|Bid||0.25 x 0|
|Ask||0.26 x 0|
|Day's range||0.23 - 0.26|
|52-week range||0.14 - 0.28|
|PE ratio (TTM)||N/A|
|Earnings date||15 Mar 2018 - 19 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.15|
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") is pleased to provide an update on submerged trials for the Company’s Seafloor Production Tools, with the final machine, the Bulk Cutter, due to finish trials next month. To date the Bulk Cutter has completed commissioning of the power and control system, on-shore functions testing, submerged function testing and submerged endurance trials. Ongoing analysis of the results to date indicates that the Seafloor Production Tools can perform to design specifications with the machine components all functioning as designed in submerged conditions.
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces that Mr Adam Wright, VP PNG Operations has resigned from the Company, effective 26th February 2018. Nautilus’ CEO Mike Johnston commented, “Over the past three and a half years, Adam has played a significant role in the key areas of project management, stakeholder and government engagement and corporate social responsibility. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the Company's funding requirements, expectations to receive additional bridge loans and enter into a credit facility, and the continued development of the Solwara 1 Project.
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces that Mr Tariq Al Barwani has been appointed to the role of non-executive Chairman. Mr Al Barwani joined the Company’s board in May 2016. Mr Al Barwani has a Bachelor of Science degree in Geology from Imperial College, United Kingdom, and a Masters in Business Administration specializing in strategy and leadership from McGill University in Canada.
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. In conjunction with initial advances under the bridge loans, the Company has issued to the Lender an additional 8,591,065 warrants of the Company (the "Warrants"), for a total of 11,812,714 share purchase warrants issued to the Lender to date.
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces that it has arranged to receive bridge loans from Deep Sea Mining Finance Ltd. (the "Lender") and has also entered into a funding mandate agreement (the "Funding Mandate") with M. Horn & Co. Ltd. (the "Advisor"). The bridge loans, which the Company expects to be in the amount of up to US$7 million, will assist the Company's immediate working capital requirements and facilitate payments required to continue the development of the Company's seafloor production system to be first utilized at the Company's Solwara 1 Project. The Company will be entitled to pre-pay each loan prior to maturity, by paying 108% of the outstanding principal of the loan plus accrued and unpaid interest.
Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSMF) (the "Company" or "Nautilus") announces that Russell Debney has, effective December 27, 2017, resigned as Chairman and director of Nautilus and as director and officer, as applicable, of each of the Company's operating subsidiaries. The Company wishes to thank Mr. Debney for his many years of service to the Company. Following Mr. Debney's resignation, the Company is actively seeking the appointment of a new independent director.