Nautilus receives PNG exploration licence
The PNG government has granted Nautilus Minerals a two-year exploration licence covering the Solwara 1 area of the southeast Bismarck Sea.
Nautilus Receives Additional Bridge Loans
Nautilus Minerals received a $2-million (U.S.) bridge loan advance from Deep Sea Mining Finance Ltd. and issued additional warrants in connection with it.
Nautilus Successfully Progressing Trials in Png
Nautilus Minerals says its bulk cutter, the final seafloor production tool, is due to complete submerged trials next month.
Nautilus Minerals Officer Update
Adam Wright resigned as Nautilus Minerals' vice-president of Papua New Guinea operations, effective Feb. 26, 2018.
Nautilus Minerals Appoints New Chairman
Nautilus Minerals has appointed Tariq Al Barwani, a director of top shareholder MB Holding, as non-executive chairman while the board seeks additional independent directors.
Nautilus still arranging bridge loans from Deep Sea
Nautilus Minerals continues to arrange bridge loans from Deep Sea Mining Finance, expected to form part of a larger secured credit facility of up to $34-million (U.S.).
Nautilus arranges up to $7M (U.S.) in bridge loans
Nautilus Minerals arranged bridge loans of up to $7-million (U.S.) from Deep Sea Mining Finance Ltd. and signed a new financing mandate with M. Horn & Co. Ltd.
Nautilus’s Debney quits as chairman, director
Russell Debney resigned as chairman and director of Nautilus Minerals Inc. effective Dec. 27, 2017, and the company is seeking a new independent director.
Nautilus Minerals continues to work on financing
Nautilus Minerals says financing discussions with major shareholders and other parties continue longer than expected, with no assurance funding will be secured.
Nautilus’s PSV buyer in default after missing payment
Fujian Mawei Shipbuilding has notified Nautilus Minerals that PSV buyer MAC Goliath Pte. Ltd. failed to pay the third instalment of about $18-million (U.S.) plus interest.