Nautilus Minerals is advancing its equipment-testing at the same time as financial and management shortfalls prompt worries about the firm’s longevity. Submerged trials for Nautilus’ Seafloor Production Tools (SPTs) began in Papua New Guinea during the latter part of 2017 and are now nearing completion. Trials on the Collecting Machine and Auxiliary Cutter were completed […]
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Download the Nautilus Minerals press release Toronto Ontario, January 25, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus“) is pleased to provide an update on submerged trials for the Company’s Seafloor Production Tools, with the final machine, the Bulk Cutter, due to finish trials next month. Submerged trials of […]
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Download the Nautilus Minerals press release Toronto Ontario, January 17, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company ” or “Nautilus“) announces that Mr Adam Wright, VP PNG Operations has resigned from the Company, effective 26th February 2018. Nautilus’ CEO Mike Johnston commented, “Over the past three and a half years, […]
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See original release from the Deep Sea Mining Campaign PAPUA NEW GUINEA | Amid financial strife and looming litigation, Sir Arnold Amet, former Papua New Guinean Attorney General and Minister for Justice advises the PNG Government to terminate its joint partnership agreement with Nautilus, recoup its 15% stake in the Solwara 1 deep sea mining […]
Read More Download Nautilus Minerals press release Toronto Ontario, January 16, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus“) announces that Mr Tariq Al Barwani has been appointed to the role of non-executive Chairman. Mr Al Barwani joined the Company’s board in May 2016. He is a director and shareholder of […]
Read More Download Nautilus Minerals press release Toronto Ontario, January 11, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus“) announces that it continues to arrange bridge loans from Deep Sea Mining Finance Ltd. (the “Lender“), which are expected to form part of a larger secured structured credit facility of up to […]
Read More Download Nautilus Minerals press release Toronto Ontario, January 8, 2018 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that it has arranged to receive bridge loans from Deep Sea Mining Finance Ltd. (the “Lender“) and has also entered into a funding mandate agreement (the “Funding Mandate“) with M. Horn […]
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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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Happy 2018 and welcome to our new year’s edition of the DSM Observer. As our readers return from holiday breaks and family gatherings, we embark together on what is shaping up to potentially be one of the most pivotal years yet for deep sea mining. 2017 laid the framework for much of what lies ahead […]
Read More Download Nautilus Minerals press release Toronto Ontario, December 27, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that Russell Debney has, effective December 27, 2017, resigned as Chairman and director of Nautilus and as director and officer, as applicable, of each of the Company’s operating subsidiaries. The Company […]
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