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Spanish authorities. Spain's culture minister indicated the treasure would be divided among several national museums. In
September 2013, a U.S. district judge further ruled that Odyssey had acted in "bad faith" and did incurred in "abusive litigation", should have recognized Spain's right, and should thus reimburse $ 1 million in Spain's attorneys fees. 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.
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next year. The purchase agreement allows
Odyssey to acquire a total of up to 40% of OML over the next 18 months at Odyssey’s discretion. Moana Minerals Limited, a wholly owned subsidiary of OML, holds a five-year exploration license from the Cook Islands Seabed Minerals Authority (SBMA) granted in 2022 to explore polymetallic nodules within the Cook Islands’ Exclusive Economic Zone (EEZ).
792:
Artifacts recovered by
Odyssey Marine Exploration are displayed in venues across the world, including a Virtual Museum, which is free to the public. The SHIPWRECKED Treasure Museum in Branson, MO, is home to over 500 artifacts recovered by Odyssey from different shipwrecks. Pirates Treasure Museum in
455:
On June 4, 2023, Odyssey entered into a purchase agreement to acquire a 13% interest in Ocean
Minerals LLC (OML) in exchange for a contribution by Odyssey of its interest in a 6,000-meter remotely operated vehicle (ROV) and cash contributions of up to $ 10 million in a series of transactions over the
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for $ 21 million. This capital allowed the company to reimburse a $ 11.7 million bank debt. 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. CEO Mark Gordon also stated
431:
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).
674:
showed that the US State
Department had been involved with negotiations to assist the Spanish government in receiving the treasure in exchange for the return of allegedly stolen artwork to a US private citizen. The US State Department declined comment while Spain denied Odyssey Marine's claim. The
514:
survey and around 2,500 underwater high-resolution images captured and used to create a photomosaic of the entire site. Over 51,000 gold and silver coins were recovered from the site as well as 14,000 artifacts. Six archaeological reports were written about the shipwreck project and two books were
411:
In March 2013, Odyssey disclosed an ownership interest in
Oceanica Resources, S. de R.L., and Exploraciones Oceanicas, S. de R.L. de C.V. (“ExO”), a subsidiary of Oceanica. ExO conducts mineral exploration and controls exclusive permits in an area in Mexican waters that contains a large amount of
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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. Finally, after a five-year legal battle, in February 2012 the U.S. Supreme Court ordered Odyssey Marine to relinquish the treasure to
416:
mineralized material. According to its latest financial report, Odyssey Marine
Exploration controls ExO through the company's majority ownership stake in Oceanica. Odyssey performed all of the exploration to find and validate the mineralized phosphate deposit and is managing the environmental
451:
In 2020, Odyssey announced it was a member of the CIC Consortium providing marine services to the project. The company holds a 16% stake in CIC. On February 23, 2022, CIC was awarded a five-year exploration license by the Cook Islands’ Seabed Mineral Authority (SBMA). Environmental research
534:. When Odyssey returned to the site in 2005, an extensive amount of post-wreck destruction caused by modern fishing trawl nets dragged over the site was noted. The company moved forward with creating a photomosaic and recovering the remaining artifacts before further destruction occurred.
647:. The Gibraltar Government stated that although this was a matter for the Government of Panama, they are "concerned that international shipping using Gibraltar port should be interfered with in this way in international waters." The ship was ordered to sail to the Spanish port of
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is an American company engaged in deep-ocean exploration with a focus on the exploration, development and extraction of subsea mineral resources. Starting out as a shipwreck pioneer, Odyssey has discovered some of the most famous deep-ocean shipwrecks in history, including
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In early June 2006, Odyssey provided clarification to Spain's Ministry of Foreign Affairs through the offices of the embassy of the United Kingdom and awaited final comments on the plan before resuming operations on the shipwreck believed to be that of the
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760:. Odyssey discovered the site at a depth of 4700 meters with the recovery of 61 tons of silver. Through a two year expedition, they recovered over 110 tons of silver ingots. The expedition was the subject of a three part
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557:. 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
768:. 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
587:
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 "
421:
report in 2014, and environmental permit application process with ExO. The current resource assessment defines the deposit as containing 588.3 million tonnes of phosphate ore with an average
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of Florida. In March 2011, it determined that it could find no evidence of a connection between the Black Swan case and the negotiations for the return of the artwork in question (a
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3.5 nautical miles (6 km) off the European coast. The Spanish Civil Guard claims to be responsible for customs control and European Union borders in this region, under the EU
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408:. 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.
