The Cook Islands Seabed Minerals Authority (SBMA) has granted three exploration licenses to assess and develop polymetallic nodule resources within its exclusive economic zone (EEZ).

 

Odyssey is actively invested in and provides services to two of the license holders, supporting their exploration efforts and contributing to key milestones in understanding and developing these critical mineral resources.​

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Ocean Minerals LLC (OML)

Ocean Minerals LLC (OML) is a deepwater critical minerals exploration company focused on advancing resource development in the Cook Islands. OML’s research vessel, Anuanua Moana, has played a critical role in providing high-quality scientific and exploration data, contributing to a greater understanding of the Cook Islands’ seafloor ecosystem. Over the past year, OML has completed multiple expeditions, achieving significant milestones, including:

•  A complete mapping of the licensed exploration area.

• Collection and independent analysis of seabed sediment and mineral samples.

• Recovery of a five-tonne bulk nodule sample to support metallurgical process development.

• Data analysis and updates to resource estimates, aligning with the Joint Ore Reserve Committee (JORC) standards.​

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CIC Ocean Research

CIC Limited (CIC) is a deep-sea mineral exploration company dedicated to unlocking critical resources from the ocean floor supported by a consortium of industry leaders—including Odyssey Marine Exploration and Royal Boskalis Westminster

CIC initiated offshore exploration and research operations in 2022, yielding promising results:

• Early sampling and testing validated vessel and equipment capabilities.

• Preliminary resource sampling contributed to ongoing resource evaluation.

• Environmental assessments were integrated into exploration efforts to ensure responsible development.

These findings are laying the groundwork for long-term operational success over the license period, while also informing regional environmental studies essential for future sustainability.