Nautilus Minerals NUSMF (NUSMF)

[Getitgogone]

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/