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I guess according to this article Nautilus is coming back as DSMF ,Deep sea mining Finance ltd. ,as well TMC could be involved?, but DSMF is a private company or should I say was ..follow the dots ...You've got TOML AND DEEPGREEN mining which is now TMC
What a mess as far as I'm concerned
First article Nautilus was acquired by DSMF so how is Nautlilus coming back to PNG?
https://www.postcourier.com.pg/nautilus-to-return-to-png/
.......
2nd link to TMC webpage
Vancouver, Canada — "The Metals Company (formerly DeepGreen Metals, Inc.) today announced that it has acquired Tonga Offshore Mining Limited (TOML), giving the company exploration rights to a 74,713 km2 block of CCZ seabed that contains an inferred resource of 756 million wet tonnes of polymetallic nodules*. TOML holds an exploration contract granted by the International Seabed Authority (ISA) and sponsored by the Kingdom of Tonga. The Metals Company acquired TOML from Deep Sea Mining Finance Limited. As part of the TOML acquisition, The Metals Company will benefit from existing environmental studies, a Canadian NI 43-101 compliant technical resource report and an intellectual property portfolio."
https://metals.co/deepgreen-acquires-third-seabed-contract-area-to-explore-for-polymetallic-nodules/
Anyone know the deal with this ticker? Read an article that they are 2 years away from taking the plunge.
Key DeepGreen stakeholders, including Barron, were also involved in the Canadian company Nautilus Minerals Inc., the original holder of at least two undersea mining concessions now held by DeepGreen. When Nautilus filed for bankruptcy in 2019, 41 shareholders wrote to the court handling the bankruptcy, saying they were misled, and that company assets – including potentially valuable Nautilus concessions in Papua New Guinea and Tonga – were transferred to a new entity “at far below assessed value.” This entity was Deep Sea Mining Finance (DSMF), which is jointly owned by Russian oligarch Alisher Usmanov, who reportedly has connections to Vladamir Putin. In March 2020, DeepGreen issued 7.8 million shares of its stock to DSMF plus a deferred consideration of $3.44 million in exchange for the Tonga subsidiary, suggesting that Putin allies may be substantial shareholders in DeepGreen.
https://campaignforaccountability.org/watchdog-requests-sec-investigate-undisclosed-histories-of-deep-sea-mining-companies-seeking-merger/
"Solwara 1 and its former parent Nautilus Minerals Inc. (in liquidation) have been successfully restructured and acquired by DSMF in the course of 2019. DSMF now has full ownership of interests and rights to Solwara 1, key assets, intellectual property, and subsidiaries and is well positioned to progress Solwara 1 into commercial production."
Unfortunately DSMF APPEARS TO BE a private company so can't trade their stock but will continue to follow the story see where it leads if anywhere to garner another attempt at investing in this ... maybe
https://dsmf.im/
bankruptcies in place
http://shareholdersunite.com/mybb/showthread.php?tid=12615
bankruptcies in place
http://shareholdersunite.com/mybb/showthread.php?tid=12615
It’s been some time since we seen this kinda movement
Deep-sea mining to turn oceans into ‘new industrial frontier Greenpeace report reveals 29 floor-exploration licences have been granted worldwide
https://www.theguardian.com/environment/2019/jul/03/deep-sea-mining-to-turn-oceans-into-new-industrial-frontier
NUSMF
https://www.barchart.com/stocks/quotes/NUSMF/technical-chart?plot=CANDLE&volume=total&data=I:120&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=120&startDate=2019-11-01&indicators=NVI(255);ADXMOD(14);BBANDS(20,2);AROON(25);SMA(50);SMA(20);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20);OBV;MOMENT(20);ATR(14)&sym=NUSMF&grid=1&height=375&studyheight=150
NUSMF Will Start going backup Tomorrow
15Min Chart
.000x Holding NUSMF too .03
Time for Next Leg - Dollars
Todays Volume 1,139,600
Avg Vol 753,560 up 100k
NUSMF
The deep sea metals are estimated to be worth as much as $8 to $16 trillion
Dollars $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
NUSMF Nautilus
Nautilus files for relief under the Companies’ Creditors Arrangement Act and receives additional loan under secured loan facility
Avg Volume UP - 50k
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152469934
Avg Volume 699,390 NUSMF
Nautilus Minerals IN (NUSMF)
0.0155 +0.0016 (+11.51%) 11/29/19 [OTC US]
https://www.barchart.com/stocks/quotes/NUSMF/overview
TECHNICAL CHART for Fri, Nov 29th, 2019
Nautilus Minerals IN (NUSMF) 0.0155 +0.0016 (+11.51%) 11/29/19
TECHNICAL CHART for Fri, Nov 29th, 2019
Fears in PNG a new Nautilus emerging after bankruptcy (AUDIO 4'28")
The Canadian company, Nautilus Minerals, that had been planning for years to mine the sea floor off the north coast of Papua New Guinea, was declared bankrupt last week.
This came after the company was delisted by the Toronto Stock Exchange earlier this year as it tried to sort out its finances.
As part of this collapse the PNG government, which was a significant Nautilus shareholder, has reportedly lost $ US 125 million.
Now environmentalists and the communities around the proposed Solwara One project fear a new, pared-down, version of the company is re-emerging.
