GOLD-COPPER DEVELOPMENT – Nautilus raises additional $100M for seafloor mining

PAPUA NEW GUINEA - Vancouver's NAUTILUS MINERALS has successfully raised another US$100 million for development of...
PAPUA NEW GUINEA - Vancouver's NAUTILUS MINERALS has successfully raised another US$100 million for development of its massive sulphide deposits on the seafloor. The company also raised over US$99 million late last year, and it has US$111 million in its treasury with which to bring the Solawara 1 project to production.

Nautilus will use its money to complete the detailed design and construction of sub-sea mining equipment including two mechanical miners, power umbilicals, pumps, a 1,800-m riser pipe, and related handling equipment. The company has also embarked on its baseline environmental studies for the project.

Learn more at www.NautilusMinerals.com.

Comments

Your email address will not be published. Required fields are marked *

Mar 27 2024 - Mar 28 2024
Apr 08 2024 - Apr 09 2024
Apr 15 2024 - Apr 16 2024
Apr 16 2024 - Apr 16 2024