Odyssey Marine Exploration (OMEX) Conference Transcript

Summary of Conference Call for Odyssey Marine Exploration (OMEX) and Metals Inc. Odyssey Marine Exploration (OMEX) Industry Overview - Odyssey Marine Exploration operates in the ocean exploration sector, focusing on sustainable discovery of critical minerals from the seafloor, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers [1][3] - Recent US policy shifts and investments in the sector are creating significant opportunities for companies like Odyssey [3][6] Company Developments - Odyssey has improved its balance sheet, raising over $8 million in working capital and reducing outstanding debt by over 53% through conversions of debt by long-term investors [5] - The company has a diversified portfolio of projects, mitigating commodity and geopolitical risks [4] - Odyssey is one of only two US-listed companies providing exposure to the seafloor mineral sector [3] Strategic Partnerships and Projects - The company has a partnership in a Mexican phosphate project, which is crucial for food security in Mexico and the Americas [12] - In the Cook Islands, Odyssey has investments in two out of three license holders, with significant mineral resources estimated at 12 billion wet tons of polymetallic nodules [10][11] - The company is well-positioned to capitalize on recent US government initiatives to acquire critical minerals, including a $1 billion federal funding proposal [6][7] Investment Opportunity - The potential value of Odyssey's projects is estimated between $700 million to $1.4 billion, significantly higher than its current market cap [16] - The company is actively pursuing opportunities in the Cook Islands and Mexico, with expectations of progress reports in the fall [13][14] Metals Inc. Company Overview - Metals Inc. is focused on discovering and developing large copper and gold deposits, with a market cap around $65 million [30][47] - The company has outperformed relevant ETFs, with a 284% increase year-to-date [29] Project Highlights - Active projects include the Superblock and Bellas Gate projects in Jamaica, and the Khaleesi project in Peru [33][35][41] - The Superblock project is being drilled in collaboration with a neighboring company, while the Bellas Gate project is fully funded by Freeport McMurray [34][35] - The Khaleesi project is fully permitted and set to begin drilling, with significant copper grades identified in soil samples [41][44] Strategic Approach - Metals Inc. maintains a disciplined strategy focused on copper and gold assets, with over 65% of shares held by insiders and institutional investors [30][31] - The company aims to build district-scale properties and gather technical data to inform decisions on asset divestment or partnerships [32] Future Outlook - The company is positioned for significant news flow regarding drill assays and project developments in the coming months [48] - The strategic partnerships and funding arrangements are designed to minimize equity dilution while advancing projects [47]