Over the past 2,000 years, mankind has nearly exhausted the mineral resources available to mine on the 30% of earth’s surface that’s dry. As the worldwide population continues to grow exponentially, it’s crucial to explore alternative methods of extraction of these much-needed resources. After all, they’re vital to building societies’ infrastructure and feeding the population.
Deep below the ocean’s surface lies billions of dollars’ worth of gold, copper, zinc, phosphate, and other precious commodities.
The technology we have today for offshore mineral mining is far superior and more cost effective than anything we had before. And we’re simply adapting existing technology faster, accelerating the attractiveness of seafloor mining. The same methods used in ocean dredging for many decades are already applied globally in seafloor aggregate and diamond mining.
Thankfully, now these valuable assets are readily findable and accessible through robotic technology that allows us to extract these deep-ocean mineral resources in an economical and environmentally sensitive way.
We believe that community stakeholders are equally important to project success as our operational and technical partners.
Our community consists of stakeholders near our corporate office and license areas. We aspire to build and sustain a trusted relationship with these community stakeholders in order to earn and maintain a social license to operate. We work to achieve this through engaging with the community, local job creation, training and development, as well as being mindful of potential adverse impacts. Our actions are guided by our Code of Conduct, including our anti-bribery and corruption policy, as well as applicable laws.
Engaging with, and managing potential impacts on, local communities is an important part of our work. As we seek to minimize and mitigate interference with stakeholders’ interests we also aim to resolve any issues relating to offshore activities while achieving the stated goals of the work plan and license. Odyssey will always act – and require our contractors and employees to act -- in accordance with applicable laws, our Code of Conduct, and with honesty and integrity to account for any adverse direct or indirect impacts and its consequences. We have also instituted a formal grievance mechanism which is reported to the board and the General Counsel.
Volunteering and service work
The Odyssey team dedicates time to our commitment to community through volunteer and service work for local marine communities as well as international organizations dedicated to the preservation of the ocean, including CEO Mark Gordon’s service as a Board Member of the non-profit organization Marine Applied Research and Exploration. While in-person volunteering over the past two years has been a challenge due to COVID-19, past projects have included volunteering with Tampa Bay Watch to build artificial reefs to improve the water quality and regenerate sea life in the Tampa Bay estuary, as well as providing speakers to educate youth on the importance of ocean research and exploration.
We value and engage communities.
Our community stakeholders include the host governments and communities where we conduct our operations as well as those closer to home.
Engaging with and managing our impacts on host communities builds trust and is important to the success of our projects.