Nautilus Minerals

Nautilus Minerals
Company typePublic
TSX: NUS
IndustryMining
Founded1997
Defunct2019
FateBankrupted
Headquarters

Nautilus Minerals Inc. was a Canadian deep sea exploration and mining company founded in 1997, and listed on the Toronto Stock Exchange between 2007 and 2019. The company was known for Solwara-1, the first deep sea mining project, an attempt to explore and mine a mineral deposit on the seabed off the coast of Papua New Guinea. By 2019, the company had faced bankruptcy and was delisted due to long-standing environmental concerns about the project and financial turmoil, resulting in its assets being owned by Deep Sea Mining Finance Limited.