Nautilus Minerals has filed a preliminary prospectus for a rights offering to raise up to C$103-million through 686,666,666 common shares at 15 cents each.
The Solwara 1 joint venture has taken delivery of three seafloor production tools from SMD's Newcastle upon Tyne facility ahead of wet testing in Oman.
Nautilus Minerals has signed agreements with United Engineering Services LLC to support wet testing and storage of its seafloor production equipment in Oman.
Papua New Guinea's state nominee Eda Kopa (Solwara) Ltd. has decided not to exercise its option for a further 15 per cent interest in Nautilus Minerals' Solwara 1 project.
Nautilus Minerals and Tongling Nonferrous Metals signed a new master ores sales and processing agreement (MOSPA) for the Solwara 1 seafloor deposit, replacing their 2012 heads of agreement.