Odyssey Marine's merger partner AOMC receives NOAA review approval
American Ocean Minerals Corporation, or AOMC, which is undergoing a previously announced merger with Odyssey Marine Exploration, announced that the National Oceanic and Atmospheric Administration - NOAA - has determined that its wholly owned subsidiary AOM Area-1's consolidated application is in substantial compliance with applicable requirements under the Deep Seabed Hard Mineral Resources Act, or DSHMRA, allowing NOAA's formal environmental, public, and regulatory review to proceed. The DSHMRA provides the legal framework for U.S. companies to explore and recover deep-seabed minerals in international waters. AOM Area-1's application area comprises approximately 147,054 km across five non-contiguous subareas in the eastern-central Clarion-Clipperton Zone. The application area was selected following a review of publicly available ISA exploration contract areas, reserved areas, and Areas of Particular Environmental Interest and was designed to avoid overlap with those areas.
American Ocean Minerals Corporation, or AOMC, which is undergoing a previously announced merger with Odyssey Marine Exploration, announced that the National Oceanic and Atmospheric Administration - NOAA - has determined that its wholly owned subsidiary AOM Area-1's consolidated application is in substantial compliance with applicable requirements under the Deep Seabed Hard Mineral Resources Act, or DSHMRA, allowing NOAA's formal environmental, public, and regulatory review to proceed.
The DSHMRA provides the legal framework for U.S. companies to explore and recover deep-seabed minerals in international waters.
AOM Area-1's application area comprises approximately 147,054 km across five non-contiguous subareas in the eastern-central Clarion-Clipperton Zone.
The application area was selected following a review of publicly available ISA exploration contract areas, reserved areas, and Areas of Particular Environmental Interest and was designed to avoid overlap with those areas.