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Underwater mining hopeful gains breathing space

Underwater mining hopeful Nautilus Minerals (CN:NUS) has managed to negotiate more breathing space on its financial situation, further deferring a cash flow requirement of US$10 million from November 30 to December 20.

Staff reporter
Nautilus trials the collecting machine

Nautilus trials the collecting machine

The funding requirement was previously $15 million due by October 31 before it was reduced and firstly pushed back to November 30. "The company continues to be in discussions with various parties involved...

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