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by filing an admiralty arrest pursuant to admiralty law. At that time, the Spanish government claimed that they believed the site was in Spanish territorial waters. The
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781:. 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.
541:. The company adhered to the project plan submitted and accepted by the Sussex Archaeological Executive, a committee of archaeological consultants approved by the
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545:. 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
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According to the company’s website, they have various additional projects in development for other mineral deposits in various jurisdictions around the world.
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near Gibraltar and that Spain therefore had no legal authority to board the vessel without the express consent of the flag state of the ship—in this case,
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there. 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
428:
of 18.1%, overburden of 1.14 meters and ore thickness of 2.80 meters. This makes it one of the largest phosphate deposits to be discovered in the world.
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and stated that it believed it had located the shipwreck off Gibraltar at a depth of 821 metres. The English ship sank in a storm in 1694 during the
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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
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Odyssey later executed a charter agreement with Chatham Rock Phosphate to undertake site investigation work for its offshore permit area on the
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1039:"Odyssey Marine Exploration Reports Full Year 2021 Results and Provides Updates on Global Portfolio of Ocean Mineral Resource Projects"
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Department of State's Office of Inspector General subsequently investigated the charges in response to a request by Representative
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667:. The Spanish court ruled that Spanish officials did not have proper authorization to board or search Odyssey's ship in 2007.
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1223:"Hawk Tolson, Ellen Gerth, and Neil Cunningham Dobson | Ceramics from the "Blue China" Wreck | Ceramics in America 2008"
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The company has also discovered several less famous shipwrecks of archaeological importance including one code-named “
1064:"Odyssey Marine Exploration Announces Partnership with Ocean Minerals LLC for a New Cook Islands Exploration Project"
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that the company would refocus on underwater mining, while shipwreck exploration would remain "part of the mix".
41:
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886:"Investment Group Acquires 15% of Newly-Formed Mineral Venture From Odyssey Marine Exploration for $ 15 Million"
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to undergo a search and inspection. Issues include the value and cultural significance of the shipwreck and the
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expedition details are being finalized and operations are expected to begin within the second quarter of 2022.
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Gregory Stemm, co-founder of Odyssey Marine Exploration, along with an archaeologist exploring a shipwreck site
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has since conceded that claim and sought to claim the discovered treasure based on their belief that the
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Following the discovery, Odyssey brought the coins and artifacts recovered into the jurisdiction of the
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and not a Spanish vessel. While waiting for Andalusia to appoint an archaeologist to participate in the
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601:, but no definitive shipwreck hull or unique cargo was discovered to conclusively prove the theory.
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Odyssey’s first big treasure discovery came in 2003 when they found the Civil War-Era shipwreck of
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In December 2005 Odyssey began an archaeological investigation of the site believed to be HMS
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In 2014, Odyssey Marine Exploration was selected to salvage gold from the 1857 shipwreck of
569:" excavation. In 2009, Odyssey Marine Exploration published an archaeological report on the
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Odyssey was founded in 1994 by shipwreck exploration pioneers Greg Stemm and John Morris.
8:
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859:"Chatham Rock Phosphate Announces Survey Agreement with Odyssey Marine Exploration, Inc"
401:. This marked the beginning of Odyssey’s transition into a mineral exploration company.
137:
Please help update this article to reflect recent events or newly available information.
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In December 2015, Odyssey announced the sale of part of its assets to a company called
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1758:"Day before bank loan due, Odyssey Marine sells part of business for $ 21 million"
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530:” a 19th Century trading vessel found in 2005 during the company’s search for the
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1303:"Spain suspicious over ÂŁ250m treasure haul - Europe, World - The Independent"
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720:. The program revealed that Odyssey discovered Admiral Balchin’s long-lost
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In January 2011, Odyssey Marine claimed that the language used in recently
510:. An extensive archaeological excavation was conducted that included a pre-
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1669:"Hundreds of personal letters from WWII shipwreck to go on show in London"
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St Thomas, USVI, also houses many of the artifacts recovered by Odyssey.
