Odyssey Marine amends JV agreement for Mexico fertilizer project; termination only by mutual consent

ODYSSEY MARINE EXPLORATION INC

Entered amended and restated JV agreement with CapLat for Don Diego phosphate project in Baja California Sur.
Termination requires mutual consent; parties eliminated termination fees that existed in original agreement.
Closing effective upon execution; mining concession assignment condition precedent deemed fulfilled.
Odyssey's obligation to provide services to Phosagmex limited in duration.
Progress includes restored mining concessions, completed initial capital contributions, and substantially completed MIA application.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ODYSSEY MARINE EXPLORATION INC amended Restated JV Agreement with Capital Latinoamericano, S.A. de C.V. and Phosagmex, S.A.P.I. de C.V. (effective 2026-02-27).

Action: amendment
Agreement: collaboration
Counterparty: Capital Latinoamericano, S.A. de C.V. and Phosagmex, S.A.P.I. de C.V.
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, the Company, certain of its affiliates, CapLat, and Phosagmex entered into an amended and restated JV Agreement (the “Restated JV Agreement”).

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Source: SEC EDGAR

accession 0001193125-26-083261

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