American Ocean Minerals Merges with Odyssey Marine Exploration in $1B All-Stock Deal

Deal Summary

American Ocean Minerals announced a roughly $1 billion all-stock merger with Odyssey Marine Exploration in 2026. The deal creates a US-controlled deep-sea mineral platform targeting strategic mineral projects in both EEZs and international waters. The merger was backed by fresh private placements and aims to accelerate deep-sea mining development.