Neptune Minerals has been granted a Foreign Investment Permit by the Federated States of Micronesia to explore for seafloor massive sulphide deposits over 200,000 km² of its Exclusive Economic Zone.
Nautilus Minerals reported audited financial results for the year ended Dec. 31, 2006, highlighting a TSX Venture listing, over $100-million (U.S.) in private placements, and expanded seafloor exploration licences.
Nautilus Minerals disclosed updated major shareholder stakes after closing US$175 million in private placements that increased total shares in issue to 130,149,618.