Odyssey Marine Exploration Forms Joint Venture to Advance Strategic Fertilizer Project, Secures Funding, and Extends Debt Maturity

Autor: Odyssey Marine Exploration, Inc.
Zdroj: Business Wire (English). 12/26/2024.
Abstrakt: Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a global leader in ocean exploration, and Capital Latinoamericano, S.A. de C.V. (CapLat) have announced a joint venture (JV) to develop a strategic fertilizer project. Building on extensive research and validation of a high-quality phosphate resource within Mexico’s Exclusive Economic Zone (EEZ), the JV seeks to establish a private-public partnership with the Mexican government, promoting shared prosperity through sustainable agriculture that empowers farmers and strengthens local communities. The potential project seeks to contribute towards the food and nutrition security efforts currently pursued by Mexico as part of a broader food and agriculture self-sufficiency program initiative. [ABSTRACT FROM PUBLISHER]
Databáze: Regional Business News
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