523:. PBS and National Geographic also aired documentaries on the discovery.
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Odyssey's ROV is deployed in the deep ocean to visit a mineral resource.
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In 2009, Odyssey Marine Exploration's searches were the subject of the
1805:"Shipwrecked Treasure Museum at Branson Landing in Branson Missouri |"
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1436:"Odyssey's Legal Team Wins Case in Spanish Court Over Blockaded Ship"
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1562:"Odyssey Marine ordered to pay Spain $ 1 million in Black Swan case"
1718:"Sunken 'Ship of Gold' Contains Bounty of Jewelry, Other Treasures"
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272:
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1264:"The HMS Sussex Shipwreck Project (Site E-82) Preliminary Report"
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591:". Some believed that the shipwreck could be the Spanish frigate
1695:"Odyssey Marine Exploration to salvage gold from 1857 shipwreck"
962:"Our Projects | Odyssey Marine Exploration - Deep Ocean Experts"
702:
The Odyssey crew inspects some of the silver recovered from the
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project and the groundbreaking work they had completed to date.
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In 2011, Odyssey announced it discovered the shipwreck site of
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Between 1998 and 2001, Odyssey Marine Exploration searched for
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1643:"Salvage company hauls 110 tons of silver from WW2 shipwreck"
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on February 16, 1941, approximately 300 miles southwest of
441:
1716:
September 2014, Stephanie Pappas 17 (September 17, 2014).
493:
of gold coins to buy the allegiance of the Duke of Savoy,
1390:— Ocean Alert Sails from Algeciras - Gibraltar Chronicale
490:
374:
1584:"HMS Victory and cargo of gold found in English channel"
1373:"Spanish Government concerned at Odyssey treasure find"
1285:"BBC World Service - Documentaries - What Lies Beneath"
1618:"Odyssey Confirms Discovery of SS Gairsoppa Shipwreck"
993:"Odyssey Marine Exploration Expands Mineral Portfolio"
623:
seized the Odyssey Marine Exploration research vessel
1340:"ODYSSEY VESSEL FORCED TO ALGECIRAS BY GUARDIA CIVIL"
576:
83:. Please help to ensure that disputed statements are
1089:"Shipwreck Gold Found off U.S.—Worth $ 180,000,000?"
1483:"WikiLeaks Cables Cited in Tale of Sunken Treasure"
727:shipwreck that had eluded explorers for 265 years.
444:deposits is currently being mined and processed by
440:where one of the world’s largest known terrestrial
1434:Inc, Odyssey Marine Exploration (August 3, 2010).
1252:ELPAIS.com, 24 March 2007. Retrieved on 2007-05-20
1144:"SS Republic Gold Coin Population Report Released"
991:Inc, Odyssey Marine Exploration (July 15, 2019).
884:Inc, Odyssey Marine Exploration (March 5, 2013).
690:
565:expedition, the company began operations on the "
133:may be compromised due to out-of-date information
1871:
1481:Severson, Kim; Brown, Robbie (January 6, 2011).
1261:
1715:
1326:- Spain Claims Sunken Treasure - TIME Magazine
744:that was in the service of the United Kingdom
1547:"Spanish treasure comes home after 200 years"
1480:
932:"Odyssey Marine Exploration Quarterly Report"
659:is also involved because Odyssey's vessel is
549:) to the satisfaction of the UK Government.
1741:: CS1 maint: numeric names: authors list (
811:"Wayback Machine has not archived that URL"
50:Learn how and when to remove these messages
1410:"Spain intercepts US ship in treasure row"
160:Learn how and when to remove this message
103:Learn how and when to remove this message
1615:
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639:who claim that the ship was detained in
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79:Relevant discussion may be found on the
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1217:
1215:
829:"About Us | Odyssey Marine Exploration"
616:should be afforded sovereign immunity.
