Nautilus Minerals

Nautilus Minerals Inc. was an underwater mineral exploration company headquartered in Toronto, Ontario, Canada. It was the first company to commercially explore deep sea mining of the seafloor for massive sulfide systems, a potential source of high grade copper, gold, zinc and silver. As of November 2019, the company filed for bankruptcy.

History

, Nautilus planned to commence production utilizing a newly constructed mining ship in the territorial waters of Papua New Guinea.Terrestrial Telerobotic Mining Technology: An Enabler for Extraterrestrial Habitation, Mining and Construction
recorded on 31 October 2010, 52.25, Prof. Greg Baiden, Laurentian University, Talk given at the ''Space Manufacturing 14'' conference, 29–31 October 2010, Space Studies Institute

The world's first deep-sea mining robots, built for Nautilus by Soil Machine Dynamics, were ready to go since 2012.

In 2015, the company claimed to fall victim to a cyber scam where a payment of $10 million was made to the wrong account.Nautilus Minerals falls victim to cyber scam, prepays $10m into wrong account
miningweekly.com, 2 February 2015 No investigation report was ever made public to shareholders and the company stated it could not give any assurances that internal fraud was prevented.NAUTILUS MINERALS ANNUAL REPORT 2015
/ref> PWC did not record this fraudulent cyber scam in their annual 2015 audit. The CFO at the time, now works for Lepidico Ltd.

As of 2016, a mining ship was being built and scheduled to depart for Papua New Guinea in 2018.

The company had planned to grow its tenement holdings in the exclusive economic zones and territorial waters of Papua New Guinea, Fiji