped by the Spanish authorities, in particular the Junta of Andalusia in January 2006. This capital allowed the company to reimburse a $11.7 million bank debt. [31] In 2010, Odyssey's Captain Sterling Vorus was cleared of all charges by a court in Algeciras, Spain, relating to the blockade and boarding of the Odyssey Explorer. Odyssey filed a verified admiralty complaint in rem against the shipwrecked vessel and The company has also discovered several less famous shipwrecks of archaeological importance including one code-named “Blue China” a 19th Century trading vessel found in 2005 during the company’s search for the Republic. [15] Over 51,000 gold and silver coins were recovered from the site[16] as well as 14,000 artifacts. From pioneering archaeological excavations on historic shipwrecks and record breaking recoveries of cargo from modern shipwrecks to discovering valuable mineral deposits and natural resources, no one knows the deep ocean better than our team. Odyssey Expeditions offers incredible summer educational adventure camps for teens. [17] Six archaeological reports were written about the shipwreck project and two books were published, Lost Gold of the Republic and Bottles from the Deep. MAKE YOUR LIFE EXTRAORDINARY! At that time, the Spanish government claimed that they believed the site was in Spanish territorial waters. de C.V. (“ExO”), a subsidiary of Oceanica. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history including the SS Republic, "Black Swan", HMS Victory, and SS Gairsoppa. [27], On July 12, 2007, the Civil Guard seized the Odyssey Marine Exploration research vessel Ocean Alert 3.5 nautical miles (6 km) off the European coast. [22] In early June 2006, Odyssey provided clarification to Spain's Ministry of Foreign Affairs through the offices of the embassy of the United Kingdom. The company adhered to the project plan submitted and accepted by the Sussex Archaeological Executive, a committee of archaeological consultants approved by the UK Government. In 2010, the United Kingdom (UK) Government Department for Transport awarded Odyssey Marine Exploration an exclusive salvage contract for this cargo from the Gairsoppa. [18] PBS and National Geographic also aired documentaries on the discovery. This page on the Odyssey Marine Exploration's website, provides details on the ship … Modified on 8/7/2007 (RFM). In September 2002,[9] Odyssey reached an agreement with the British government on a formula for sharing any potential spoils, under which Odyssey would get 80 percent of the proceeds up to $45 million, 50 percent from $45 million to $500 million and 40 percent above $500 million. Odyssey performed all of the exploration to find and validate the mineralized phosphate deposit and is managing the environmental studies, including an NI 43-101 report in 2014, and environmental permit application process with ExO. The deep sea contains critical mineral resources that are becoming scarce and difficult to extract on land. Odyssey Marine is the world leader in deep-ocean shipwreck exploration, searching the globe's vast oceans for sunken ships with intriguing stories, extraordinary treasure and precious artifacts spanning centuries of maritime travel. [26] The Spanish Government has since conceded that claim and sought to claim the discovered treasure based on their belief that the Nuestra Señora de las Mercedes should be afforded sovereign immunity. Between 1998 and 2001, Odyssey Marine Exploration searched for HMS Sussex and stated that it believed it had located the shipwreck off Gibraltar at a depth of 821 metres. [7] This makes it one of the largest phosphate deposits to be discovered in the world. In 2009, Odyssey announced it acquired a minority interest in SMM Project LLC., a company with licenses to explore in four different areas in the South Pacific. It was later proved in trial that the recovered cargo was being carried by the Spanish frigate Nuestra Señora de las Mercedes, which sank off Portugal in 1804. [41] The expedition was the subject of a three part Discovery Channel docuseries called Silver Rush. The Odyssey Marine recovered 1,218 silver ingots weighing more than 40 tons which was valued to be over $210 million. Welcome to the world of shipwreck exploration. Odyssey Marine Exploration’s First Memorial in NAFTA Case Published, Odyssey Marine Exploration Prepared for Strong 2021 with Increased NAFTA Funding and 2020 Successes, Odyssey Reports Third Quarter 2020 Results, Subsea Mineral Exploration, Validation, Development. The company was poised to start the excavation in the late summer of 2003,[10] according to the approved project plan and engaged Gifford and Partners to assist with archaeological aspects,[11] but the project was delayed when Odyssey discovered and began excavating the SS Republic[12] which continued until early 2003.