American Ocean Minerals Challenges The Metals Company for Deep-Sea Mining Dominance

A $1 billion merger between American Ocean Minerals and Odyssey Marine Exploration creates a formidable competitor in the critical minerals space. The new entity boasts significantly larger resource estimates than current industry leader The Metals Company.

• Merger of American Ocean Minerals and Odyssey Marine Exploration valued at $1 billion
• New entity AOMC to trade on Nasdaq
• AOMC reports 417M metric tons of indicated and >2B metric tons of inferred resources in Cook Islands
• AOMC holds additional 1.4B metric tons of inferred resources under U.S. governance
• TMC reports 51M metric tons of probable reserves and 113M metric tons of total resources
• Former Rio Tinto CEO Tom Albanese appointed as AOMC Chairman