TORONTO, June 12, 2018 -- Nautilus Minerals Inc. announces that the Company has received a loan from Deep Sea Mining Finance Ltd. in the principal amount of US$1.3 million under the previously announced loan agreement between the Company, two of its subsidiaries and the Lender which provides for a secured structured credit facility of up to US$34 [...]
TORONTO, June 11, 2018 -- Nautilus Minerals Inc. announces that it has entered into a loan agreement with Deep Sea Mining Finance Ltd. formalizing the previously disclosed secured structured credit facility of up to US$34 million. The Company, and its wholly-owned subsidiaries Nautilus Minerals Niugini Limited and Nautilus Minerals Pacific Pty Ltd [...]
TORONTO, June 06, 2018 -- Nautilus Minerals Inc. announces that is has commenced wet testing of its new seafloor diamond drill rig, which the Company has developed to relieve the drilling requirements of its future exploration programs. Mike Johnston, Nautilus’ CEO commented, “According to our recently released Preliminary Economic [...]
TORONTO, May 24, 2018 -- Nautilus Minerals Inc. announces that it has successfully completed the first trial of its newly developed autonomous sediment sampler. The insect-inspired creation is dubbed the “Nautilus Jumping Spider” and resembling its animal namesake, it sports a number of “tubular” legs. On landing on the [...]
TORONTO, May 14, 2018 -- Nautilus Minerals Inc. announces that it has entered into an amending agreement with M. Horn & Co. Ltd. pursuant to which the Advisor will provide the services under the existing funding mandate agreement on a non-exclusive basis. Previously the Advisor was engaged on an exclusive basis . The Company believes that a [...]
TORONTO, April 30, 2018 -- Nautilus Minerals Inc. announces that it continues to arrange bridge loans from Deep Sea Mining Finance Ltd. and is providing a corporate update on the Company's affairs. US$1.6 Million Bridge Loan To date the Company has received bridge loans from the Lender totaling US$11,250,000. In conjunction with the most recent [...]
TORONTO, April 03, 2018 -- Nautilus Minerals Inc. announces a correction to its press release issued March 29, 2018 titled “Nautilus Minerals Seafloor Production Vessel Launched” . The second paragraph of the press release states that the Mawei Yard has designed and built the world’s first Deep Sea Mining Production Support [...]
TORONTO, April 03, 2018 -- Nautilus Minerals Inc. announces that it continues to arrange bridge loans from Deep Sea Mining Finance Ltd. , which are expected to form part of a larger secured structured credit facility of up to US$34 million to be provided by the Lender to the Company. To date the Company has received bridge loans from the Lender [...]
TORONTO, March 29, 2018 -- Nautilus Minerals Inc. announces that its production support vessel was today launched at the Mawei shipyard in China. The vessel will be used by Nautilus and its partner, Eda Kopa Limited at the Solwara 1 Project site, in the Bismarck Sea of Papua New Guinea. Mike Johnston, Nautilus’ CEO commented at the launch [...]
TORONTO, March 27, 2018 -- Nautilus Minerals Inc. announces the appointment of Mr. Jonathan Whitworth to the role of independent non-executive Director and grants loan shares and options to directors, officers and employees of, and key contractors to, the Company. Nautilus’ Chairman Tariq Al Barwani commented, “I’m very pleased to [...]
TORONTO, March 22, 2018 -- Nautilus Minerals Inc. announces that Mr. Jay Layman has been appointed to the role of independent non-executive Director. Nautilus’ Chairman Tariq Al Barwani commented, “It is a pleasure to welcome Jay to the Nautilus Board of Directors. Jay’s diverse background in successful project development [...]
TORONTO, March 20, 2018 -- Nautilus Minerals Inc. announces the release of its audited consolidated financial statements for the year ended December 31, 2017, together with the related Management's Discussion and Analysis. 2017 Significant Events Advanced the Solwara 1 Project by conducting submerged trials of the three Seafloor Production Tools in [...]
