News
10 January 2018

Nautilus signs funding mandate and arranges bridge loan

In:
Metals and Mining
Region:
Americas, Asia-Pacific

Canadian ocean floor mining company Nautilus Minerals has arranged a one-year $7 million bridge loan at 8% from Deep Sea Mining Finance Ltd to cover development of a seafloor production system to be used on its Solwara 1 project in Papua New Guinea territorial waters. The bridge facility is expected...

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