Two deep-sea mining companies have announced a merger that values their combined business at approximately one billion dollars – a deal that signals growing corporate and investor confidence in the commercial extraction of minerals from the ocean floor, and one that will draw immediate scrutiny from the scientific and conservation communities.
American Ocean Minerals Corporation (AOMC) and Odyssey Marine Exploration have entered into a definitive merger agreement, creating what they describe as a leading deep-sea critical minerals research and resource extraction platform.
