Smd Facility News

Nautilus Minerals Inc. will begin assembling its third and final Seafloor Production Tool (SPT), the Auxiliary Cutter (AC), this week at Soil Machine Dynamics’ (SMD) facility in Newcastle in Tyne, UK. Nautilus' CEO, Mike Johnston said “we are pleased that the assembly of the AC, the third and final of the three SPTs has now commenced, with the arrival of the chassis at the SMD facility. The next milestone for the SPTs will be the commencement of Factory Acceptance Testing on the already assembled Bulk Cutter (BC). We look forward to reporting on this progress next month”.