The pyramidal tackle box apparatus provides a square base with hinged folding triangular panels secured thereto. All side panels can be selectively opened to provide a fully flattened apparatus as desired, thereby allowing full access to any item stored within or without. All triangular panels feature a magnetic coating on panel interiors. At least two of the panels provide external magnetic coating. Any metallic object is thereby positionable and retained. Two opposing panels are coated with a textile. One textile coated panel features a plurality of horizontal pockets for item storage. The opposing textile panel features removable pockets for object retention and transport. The base panel provides upwardly extended pegs for fishing line spools, with orifices in two of the triangular panels for fishing line exit. The internal cover removably fits atop the pegs, thereby providing an interior shelf for use as desired.