Nautilus Minerals announces that it continues to arrange bridge loans from Deep Sea Mining Finance, 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 totaling US$6,650,000. In conjunction [...]
TORONTO, Feb. 27, 2018 -- Nautilus Minerals Inc. announces a correction to its press release issued earlier today. The press release , titled “Nautilus Announces Preliminary Economic Assessment for its Solwara 1 Project”, contained a typo in the third bullet point on the first page. The reference to "~3,200 t/mth" should have been to [...]
TORONTO, Feb. 27, 2018 -- Nautilus Minerals Inc. is pleased to announce the results of a Preliminary Economic Assessment prepared by AMC Consultants Pty Ltd , contained in an independent National Instrument 43-101 technical report, for the development of the Solwara 1 Project in the Bismarck Sea of Papua New Guinea . The PEA details the proposed [...]
TORONTO, Feb. 22, 2018 -- Nautilus Minerals Inc. is pleased to advise it has appointed Mr Wayne Knott to the role of Chief Operating Officer , commencing March 19, 2018, as it moves towards starting its first seafloor mining operations in Papua New Guinea in 2019.* Mr Knott is a metallurgist with over 30 years of mining industry experience, with [...]
TORONTO, Feb. 20, 2018 -- Nautilus Minerals Inc. 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 Limited at the Solwara 1 Project site, in the Bismarck Sea of Papua New Guinea. Mike Johnston, Nautilus’ CEO, commented [...]
TORONTO, Feb. 12, 2018 -- Nautilus Minerals Inc. is pleased to announce that is has successfully completed the submerged trials for its Seafloor Production Tools in Papua New Guinea. Mike Johnston, Nautilus’ CEO, commented, “The overarching objective of the trials was to ensure that all three machines met the requirements of their [...]
TORONTO, Feb. 09, 2018 -- Nautilus Minerals Inc. is pleased to announce that the Government of Papua New Guinea has granted a two year Exploration License to Nautilus which will allow the Company to conduct exploration activities on this area within the southeast Bismarck Sea. The Exploration License EL2537 covers 2,558 km2, including the same [...]
Nautilus Minerals announces that it continues to arrange bridge loans from Deep Sea Mining Finance , 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. Mike Johnston, Nautilus’ CEO commented: “We are very pleased with ongoing support we are [...]
TORONTO, Jan. 25, 2018 -- Nautilus Minerals Inc. 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 the Collecting Machine and Auxiliary Cutter were completed late last year. To date the Bulk Cutter has [...]
TORONTO, Jan. 17, 2018 -- Nautilus Minerals Inc. 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, Adam has played a significant role in the key areas of project management, stakeholder and government [...]
TORONTO, Jan. 16, 2018 -- Nautilus Minerals Inc. 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 MB Holding Company LLC, and Chief Executive Officer of Mawarid Mining LLC, a wholly owned subsidiary of MB [...]
TORONTO, Jan. 11, 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. In conjunction with initial advances under the bridge loans, the [...]
