Odyssey Marine Exploration, Inc. · NASDAQ:OMEX
Odyssey Marine Exploration — Investor Presentation (May 2022)
37 slides from Odyssey Marine Exploration's investor presentation, May 16, 2022
Slide 1: May 2022 NASDAQ: OMEX
Exhibit 99.1 May 2022 NASDAQ: OMEX
Slide 2: Forward Looking Information
Forward Looking Information Odyssey Marine Exploration believes the information set forth in this presentation may include forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securitie
Slide 3: Table of Contents
Odyssey Marine Exploration (NASDAQ:OMEX) provides access to critically needed subsea mineral resources in an environmentally responsible way. We are developing a diverse portfolio of projects in various mineral sets and Table of Contents jurisdictions around the globe that can help the world transit
Slide 4: Q1 2022 Highlights
Q1 2022 Highlights NAFTA Litigation: ExO Phosphate • NAFTA hearing held January 24-29, 2022. • The NAFTA Tribunal heard directly from Odyssey, select experts, and witnesses. • Odyssey’s legal team also had the opportunity to cross-examine Mexico’s witnesses. • On May 10, 2022, one final witness, who
Slide 5: Q1 2022 Highlights Continued
Project Value Q1 2022 Highlights Continued License and Bankable PROJECT ADVANCEMENT: CIC Project (Polymetallic Nodules) Feasibility 2 • CIC granted exploration license for approx. 211,000 km in the Cook Islands’ EEZ. Study Accepted • Update: Working with CIC to mobilize for exploration operations to
Slide 6: Who is Odyssey?
NASDAQ: OMEX Who is Odyssey? • Global mineral exploration and development company ready to change the world by providing access to deep-ocean minerals. • Established leader in deep-ocean exploration since 1997. • Record-setting recoveries from shipwrecks up to 5,000 meters deep. • Began conducting m
Slide 7: Why Are We Here? The Odyssey Opportunity
Why Are We Here? The Odyssey Opportunity Multi-faceted event-driven opportunity for investors as Odyssey solidifies one of the largest collections of deep-ocean mineral claims in the world. Long-term investment thesis currently overshadowed by ongoing NAFTA litigation that could return between $0 an
Slide 8: The Challenge: The Race to Lower Emissions
The Challenge The Race to Lower Emissions 195 countries and the EU have signed or acceded to the Paris Agreement (2015) with a goal of significantly lowering carbon emissions by the year 2050. Electric Vehicles (EVs) are expected to make up over half of 1. passenger vehicle sales by 2040 Low-carbon
Slide 9: The Challenge: Population and Fertilizer Use
The Challenge World population and Fertilizer use Food Security Population Fertilizer use The world population will reach 9.7 billion people by 2050 - 1 nearly two billion more than the current population . 2 70% more food will be needed to feed the population . Fertilizer is required to increase cr
Slide 10: Solution: The Future is Deep
Solution Ocean Terrestrial Minerals Minerals The Future is Deep Percent of 75% 25% Earth's Surface Iron, Mg, Cu, Ni, Co, Au, REE, Ti, PI, P, O All Minerals Available Critical minerals currently being Prospecting Time 1-2 year 2-8 year mined on land are available in the USD $ 15-30M USD $10s of milli
Slide 11: What We Do: Value Creation
Project Value Mexico Phosphate What We Do PNG Gold Value Creation License and South American Bankable Phosphate Feasibility Increase value of mineral portfolio Study • Move projects through the development phases Accepted South Pacific Nodules • Develop new projects Environmental • Increase/acquire
Slide 12: ESG: Responsible Seafloor Exploration
ESG Responsible Seafloor Exploration At Odyssey, ESG factors are integrated into our core values, business strategy and approach. This helps us maintain a social license to operate, identify and manage risks and opportunities, and create long-term value for our shareholders. ENVIRONMENTAL GOVERNANCE
Slide 13: The Odyssey Advantage
