TORONTO, Jan. 08, 2018 -- Nautilus Minerals Inc. announces that it has arranged to receive bridge loans from Deep Sea Mining Finance Ltd. and has also entered into a funding mandate agreement with M. Horn & Co. Ltd. . Bridge Loans The bridge loans, which the Company expects to be in the amount of up to US$7 million, will assist the Company's [...]
TORONTO, Dec. 27, 2017 -- Nautilus Minerals Inc. 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 wishes to thank Mr. Debney for his many years of service to the Company. Following Mr [...]
Nautilus Minerals is providing an update to its funding requirements set forth in the Company's December 4, 2017 press release . Discussions with various parties including the major shareholders continue. These discussions have taken longer than expected but the Company remains positive that the discussions will be concluded soon. There can be no [...]
TORONTO, Dec. 11, 2017 -- Nautilus Minerals Inc. announces that Fujian Mawei Shipbuilding Ltd , the owner of the shipyard where Nautilus’ Production Support Vessel is being built, has notified the Company that MAC Goliath Pte Ltd , the buyer of the PSV, has failed to pay the third installment of the contract price . Under the shipbuilding [...]
Nautilus Minerals is providing an update to its funding requirements set forth in the Company's November 1, 2017 press release . Discussions with various parties involved in the manufacture of the Seafloor Production System continue. The Company is making progress with respect to deferring some of its immediate cash flow requirements and as a [...]
TORONTO, Nov. 14, 2017 -- Nautilus Minerals Inc. announces the release of its unaudited consolidated Financial Statements for the third quarter ended September 30, 2017, together with Management's Discussion and Analysis. Q3 2017 Significant Events Received US$2 million through the US$20 million bridge financing facility provided by the [...]
Nautilus Minerals is providing an update to its funding requirements set forth in the Company's September 26, 2017 press release (see links section below). The Company continues to be in discussions with various parties involved in the manufacture of the Seafloor Production System, and the Company is making progress with respect to deferring some [...]
TORONTO, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces changes to its board of directors with the appointment of John McCoach following the resignation of Mark Horn. Russell Debney, Nautilus Minerals' Chairman said, “I would like to thank Mark for his valuable [...]
TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") is happy to provide an update on the status of its seafloor production system, to be used by Nautilus and its partner, Eda Kopa (Solwara) Limited at the Solwara 1 Project site, in the Bismarck Sea of Papua New Guinea (PNG). Mike [...]
TORONTO, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces that it has entered into a Funding Mandate Agreement (the "Agreement") with Deep Sea Mining Finance Ltd. ("DSMF") pursuant to which DSMF will seek to leverage the international expertise and financial relationships of [...]
Toronto, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that Mark P. M. Horn has resigned as a director of Nautilus. Mark P. M. Horn has advised the Company that he will lead Deep Sea Mining Finance Ltd. ("DSMF"), a recently formed joint-venture between [...]
Nautilus Minerals provides the following update on its operations. The Company continues to explore financing opportunities in order to maintain the development of the Solwara 1 Project and the Company's operations. As previously disclosed, the Company requires significant additional funding in order to complete the build and deployment of the [...]
