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Odyssey also owns a minority ownership stake in Neptune Minerals, a company focused on discovering and commercializing high-value mineral deposits from the ocean floor. In March 2013, Odyssey disclosed an ownership interest in Oceanica Resources, S. de R.L., and Exploraciones Oceanicas, S. de R.L. de C.V. (“ExO”), a subsidiary of Oceanica.
Moana Minerals is a subsidiary of Ocean Minerals LLC (OML), a US-based private investment firm led by President and CEO Hans Smit. Hans Smit previously led Neptune Minerals, Inc a DSM company interested in SMS exploitation in Papua New-Guinean waters.
Nautilus Minerals is in the advanced stages of commencing extraction from its Solwarra deposit, in the Bismarck Archipelago, and Neptune Minerals is at an earlier stage with its Rumble II West deposit, located on the Kermadec Arc, near the Kermadec Islands. Both companies are proposing using modified existing technology.
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Neptunite is a silicate mineral with the formula K Na 2 Li(Fe 2+, Mn 2+) 2 Ti 2 Si 8 O 24.With increasing manganese it forms a series with mangan-neptunite.Watatsumiite is the variety with vanadium replacing the titanium in the formula.
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