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.
Our passion for the ocean is as deep as the depths we explore.
We are explorers and innovators at work. We are sailors, scuba divers, fishermen and swimmers at heart. It is in the Odyssey DNA - we are drawn to the sea for its energy, our recreation and our livelihoods.
Our passion for the ocean is reflected in our personal and corporate commitment to the wellbeing of the ecosystem and the surrounding community. The home office has taken steps to eliminate single-use products as part of our effort to enact environmentally responsible practices in every part of our operations. The Odyssey team dedicates time to this commitment 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.
The ocean is not just where we work. It is where we see the future and part of our responsibility is to protect it.
We will not proceed with a project unless world-class environmental science supports that the mineral resource(s) can be recovered in a sustainable, environmentally responsible way.
We employ and partner with industry leading deep-ocean scientists, environmental specialists and engineering professionals that are involved in every step of the process as we develop our projects. The environmental aspects of each project remain at the forefront of the strategic and tactical decision-making processes in all of our work. We design and execute project plans that include characterizing the environmental setting to help understand the areas in which we work, mitigation strategies to minimize environmental impact and we also work with local community groups and governments transparently and collaboratively from the very inception of a project.
Before proceeding to operations, it is important to ascertain the characterization of the environment to set a baseline that will drive the mitigation strategies to minimize environmental impact. To ensure our approach in line with this leading global standard, our projects are conducted under the supervision of a Chief Environmental Scientist for environmental management, and a Qualified Person (QP) to assure mineral resource confidence.
The International Seabed Authority (ISA) has established protocols and recommended avenues for the baseline studies and Environmental Impact Assessments (EIA) through a transparent process and multi-stakeholder approach, setting a world-recognized standard for deep-water EIA requirements. In the course of our work, we intend to follow, at a minimum, the most up-to-date ISA standards for environmental baseline studies and EIA development.
We encourage the QP of any of our projects to describe mineral resources through the Canadian NI 43-101 framework. This framework was selected because it has been under constant evaluation, improvement and review for more than 15 years, it is familiar to mining companies and investors worldwide, and it is compliant with the existing international standards for the reporting of mineral resource assessments. Developing a mineral resource report within this framework requires a QP with sufficient knowledge and experience to define the resource, adding veracity to the reported mineral endowment of a project. The reported finding are presented back to relevant government officials and any group doing certified marine scientific research for the betterment of the nation where the project takes place. This process allows high-confidence project planning to occur so mineral resources can be considered in concert with sustainable, mitigated environmental impacts and viable engineering solutions. If a nation providing mineral exploration or mining licenses prefers, reporting can be modified to reflect Joint Ore Reserves Committee (JORC) standards.
We are In It Together
We are fortunate to make a living working at sea. We also know our work area is the home and livelihood of many other sea users. With the help of trusted local experts and public input, we will take a proactive approach to communicate the data and information needed to develop an informed view of impacts, consequences and merits of seabed mining and exploration activities. This would include, but is not limited to, stakeholder meetings, the development of Non-Technical Summaries and materials on each project and employing local businesses and people during project operations.
Odyssey employees volunteering with Tampa Bay Watch to build artificial reefs to improve the water quality and regenerate sea life in the Tampa Bay estuary.