We hosted a fireside chat with CEO and Chairman of the Board of Directors Mark D. Gordon on June 13, 2024. This report contains a transcript of the conversation, which can be accessed on demand. Link is accessible in our full report. Getting current with SEC. Changing auditors in mid-2023 resulted in the re-evaluation of certain items, such as the accounting treatment of NAFTA litigation-related expenses that necessitated restatements of the balance sheet and caused OMEX to delay its 3Q23, 10K, ...
Catching up with financial filings. Last Friday, OMEX released its delayed 10-K report for 2023, bringing it back in compliance with SEC filing requirements, and followed it up with Monday’s release of its 10-Q report for 1Q24. The delayed filings were necessitated by the decision to restate certain balance sheet items, such as OMEX’s litigation financing, which has been reclassified as a derivative liability under GAAP, as well as other balance sheet adjustments that had no adverse effect on it...
Industry needs batteries and batteries need metals. As numerous studies have concluded, even with slightly slower than previously anticipated growth in EV adoption and renewable energy (wind and solar) buildout, demand for metals going into lithium batteries is expected to exceed current estimates for said metals’ production as early as 2026-28. The implied need to find and develop sufficient new resources of these metals to satisfy the expected demand has become a major focus for battery and au...
Government support is crucial to development. We recently had an opportunity to speak with Hans Smit, CEO of Ocean Minerals LLC (OML), about the battery metals resource the company is developing in Cook Islands. Its government was the first in the world to publish deep-sea mining regulations in 2009 and remains supportive of developing an environmentally responsible deep-sea mining industry in the country to help diversify its revenue stream from international aid and tourism, while contributing...
We hosted a fireside chat with Chief Executive Officer and Chairman of the Board of Directors Mark D. Gordon. This report contains a transcript of the fireside chat from October 12, 2023, which can be accessed on demand. Deep roots and unique capabilities. Odyssey Marine Exploration, Inc. is a company with nearly 30 years of experience exploring and recovering deep-sea sites, amassing more than 24,000 hours of deep-sea experience, and exploring more than 74,000 square kilometers of the seafloor ...
Initiating coverage of Odyssey Marine Exploration (OMEX), a pioneer in deep-ocean exploration that has pivoted away from exploring shipwrecks and is now using the vast experience accumulated over decades of undersea work to discover, validate, and develop subsea deposits rich in critical metals and minerals that are beneficial to society, including polymetallic nodules containing metals critical to battery production and phosphate, an important fertilizer component. It’s all over but the waiting...
A director at Odyssey Marine Exploration Inc sold 59,138 shares at 3.044USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Odyssey Marine Exploration Expands and Strengthens Team Christopher E. Jones Appointed as CFO TAMPA, Fla., June 15, 2021 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, validation and development of subsea mineral deposits in an environmentally responsible manner, has expanded its executive and legal teams in support of the company’s key strategic goals. On June 14, 2021, the Odyssey Board of Directors appointed Christopher (Chris) E. Jones as Chief Financial Officer and re-appointed Jay Nudi as the company’...
Odyssey Marine Exploration Reports First Quarter 2021 Results TAMPA, Fla., May 17, 2021 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, validation and development of subsea minerals deposits in an environmentally responsible manner, reported results for the first quarter ended March 31, 2021, and provided an update on current projects and future plans. “In 2020 we set and achieved a series of ambitious goals. Building on this momentum, we have outlined a series of new goals for 2021, focused on increasing the ...
Odyssey Marine Exploration Reports Full Year 2020 Results and Updates Current Projects TAMPA, Fla., March 31, 2021 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, validation and development of subsea minerals deposits in an environmentally responsible manner, reported results for the full year ended December 31, 2020, and provided an update on current projects and future plans. “While 2020 was challenging for companies around the globe due to the COVID-19 pandemic, the Odyssey team was able to achieve, and in ...
Odyssey Marine Exploration’s First Memorial in NAFTA Case Published TAMPA, Fla., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, has been notified that the First Memorial filed by Odyssey in September 2020 in its pending North American Free Trade Agreement (NAFTA) case against Mexico has now been published by the International Centre for Settlement of Investment Disputes (ICSID) and is available on its website at . The Memorial is also available o...
Odyssey Marine Exploration Prepared for Strong 2021 with Increased NAFTA Funding and 2020 Successes TAMPA, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, has secured up to an additional $10 million to support its pending North American Free Trade Agreement (NAFTA) claim against Mexico and provided an update on the successful execution of Odyssey’s 2020 business plan objectives. The NAFTA claim relates to the unlawful denial of the environm...
Odyssey Marine Exploration Reports Third Quarter 2020 Results TAMPA, Fla., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, reported results for the third quarter ended September 30, 2020, and provided an update on current company operations and projects. The key focus of Odyssey’s project operations team continues to be the Exploraciones Oceánicas (ExO) Phosphate Project in Mexico, which can provide access to a critical resource needed to produ...
Odyssey CEO Mark Gordon to Deliver Keynote and Investor Presentation at The LD 500 Virtual Investor Conference August 31 and September 3 TAMPA, Fla., Aug. 31, 2020 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a deep-ocean exploration pioneer engaged in the discovery, development and extraction of deep-ocean minerals, today announced that Chairman and CEO Mark Gordon will deliver a keynote presentation at 12:30 pm EDT today and an investor presentation on Thursday, September 3 at 11:40 am EDT at The LD 500 virtual investor conference. Registration is free and availa...
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