The Odyssey Advantage Mineral and Geographic EEZs of Sovereign Nations ISA Project Developers (controlled by one country) Polymetallic The Area governed by the Nodules UN International Seabed (Battery Metals) Authority (167 member nations) Gold Phosphate (Fertilizer) 13
Slide 14: Odyssey's Diversified Mineral Portfolio
Odyssey’s Diversified Mineral Portfolio Geologically Project Portfolio Includes South America - Phosphate • Battery metals PNG - Gold • Phosphate • Gold Geographically • Focus on projects in the Exclusive Economic Zones (EEZs) of countries interested in utilizing their natural resources in the deep
Slide 15: Mineral Composition: Polymetallic Nodules
Mineral Composition Polymetallic Nodules What are We Extracting from the Nodules? High Demand for Minerals • 75kWh battery with NMC811 cathode chemistry + copper wire harness Nodules are enriched in metals on a percent of • Sample metal requirements for a single passenger EV (electric vehicles) weig
Slide 16: Mineral Composition: Polymetallic Nodules Sampling
Mineral Composition Polymetallic Nodules Sampling Historical sampling can provide a much Seafloor Nodule higher degree of confidence in Size Coverage geological setting and abundance of material. • Single cruise will materially increase geological confidence. Abundance Grade 2 (metal wt%) (Nodule Kg
Slide 17: Mineral Expertise: Project Advisors
Mineral Expertise Project Advisors Dr. Rahul Sharma – Chief Science Advisor • Former Chief Scientist from the CSIR-National Institute of Oceanography • 40 years in the field of exploration and exploitation of deep-sea minerals. • Master’s degree in Geology and a doctorate in Marine Science. • Led mu
Slide 18: Mineral Expertise: Subsea Mineral Advisory Board
Mineral Expertise Subsea Mineral Advisory Board Dr. James Hein Craig Bryson Michael Wright • 48 years experience as a marine geologist • 30 years experience Mining Engineer • 20 years experience in environmental and social permitting studies, environmental • Senior Scientist at USGS • CEO of Subsea
Slide 19: Building For The Future: Our Leadership Team
Building For The Future Our Leadership Team Odyssey Officers Mark Gordon John Longley Chris Jones Laura Barton CEO & Chairman President & COO CFO CBO, Secretary & Director • Seasoned entrepreneur; 35 years building • Vast experience in business logistics and • Investment strategy professional • Exte
Slide 20: ExO Phosphate - Baja California Sur, Mexico
ExO Phosphate - Baja California Sur, Mexico - North American Phosphate Phosphate 20
Slide 21: ExO Phosphate Project
Phosphate ExO Phosphate Project Resource Phosphorite Deposit Odyssey currently owns 56% with an option Ownership to increase ownership to 65% through The ExO Phosphate Resource is one of the most significant conversion of debt. deposits of phosphate sands in the world. Status Awaiting Environmental
Slide 22: ExO Project Next Steps
Phosphate ExO Project Next Steps Environmental Permit & Mining license or NAFTA Award 2022 • NAFTA hearing 2019 2013-2014 • Odyssey initiated $2.3B Claim via 2016 NAFTA • NI 43-101 Completed, • Environmental Permit Engineering Partner 2018 arbitrarially denied Selected • Highest Mexican Court 2015 2
Slide 23: ExO Project Three Paths to Success
Phosphate ExO Project Three Paths to Success NAFTA Action - 2022 TFJA Case Settlement • Hearings held in Q1 & Q 2 2022, • Mexican Federal Court • Mexico issues environmental permit and awaiting closure of evidentiary phase. compensation is provided to Odyssey. • Case currently in lower court awaitin
Slide 24: CIC Polymetallic Nodule Exploration Project - Cook Islands
CIC Polymetallic Nodule Exploration Project - Cook Islands - Potential World-Class Battery Metal Source Polymetallic Nodules 24
Slide 25: Cook Islands Nodule Project
Polymetallic Nodules Cook Islands Nodule Project Resource Polymetallic Nodules • CIC Limited (CIC) holds an exploration license covering approximately 211,000 Odyssey holds a 16% stake in CIC, with Ownership 2 opportunities to increase its stake km within the Cook Islands' EEZ. This grants CIC the e