The Alliance of Solwara Warriors spokesman, Jonathan Mesulam, told Don Wiseman, this has angered the local community which remains committed to keeping Nautilus out.
https://www.rnz.co.nz/international/programmes/datelinepacific/audio/2018724564/fears-in-png-a-new-nautilus-emerging-after-bankruptcy
Nautilus files for relief under the Companies’ Creditors Arrangement Act and receives additional loan under secured loan facility
So happy I'm all out of this Trash... goodluck to whoever is holding
Nautilus Minerals NUSMF (NUSMF) .017 +22%
Previous Close 0.0139
Volume 463,900
Avg Vol 646,515
Stochastic %K45.71%
Weighted Alpha-55.53
5-Day Change+0.0112 (+193.10%)
52-Week Range 0.0001 - 0.0695
*** 90Min Chart ***
One of the most high-stakes races in history is underway, with colossal riches waiting for the winners
Go NUSMF
The deep sea metals are estimated to be worth as_much_as_$8_to_$16_Trillion_Dollars
https://www.cbsnews.com/video/rare-earth-elements-u-s-on-sidelines-in-race-for-trove-of-metals-sitting-on-ocean-floor-60-minutes-60-minutes-2019-11-17/
The deep sea metals are estimated to_be_worth as_much_as_$8_to_$16_Trillion_Dollars
https://www.cbsnews.com/video/rare-earth-elements-u-s-on-sidelines-in-race-for-trove-of-metals-sitting-on-ocean-floor-60-minutes-60-minutes-2019-11-17/
One of the most high-stakes races in history is underway, with colossal riches waiting for the winners. It's a race to a little known frontier: the bottom of the sea. Around the world, thousands of engineers and scientists are in fierce competition to build the first undersea robot that can mine the ocean floor. The explosion of interest in deep sea mining is driven by the demands of our high-tech economy. The deep ocean is the El Dorado that contains metals like nickel, cobalt and rare earth elements, essential for use in cell phones, supercomputers and electric cars. They're also critical for a green future of solar and wind power. Dozens of nations, including Russia and China, are racing to get there first. But not the United States. As Bill Whitaker reports, America must sit on the sidelines of this great treasure hunt. Whitaker's report will be broadcast on the next edition of 60 Minutes, Sunday, November 17 at 7:30 p.m. ET and 7 p.m. PT on CBS.
The deep sea metals are estimated to be worth as much as $16 trillion. They're found in lumps of black rock called nodules, and there are trillions of them strewn across a vast, muddy desert in the Clarion Clipperton Zone, in the middle of the Pacific between Hawaii and Mexico. It's sunken treasure because every nodule contains nickel, copper, cobalt, manganese and traces of rare earth elements. It's estimated there are more metals on the bottom of the ocean than anywhere on the planet.
60 Minutes joined Canadian company DeepGreen Metals on its latest research trip, mapping the seafloor, three miles down, and fishing for nodules. The company estimates there's enough nickel and cobalt in its stake to make batteries for 150 million electric cars.
Nineteen countries have exploration licenses in the CCZ, including China, Russia, Germany and France. Even Cuba and Tonga have stakes. But the U.S. is not permitted to participate because it didn't ratify the United Nation's Law of the Sea which rules these international waters. Without signing the treaty, the U.S. is outside the system that is dividing up the ocean floor for deep sea mining.
Without a seat at the table, retired Rear Admiral Jonathan White worries the U.S. has no say in how deep sea mining will be developed or what environmental protections will be put in place. He also fears this gives China an overwhelming head start in pursuit of deep sea metals, at a time when it already commands a chokehold of metals like cobalt and rare earths on land.
It's a national security issue, White says. "A weapons system, the guidance of our weapons, X-ray machines, microwaves, they all rely on [rare earth] elements hard to come by," he tells Whitaker
White thinks it's a mistake. "I think it means we… become more isolated especially in terms of a growing global economy," he says. "And…[be] more dependent on China."
© 2019 CBS Interactive Inc. All Rights Reserved.
Am I the only one seeing this? NUSMF 2.7 million shares traded 11/21/19 with a high of .03.
This Weeks Chart - Nautilus Minerals IN (NUSMF) 0.0139 +0.0004 (+2.96%) 11/22/19
https://investorshub.advfn.com/DDAmanda-25344/
Got a good feeling about this one. Bought more Friday.
lol this thing is cooked man.. GL
Getting any Bites, Filling up Nice :)
Check with the OTC link on iBox
wow are more than 2 MMs going to load & flip this at these levels??
been watching this for days
clean TIGHT L2. anyone know the float
.02s back up v:)
Acting like yesterday - Did Some updates on iBox
https://investorshub.advfn.com/Nautilus-Minerals-NUSMF-NUSMF-18201/
CDEL needs to go !
What a wild ride! Got some .0125s today.
.025 Getting Hit NUSMF
HUGE !!!!!
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United States sitting out race to mine ocean floor for metals essential to electronicsChina and other countries are racing to be the first to mine trillions of dollars worth of metals used in cell phones, supercomputers and more, while the U.S. is on the sidelines. 60 Minutes reports, Sunday at 7:30 p.m. ET and 7 p.m. PT on CBS https://www.cbsnews.com/news/united-states-sitting-out-race-to-mine-ocean-floor-for-rare-earth-elements-metals-electronics-60-minutes-2019-11-13/..
Contact InformationOperations (Brisbane, Australia) | |
Nautilus Minerals Inc (referred to on this website as "Nautilus", "Nautilus Minerals" or the "Company") is the first company to commercially explore the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver. Nautilus is developing a production system using existing technologies adapted from the offshore oil and gas industry, dredging and mining industries to enable the extraction of these high grade Seafloor Massive Sulphide ("SMS") systems on a commercial scale.
Nautilus’ copper-gold project, Solwara 1, is under development in the territorial waters of Papua New Guinea. The Company has been granted the Environment Permit and Mining Lease required for resource development at this site.
The Company plans to grow its tenement holdings in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji, Tonga, the Solomon Islands, Vanuatu and New Zealand as well as other areas outside the Western Pacific.
Nautilus has among its significant shareholders, two of the world’s largest resource companies and the nature of its alliances and technical partners place it firmly in pole position as the world leader in deepwater exploration and the development of mineral systems.
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