Odyssey Marine submits request for lease sale
Odyssey Marine's Lease Request: Odyssey Marine has submitted an unsolicited request for lease sale of marine mineral exploration rights to the U.S. Department of the Interior's Bureau of Ocean Energy Management, marking a significant step under the Outer Continental Shelf Lands Act of 1953.
Proposed Lease Area: The proposed lease area is located off the Mid-Atlantic coast and is believed to be rich in heavy mineral sands containing titanium, zirconium, rare earth elements, and phosphate, which are essential for U.S. national defense and manufacturing.
Importance of Materials: The materials sought through this lease are critical for various sectors, including aerospace, electronics, medical devices, and agriculture, thereby supporting U.S. manufacturing and food security.
Coastal Resiliency Support: The recovery process of offshore sand and gravel resources from this exploration could also contribute to coastal resiliency efforts.
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Deep-Sea Mineral Resources Emerge as National Security Issue
- Market Demand Surge: The global critical minerals market is projected to grow from $328 billion in 2024 to $494 billion by 2030, indicating long-term demand backed by policy support, which attracts investor interest in deep-sea mineral development.
- Deep-Sea Exploration Initiative: Deep Sea Minerals Corp. welcomes NOAA's deep-sea mapping initiative near American Samoa, aimed at collecting high-resolution seabed data to establish a scientific foundation for future mineral development, enhancing the company's competitive edge in the deep-sea mining sector.
- Strategic Investment Opportunities: As geopolitical competition intensifies, the U.S. and allied nations are focusing more on deep-sea mineral resources, with TMC submitting a 65,000 km² exploration application to NOAA, marking the first consolidated application in the industry.
- Technological Innovation Drive: Kraken Robotics announced $35 million in battery sales, with SeaPower batteries offering 200% greater energy density and 46% less weight, enhancing unmanned underwater vehicle capabilities and driving growth in defense and commercial applications.

Critical Minerals Emerge as National Security Concern
- National Security Focus: Critical minerals such as lithium, nickel, and cobalt are not only essential for electric vehicles and batteries but are also viewed as national security issues, prompting governments to intensify their focus on securing reliable supply sources, thereby driving long-term stable market demand.
- Deep-Sea Mineral Development: Deep-sea minerals like polymetallic nodules, rich in nickel and cobalt, are attracting investors and strategic partners, with expectations to alleviate supply shortages and reduce dependence on geopolitically risky regions, highlighting their strategic significance.
- Market Growth Outlook: The global critical minerals market is projected to grow from $328 billion in 2024 to $494 billion by 2030, reflecting that policy support and technological advancements will drive long-term growth in the sector.
- NOAA Mapping Initiative: The National Oceanic and Atmospheric Administration (NOAA) has launched a deep-sea mapping initiative aimed at collecting high-resolution seabed data to provide a scientific foundation for future mineral development, demonstrating the government's commitment to deep-sea mineral resources.









