Odyssey Marine Exploration Inc (OQ:OMEX)
Business Focus: Specialty Mining & Metals
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 205 S. Hoover Blvd., Suite 210 TAMPA FL 33609 |
| Tel: | N/A |
| Website: | https://ir.odysseymarine.com |
| IR: | See website |
| Key People | ||
| Mark D. Gordon Chairman of the Board, Chief Executive Officer | John D. Longley President, Chief Operating Officer | |
| Business Overview |
| Odyssey Marine Exploration, Inc. discovers, validates, and develops seafloor mineral resources. The Company has a diversified mineral portfolio, which includes projects controlled by the Company and other projects in which it has a minority owner and service provider. The Company's projects include the Exploraciones Oceanicas Phosphate Project, CIC Project, South American Phosphate Project and LIHIR Gold Project. The Exploraciones Oceanicas Phosphate Project is a rich deposit of phosphate sands located 70-90 meters deep within Mexico's Exclusive Economic Zone. The project is located approximately 25-40 kilometers from the coast of Baja California Sur, Mexico. The Lihir Gold Project covers a subsea area, which contains at least five prospective gold exploration targets in two different mineralization types: seamount-related epithermal and modern placer gold. The resource lies approximately 500-2,000 meters deep in the Papua New Guinea Exclusive Economic Zones (EEZ). |
| Financial Overview |
| For the six months ended 30 June 2023, Odyssey Marine Exploration Inc revenues decreased 33% to $461K. Net income totaled $10.9M vs. loss of $12.9M. Revenues reflect Marine services decrease of 26% to $438K, Operating and other decrease of 76% to $23K. Net Income reflects Operations and Research decrease of 48% to $3.3M (expense), Marketing, general and administrative decrease of 12% to $3.7M (expense). |
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