[13]. From a Civil-War era treasure ship to a World War II-era silver-laden steamship to Punic vessels dating before Christ and hundreds of other interesting ships with intriguing stories in between. Attorneys for Odyssey Marine Exploration asked the three-judge panel of the 11th Circuit Court of Appeals to uphold the “finders keepers” rule that would give the … Their work has been featured on the Discovery Channel, PBS and National Geographic. Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) is a deep-ocean exploration pioneer focused on the discovery, development and extraction of seafloor minerals in a responsible and profitable way. A U.S. federal judge awarded the treasure to Spain in December 2009, on the ground that the ship remained the property of Spain, but Odyssey appealed the ruling. Spain's culture minister indicated the treasure would be divided among several national museums. Lines boats / … Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the discovery, development and extraction of subsea mineral resources. Odyssey was authorized by HMG to complete phase 1B of the project. We believe that we can help transform societies and economies for generations to come by providing access to critically needed resources in an environmentally responsible way. Odyssey salvaged the U.S. Civil War era shipwreck of the SS Republic in 2003 and recovered over 50,000 coins and 14,000 artifacts from the site nearly 1,700 feet deep. As of 2009, Odyssey had completed Phase 1A (the non-disturbance survey) and a substantial portion of Phase 1B (trial excavation of the site believed to be HMS Sussex) to the satisfaction of the UK Government. [34] The cable showed that the US offered to help Spain recover the treasure in exchange for a painting housed in Madrid museum believed to have been stolen by the Nazi’s and belonging to a wealthy family whose decedent lived in California. [37] Odyssey then issued a statement recognizing that this case was unusual since it was the first time a court has made an order without accepting jurisdiction but that the court ruling has clarified the applicable law, which Odyssey is committed to respecting. Ocean Plundering Meets the 21st Century For several years, Ernesto Tapanes was a simple, ordinary “oceanography survey consultant,” doing contracting work for the treasure-hunting firm Odyssey Marine Exploration Inc. One spring day in 2007, however, his life abruptly changed when he discovered an anomaly off the coast of Gibraltar. [45], Artifacts recovered by Odyssey Marine Exploration are displayed in venues across the world, including a Virtual Museum,[46] which is free to the public. Odyssey Marine Exploration, Inc. is an American company engaged in deep-ocean exploration with a focus on the discovery, development and extraction of subsea mineral resources. [5] According to its latest financial report, Odyssey Marine Exploration controls ExO through the company's majority ownership stake in Oceanica. Official Shipwreck Store of Odyssey Marine Exploration. Greg Stemm, president of Odyssey Marine Exploration told The Times, "This is the major find of our time." [2] Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history including the SS Republic, "Black Swan", HMS Victory, and SS Gairsoppa. Not only did Odyssey Marine Exploration lose the legal battle with Spain over a boatload of treasure, but a federal judge has ordered the Tampa company to … "[28] The ship was ordered to sail to the Spanish port of Algeciras to undergo a search and inspection. According to the company’s website, they have various additional projects in development for other mineral deposits in various jurisdictions around the world. Odyssey then awaited final comments on the plan before resuming operations on the shipwreck believed to be that of the Sussex. Its goal for the 2008 season is extraordinary: to find and recover two of the greatest shipwreck treasures ever lost at sea. In addition to silver, 717 letters, the largest collection of mail found on any shipwreck worldwide, was recovered and archaeologically conserved from the shipwreck and are now on display at the Postal Museum in the UK. (in other words, Odyssey preposterously denies knowledge that the site is the site of the wreck of a vessel), denies that sufficient evidence exists to state a good faith belief as to the identity of a vessel related to the site . Odyssey’s first big treasure discovery came in 2003 when they found the Civil War-Era shipwreck of the SS Republic. Our project portfolio is diverse with deposits being researched and permits being secured in various jurisdictions around the globe. [4] Odyssey also owns a minority ownership stake in Neptune Minerals, a company focused on discovering and commercializing high-value mineral deposits from the ocean floor. Explore this extraordinary collection of artifacts - now available on your computer anywhere in the world, anytime.. Our expert team of researchers, scientists, technicians and archaeologists search the oceans of the world, recovering shipwreck treasures once thought lost forever. After a recent successful second dive, the company now says it has recovered 99% of all of the insured silver on the ship. Odyssey Marine Exploration Prepared for Strong 2021 with Increased NAFTA Funding and 2020 Successes November 16, 2020. In 2009, Odyssey Marine Exploration published an archaeological report on the Sussex project and the groundbreaking work they had completed to date.