other material
confidence high
sentiment positive
materiality 0.80
Seafarer Exploration receives USACE permit for Juno Beach shipwreck site
SEAFARER EXPLORATION CORP
- USACE issued a fully executed 5-year Letter of Permission dated Jan 11, 2024 for Juno Beach project.
- Seafarer also holds an Admiralty in Rem claim, FDEP permit, and easement, giving exclusive rights to operate.
- Company recovered a silver coin from the site in 2023, minted between 1554-1572 (Carlos and Joanna mint).
- Secured $1M debt financing at 6% interest with balloon payment to support operations.
- Two fully operational vessels and seasoned archaeological team ready for full mobilization.