TORONTO, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") is pleased to announce that is has successfully completed the submerged trials for its Seafloor Production Tools in Papua New Guinea. Mike Johnston, Nautilus’ CEO, commented, “The overarching objective of the trials was to ensure that all three machines met the requirements of their respective functional design specifications in submerged conditions. Results to date indicate...
TORONTO, Feb. 09, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") is pleased to announce that the Government of Papua New Guinea has granted a two year Exploration License to Nautilus which will allow the Company to conduct exploration activities on this area within the southeast Bismarck Sea. The Exploration License EL2537 covers 2,558 km 2 , including the same prospective geology that hosts Nautilus’ Solwara 1 deposit. The area was selected...
TORONTO, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the " Company " or " Nautilus ") announces that it continues to arrange bridge loans from Deep Sea Mining Finance Ltd. (the " Lender "), which are expected to form part of a larger secured structured credit facility of up to US$34 million to be provided by the Lender to the Company. Mike Johnston, Nautilus’ CEO commented: “We are very pleased with ongoing support we are receiving from our largest...