Nautilus Minerals reported AGM voting results from its Toronto meeting, where 26.28 per cent of issued shares were represented and all resolutions passed.
A. Geoffrey Loudon is retiring as Nautilus Minerals chairman and will not stand for re-election at the June 1, 2016 AGM, with Russell Debney becoming interim chairman.
Tonga Offshore Mining Ltd, a Nautilus Minerals subsidiary, upgraded its Clarion-Clipperton Zone polymetallic nodule mineral resource to 685.3 million tonnes inferred, 68.1 million tonnes indicated and 2.6 million tonnes measured.
Nautilus Minerals reported unaudited Q1 2016 financial results showing $47.5 million in cash as of March 31, 2016, alongside progress on its Solwara 1 seafloor production equipment.