Mike Malouf

Mark Argento

Paul Rankin

Robert Evans

Scott Vincent

- Odyssey Marine Exploration (OMEX) highlights a strong macro environment for seafloor critical minerals, supported by **U.S. government initiatives** allocating **$1 billion to $5 billion** for critical mineral acquisition.  **[798528_2157850_1]** 
- The company's financial situation has improved, with **$2.4 million** of debt recently converted to equity, bringing the year-to-date total to **$12 million** (approximately **60% of original debt**), and OMEX is **funded into 2026**.  **[798528_2157850_2]** 
- OMEX holds interests in a diversified portfolio of projects, including a **35% stake** in the FOSACMEX Mexican phosphate project, valued internally at **$1.3 billion**, and stakes in Cook Islands polymetallic nodule projects (OML and CIC) with estimated resource Net Present Values of **$4.7 billion** each.  **[798528_2157850_2]** **[798528_2157850_3]** 
- Key project advancements include the deployment of sophisticated tools in the Cook Islands for environmental data gathering and a new **U.S. government and Cook Islands government cooperation agreement** for exploration work.  **[798528_2157850_2]** **[798528_2157850_4]**

ODYSSEY MARINE EXPLORATION (OMEX)