- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Nautilus Minerals Inc. (TSX:NUS,OTCQX:NUSMF) announced that the second of three seafloor production tools has now been assembled at Soil Machine Dynamics’ facility in the UK. This second tool is a collecting machine.
Nautilus Minerals Inc. (TSX:NUS,OTCQX:NUSMF) announced that the second of three seafloor production tools has now been assembled at Soil Machine Dynamics’ facility in the UK. This second tool is a collecting machine.
As quoted in the press release:
The Collecting Machine is the lightest of the three SPTs, weighing 200 tonnes when fully assembled. It is designed to collect material cut from the seafloor by drawing it in as seawater slurry with internal pumps and pushing it through a flexible pipe to the Riser and Lifting System and onto the vessel.
Mike Johnston, CEO of Nautilus, commented:
Having already completed the assembly of the Bulk Cutter, we are delighted that the assembly of the Collecting Machine has now been completed and commissioning has begun. This is an exciting time for the Company as we continue with the build of the seafloor production equipment while work has also started toward the build of our production support vessel. We look forward to finalizing the assembly of the third and final SPT, the Auxiliary Cutter.
Click here to read the full Nautilus Minerals Inc. (TSX:NUS,OTCQX:NUSMF) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.