1885:American companies established in 1994
1872:
1531:: CS1 maint: archived copy as title (
384:
369:. Their work has been featured on the
1756:Trigaux, Robert (December 16, 2015).
1424:
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1247:En busca del tesoro del 'HMS Sussex'
1212:
631:. This, however, is disputed by the
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1095:. December 29, 2003. Archived from
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13:
1311:. February 4, 2009. Archived from
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1880:Companies based in Tampa, Florida
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1560:Penn, Ivan (September 30, 2013).
597:, which exploded and sank in the
31:This article has multiple issues.
432:The license area is adjacent to
335:Odyssey Marine Exploration, Inc.
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175:Odyssey Marine Exploration, Inc.
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1616:CoinWeek (September 27, 2011).
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1416:. July 13, 2007. Archived from
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1262:Cunningam Dobson, Neil (2009).
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39:or discuss these issues on the
1905:1994 establishments in Florida
1890:Companies listed on the Nasdaq
1338:Reyes, Brian (July 13, 2007).
1077:https://www.moanaminerals.com/
1066:(Press release). June 5, 2023.
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938:. May 18, 2020. Archived from
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614:Nuestra Señora de las Mercedes
594:Nuestra Señora de las Mercedes
353:Nuestra Señora de las Mercedes
1:
1809:www.bransontreasuremuseum.com
1784:www.odysseysvirtualmuseum.com
1701:. May 5, 2014. Archived from
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653:disputed status of Gibraltar
7:
606:United States Federal Court
223:; 30 years ago
10:
1921:
1864:Odyssey Marine Exploration
936:Odyssey Marine Exploration
655:between the UK and Spain.
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489:as it was transporting 10
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746:Ministry of War Transport
517:Lost Gold of the Republic
487:War of the Grand Alliance
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672:leaked diplomatic cables
599:action of 5 October 1804
577:"Black Swan" controversy
1440:GlobeNewswire News Room
1345:The Gibraltar Chronicle
1195:"Republic Publications"
997:GlobeNewswire News Room
890:GlobeNewswire News Room
633:Government of Gibraltar
1420:on September 30, 2007.
863:Chatham Rock Phosphate
707:
619:On July 12, 2007, the
472:
417:studies, including an
394:
1371:h.b. (May 19, 2007).
1352:on September 27, 2011
1119:"Republic Operations"
748:and sunk by a German
701:
521:Bottles from the Deep
470:
392:
283:Christopher E. Jones
1590:. February 3, 2009.
1549:. February 24, 2012.
1414:Agence France-Presse
1315:on February 4, 2009.
1148:www.businesswire.com
1043:ir.odysseymarine.com
694:discovery and beyond
641:international waters
212:Deep-sea exploration
72:factual accuracy is
1866:(Official Web site)
1588:The Daily Telegraph
1513:on October 15, 2011
385:Mineral exploration
379:National Geographic
176:
1841:on August 10, 2020
1487:The New York Times
1466:has generic name (
1456:cite press release
1395:2012-03-12 at the
1099:on August 31, 2018
1023:has generic name (
1013:cite press release
916:has generic name (
906:cite press release
865:. December 7, 2011
764:docuseries called
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629:Schengen Agreement
610:Spanish Government
583:Black Swan Project
473:
395:
174:
1760:. Tampa Bay Times
1564:. Tampa Bay Times
1379:on June 21, 2007.
1308:Independent.co.uk
1227:www.chipstone.org
762:Discovery Channel
736:, a steel-hulled
712:Discovery Channel
495:Victor Amadeus II
371:Discovery Channel
332:
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277:John D. Longley (
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1837:. Archived from
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1780:"Virtual Museum"
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1675:. March 29, 2018
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835:. Archived from
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813:. Archived from
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786:Monaco Financial
665:Odyssey Explorer
438:Papua New Guinea
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267:Mark D. Gordon (
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1699:Tampa Bay Times
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1442:(Press release)
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1399:, July 19, 2007
1397:Wayback Machine
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999:(Press release)
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567:Black Swan
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263:Key people
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