Human remains, believed to be from the Titanic tourist submersible that imploded, have been found and recovered by the US Coast Guard.

The vessel had gone missing while exploring the Titanic on June 18th.

Authorities are now planning to conduct a thorough analysis of the recovered remains with the help of medical professionals.

Authorities are currently in the early stages of investigating the cause of the Titanic submersible disaster. The US Coast Guard's Marine Board of Investigation (MBI) will transport the collected evidence to a US port for further analysis and testing.

MBI Chair Captain Jason Neubauer expressed the need for thorough work to understand the factors that led to the catastrophic loss of the Titan and to prevent similar tragedies in the future.

"I am grateful for the coordinated international and interagency support to recover and preserve this vital evidence at extreme offshore distances and depths," he continued.

Recent images show fragments of the vessel being retrieved from the water after a debris field was discovered by search teams. When the submersible went missing, there was reportedly only 96 hours of emergency oxygen on board, which unfortunately ran out.

The passengers on board during the incident have been identified as OceanGate CEO and co-founder Stockton Rush, British billionaire Hamish Harding, French diver and Titanic expert Paul-Henry Nargeolet, and father and son Shahzada and Suleman Dawood.

OceanGate shared in a statement: "We now believe that our CEO Stockton Rush, Shahzada Dawood and his son Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet, have sadly been lost."

"These men were true explorers who shared a distinct spirit of adventure, and a deep passion for exploring and protecting the world's oceans."

"Our hearts are with these five souls and every member of their families during this tragic time."

"We grieve the loss of life and joy they brought to everyone they knew."

"This is an extremely sad time for our dedicated employees who are exhausted and grieving deeply over this loss."

"The entire OceanGate family is deeply grateful for the countless men and women from multiple organizations of the international community who expedited wide-ranging resources and have worked so very hard on this mission."

"We appreciate their commitment to finding these five explorers, and their days and nights of tireless work in support of our crew and their families."

"This is a very sad time for the entire explorer community, and for each of the family members of those lost at sea."

"We respectfully ask that the privacy of these families be respected during this most painful time."