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Big Month at Nautilus

Big Month at Nautilus

F ebruary 2018 was a gold star month for Nautilus Minerals, with significant advances made on seafloor production tool operations, vessel construction and both financial and organizational stability.  The month’s progress renews confidence that the controversial Solwara 1 deep sea mining project in Papua New Guinea’s Bismarck Sea remains viable and on track for projected […]

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Nautilus vessel construction surpasses 75% Big Month at Nautilus

Nautilus vessel construction surpasses 75%

Read the Nautilus Minerals press release Toronto Ontario, February 20, 2018- Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) is pleased to provide an update on the status of construction of its Production Support Vessel and associated equipment, to be used by Nautilus and its partner, Eda Kopa (Solwara) Limited at […]

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Challenges at Nautilus

Challenges at Nautilus Continue

A series of internal and external pressures have been plaguing the Canadian deep sea mining firm Nautilus Minerals for months with no clear resolution in sight.  The challenges facing Nautilus are hindering efforts to move forward on the Company’s flagship effort, the controversial Solwara One seabed mining project in Papua New Guinea’s Bismarck Sea.  DSM […]

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seabed mining ship

Contractor for seabed mining ship defaults on payment

DAVID FOXWELL on OFFSHORE SUPPORT JOURNAL | 13 Dec 2017 “MAC Goliath Pte Ltd, owner of the production support vessel that is being built for seabed mining outfit Nautilus Minerals, said MAC has failed to pay the third instalment due on the contract for the vessel. In a statement, Nautilus Minerals said it had been […]

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subsea mining vessel challenges at nautilus

Shipyard says subsea mining vessel buyer misses payment

MARINELOG | 12 December 2017 “A sub sea mining support vessel project has run into a problem. Vancouver, BC, headquartered Nautilus Minerals Inc., which plans to time charter the vessel for five years on its delivery, says it has been notified by China’s Fujian Mawei Shipbuilding that MAC Goliath Pte Ltd, the buyer of the […]

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shipyard notifies Nautilus

Shipyard notifies Nautilus of default by major contractor

Download Nautilus Minerals press release Toronto Ontario, December 11, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that Fujian Mawei Shipbuilding Ltd (the “Shipyard”), the owner of the shipyard where Nautilus’ Production Support Vessel (the “PSV”) is being built, has notified the Company that MAC Goliath Pte Ltd […]

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Nautilus Minerals under pressure

Nautilus Minerals Under Pressure

The past month has been anything but quiet over at Nautilus Minerals.  Changes in leadership, transparent financial stress and mobilized on-the-ground opposition have clashed with marked advances in technology and production timelines on the controversial Solwara One deep sea mining project in Papua New Guinea. A positive 2017 second quarter left shareholders happy and Nautilus […]

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Nautilus Announces Preliminary Economic Assessment Nautilus Appoints Chief Operating Officer Nautilus Minerals Officer Update bridge loans Nautilus receives additional bridge loans

Nautilus Minerals announces financial results for Q2 2017

Download Nautilus Minerals press release Toronto Ontario, August 14, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus“) announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2017, together with Management’s Discussion and Analysis. Q2 2017 Significant Events Received US$6 million through the […]

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submerged trials deep sea mining

Nautilus Minerals Commence PNG Submerged Trials

At the recent Annual General Meeting of Nautilus Minerals Inc., Chairman Russell Debney, announced to gathered shareholders in Toronto that submerged trials for their completed Seafloor Production Tools (SPTs) had begun in Papua New Guinea (PNG).  This announcement came shortly after news that the Nautilus Launch and Recovery System (LARS) had arrived at the Mawei […]

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