Odyssey Marine Exploration


Primary ticker: NASDAQ:OMEX
Stage of development: Exploration
Primary minerals: Battery Metals
Project to promote: Cook Islands Polymetallic Nodule Projects
Project location: Cook Islands
Website: www.odysseymarine.com

Odyssey Marine Exploration, Inc. (Nasdaq: OMEX) is a deep-ocean exploration pioneer engaged in the discovery, validation, and development of subsea mineral resources. The company focuses on exploring polymetallic nodules (battery metals to power the future) and subsea phosphate deposits (fertilizer to feed the future), which we believe will benefit society now and in the future. The company provides marine services for private clients and governments interested in exploring their Exclusive Economic Zones to survey, map, and identify potential mineral resources and has several projects in various stages of development worldwide. Odyssey’s projects are developed with partners who share our commitment to sustainable and environmentally sound solutions. For additional details, please visit www.odysseymarine.com.

Debt: USD46.7M


Major shareholders:
Fourworld Capital Management LLC – 10%
Epsilon Acquisitions LLC – 8.74%
Kairos Capital Management, L.P. – 8.64%
Kenneth Fried – 6.07%
Mark Justh – 2.07%
Management ownership – 10.57%

Management Profile

Christopher E. Jones – CFO
Christopher E. Jones is an investment strategy professional with over 20 years of experience concentrated in international business development, finance, sell-side and buy-side investment banking, investor relations, and operational finance. He also has experience as a consumer analyst with over 15 years covering the consumer discretionary sector. Mr. Jones joined Odyssey in 2021 as the Chief Financial Officer.


What is your rationale for taking part in 121 Mining Investment?

Building awareness within the mining and investment community about Odyssey and its respective projects and raising development capital

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Raise $7M of project investment for projects in Cook Islands (Co, Ni, Cu) and Brazil (P)

12 Months:
Raise $7M of project investment for projects in Cook Islands (Co, Ni, Cu) and Brazil (P)

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Typical mining development, including completing environmental permitting process
Executing Trial mining within the next 18-24 months.

What do you think makes your company such a compelling investment?

The cobalt resource in the Cook Islands will be larger than any existing cobalt reserve on the planet today. It would provide certainty of resource, while also providing a source that isn’t as questionable as cobalt from the DRC. The extraction would be done is a far less impactful way than the 10-15 incremental terrestrial mines that would be necessary to achieve a similar sized resource.

What are the top 3 key investor takeaways?

Highly valuable resource that has the necessary social license from the Cook Islands and its people, to proceed.
CAPEX requirements are materially below those of terrestrial mining
Nodules once extracted can be delivered to processors all around the world, allowing project to retain commercial tension and no be beholden to a particular jurisdictions labor/energy/regulatory requirements for downstream processing.