[24]. We discovered more shipwrecks than any other organization in the world, but we … Odyssey Marine Exploration is an innovative leader in deep-ocean exploration. [42], In 2014, Odyssey Marine Exploration was selected to salvage gold from the 1857 shipwreck of the SS Central America. Odyssey Marine Exploration, a world leader in private deepwater exploration and recovery, is gearing up for its most ambitious season of treasure hunting yet. ExO conducts mineral exploration and controls exclusive permits in an area in Mexican waters that contains a large amount of phosphate mineralized material. https://finance.yahoo.com/news/odyssey-marine-exploration-reports-full-124510753.html), "UnderwaterTimes.com | Odyssey Marine Exploration Acquires Stake In Venture To Pursue Exploration Of Deep-Ocean Gold And Copper Deposits", "Chatham Rock Phosphate Announces Survey Agreement with Odyssey Marine Exploration, Inc", "Investment Group Acquires 15% of Newly-Formed Mineral Venture From Odyssey Marine Exploration for $15 Million", "Odyssey Marine Exploration Quarterly Report", "Our Projects | Odyssey Marine Exploration - Deep Ocean Experts", "Odyssey Marine Exploration Expands Mineral Portfolio", Odyssey Engages Gifford and Partners for Deep Ocean Archaeological Excavation, Odyssey Concludes Atlantic Operations and Moves to Mediterranean, "Shipwreck Gold Found off U.S.—Worth $180,000,000? Your First Name: Your Email Address: The company moved forward with creating a photomosaic and recovering the remaining artifacts before further destruction occurred. Please update this article to reflect recent events or newly available information. Odyssey Marine Exploration, a company specializing in recovering cargo from sunken shipwrecks, launched a first operation to secure the treasure of precious metals in 2012. In 2011, the ship’s wreck was found by Odyssey Marine after searching for nearly two months. Our scientific adventures take us far below the surface to bring back amazing treasures to share on the Shipwrecks: Artifacts & Treasure website. [47] Pirates Treasure Museum in St Thomas, USVI, also houses many of the artifacts recovered by Odyssey.[48]. If you're looking for one-of-a-kind … . [3] This marked the beginning of Odyssey’s transition into a mineral exploration company. [19] When Odyssey returned to the site in 2005, extensive amount of post-wreck destruction caused by modern fishing trawl nets dragged over the site was noted. Marine minerals have the potential to contribute to a sustainable future with less environmental and social impact to our planet. In May 2007, the company announced the recovery of 17 tons of mainly silver and some gold coins from a site in an undisclosed location in international waters, which the company code-named the "Black Swan". Odyssey Reports Third Quarter 2020 Results Some believed that the shipwreck could be the Spanish frigate Nuestra Señora de las Mercedes,[25] which blew up and sank in the Action of 5 October 1804, but no definitive shipwreck hull or unique cargo was discovered to conclusively prove the theory. In July 2019, Odyssey acquired a nearly 80% ownership interest in Bismarck Mining Corporation, a company that owns an exploration license for 320 square kilometers containing at least five exploration targets in two different mineralization types (seamount-related epithermal and modern placer gold). The English ship sank in a storm in 1694 during the War of the Grand Alliance as it was transporting 10 tons of gold coins to buy the allegiance of the Duke of Savoy, Victor Amadeus II, against France. From a Civil-War era treasure ship to a World War II-era silver-laden steamship. Odyssey has made headlines by finding the most famous shipwrecks in history. Following the discovery, Odyssey brought the coins and artifacts recovered into the jurisdiction of the United States Federal Court by filing an admiralty arrest pursuant to admiralty law. Odyssey Marine Exploration has uncovered the biggest load of treasure ever recovered from a shipwreck: 61 tons of silver bullion. [40] Through a two year expedition, they recovered over 110 tons of silver ingots. [35] This particular deal did not go through. The program revealed that Odyssey discovered Admiral Balchin’s long-lost HMS Victory shipwreck that had eluded explorers for 265 years. In 2009, Odyssey Marine Exploration's searches were the subject of the Discovery Channel program, Treasure Quest. [38], In 2010, the UK Department for Transport awarded Odyssey Marine Exploration an exclusive salvage contract for the cargo from the SS Gairsoppa,[39] a steel-hulled British cargo steamship that was enlisted in the service of the United Kingdom Ministry of War Transport and sunk by a German U-boat on February 16, 1941, approximately 300 miles southwest of Galway, Ireland.
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