Nautilus Minerals NUSMF (NUSMF)

[Crispy_2014]

Last week's other top-gaining mining stocks on the TSX were Nautilus Minerals, Arizona Mining, Largo Resources and Coro Mining.

Nautilus Minerals
Nautilus Minerals bills itself as the first company to commercially explore the seafloor for massive sulfide systems, a potential source of high-grade copper, gold, zinc and silver. The company is developing a production system to commercially extract these metals using existing technologies adapted from the offshore oil and gas industry, and from the dredging and mining industries.

On April 10, Nautilus closed a $2-million private placement; more recently, on April 20, it delivered a $2-million financing notice for May. Last week, the company’s share price rose 8.7 percent to close at $0.25.



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