Nautilus Minerals formalized a US$34 million secured loan facility with related-party lender Deep Sea Mining Finance Ltd. to fund Solwara 1 development.
Nautilus Minerals has commenced wet testing of its new seafloor diamond drill rig, nicknamed the Hobbit scout rig, ahead of future exploration programs.
Nautilus Minerals completed the first successful trial of its autonomous Nautilus Jumping Spider sediment sampler, designed to cut seafloor sampling costs by up to an order of magnitude.