Mexican federal court approves Odyssey’s offshore sulphate mining permit; others to benefit

The Mexican Superior Court issued a unanimous ruling this week in favour of Nasdaq-listed Odyssey Marine Exploration’s subsidiary Exploraciones Oceánicas (ExO), which overturned a previous denial of ExO’s environmental permit application to extract phosphate sand at its Don Diego project, in the Bay of Ulloa. Over the last 20 years, Odyssey has pioneered the exploration and development of seabed mineral resource deposits, integrating and developing ocean technology.