Former Companies

Fujian Mawei Shipbuilding Ltd. has rescinded its shipbuilding contract with MAC Goliath Pte. Ltd. after MAC failed to pay the $18-million (U.S.) third instalment for Nautilus Minerals' production support vessel.

Nautilus Minerals shareholders approved all resolutions at its June 25, 2018 AGM in Vancouver, including director elections and warrant issuances to lender Deep Sea Mining Finance Ltd.

Nautilus Minerals received a $1.3-million (U.S.) loan from Deep Sea Mining Finance under its existing credit facility.

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.

Nautilus Minerals amended its financing mandate with M. Horn & Co. Ltd. to make the adviser's engagement non-exclusive as it seeks remaining Solwara 1 project financing.

Nautilus Minerals received an additional $1.6-million (U.S.) bridge loan from Deep Sea Mining Finance Ltd., bringing total bridge loans from the lender to $11.25-million (U.S.).

Nautilus Minerals has received a further US$3-million bridge loan from Deep Sea Mining Finance Ltd., bringing total bridge loans to US$9.65-million toward a planned US$34-million credit facility.