Slide 26: Cook Islands Nodule Project Next Steps
Project Value Polymetallic Nodules Cook Islands Nodule Project Environmental Impact Assessment Phase 3: Harvesting Harvesting License Next Steps Environmental Assessment License Granted Application Harvesting Plan Definition if research Phase 1 Deliverables shows no serious harm to 1. 300-500 kg nod
Slide 27: Cook Islands Nodule Project Partners
Polymetallic Nodules Cook Islands Nodule Project Partners Marine Operating Partners CIC Consortium Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) Greg Stemm (SeaRock Resources LLC) World leader in deep-ocean exploration utilizing innovative methods and state-of- Co-founder of Odyssey Marine Explora
Slide 28: OMEX Phosphate JV - South America
OMEX Phosphate JV -South America- South American Phosphate Resource Phosphate 28
Slide 29: South American Phosphate Resource
Phosphate South American Resource Phosphorite Phosphate Status MOU signed in Feb 2022 to form a JV with Blue Sea Minerals, which holds 2 exploration rights to 380 km of seafloor. • Capitalizes on our extensive subsea phosphate capabilities. Odyssey will own 75% of the JV. • South Atlantic continenta
Slide 30: South American Phosphate Project Next Steps
Project Value Phosphate South American Phosphate Project Environmental Mining Permit & Phase 3: Next Steps Mining License License & Environmental Assessment Mine Plan Definition Bankable Feasibility Phase 1 Deliverables Study 3-2 1. Bathymetric and sub-bottom profile of exploration Accepted 3-1 area
Slide 31: Previous Phosphorite Research
Phosphate South American Phosphate Project Previous Phosphorite Research Third-party scientific studies • Geophysics • 14,596 NM of collected data over the continental shelf, slope and adjacent oceanic regions. • Creation of a bathymetric grid and 3D representation of the seabed. • Highlighted areas
Slide 32: Recent Research by a South American Government
Phosphate South American Phosphate Project Recent Research Carried Out by a South American Government • Research was conducted by CPRM (Geological Survey) onboard vessel Vital de Oliveira from January 28 - March 19, 2020. • Collected samples, geological and bathymetric data along the Continental She
Slide 33: Lihir Subsea Gold - Lihir, Papua New Guinea
Lihir Subsea Gold - Lihir, Papua New Guinea - Adjacent to Large Terrestrial Gold Mine & Processing Gold 33
Slide 34: Lihir Subsea Gold Project
Gold Lihir Subsea Gold Project Resource Gold Deposit Odyssey Marine Exploration Ownership • License area adjacent to Lihir Island, PNG where one of the world’s largest known owns 85.6% terrestrial gold deposits is currently being mined and processed by Newcrest Mining. Status Exploration license in
Slide 35: How Debris Flow Affects Surrounding Area
Gold How Debris Flow Affects Surrounding Area Geological interpretation demonstrating how the Luise Volcano’s slope failure may have resulted in part of the Ladolam gold deposit Geology Map of Lihir Island flowing to the adjacent debris field offshore. Graphic Credit: Neptune Minerals Londolovit Blo
Slide 36: Lihir Subsea Gold Project Next Steps
Project Value Gold Lihir Subsea Gold Project Phase 3: Environmental Mining Environmental Permit & Next Steps License & Assessment Mining License Mine Plan Definition Bankable Feasibility Phase 1 Deliverables Study 3-2 1. Full mapping of license area (completed January 2022) Accepted 3-1 Phase 2: 2.
Slide 37: The Future is Deep…
The Future is Deep… • Governments and tech manufactures are looking to secure new supply sources of critical minerals to address carbon reduction goals and food security issues. • Ocean mineral exploration is an environmentally and socially responsible source to obtain critical minerals. • Odyssey i
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