Seafloor mine developer Nautilus Minerals has become a member of the Nasdaq International Designation, a new over-the-counter platform available to non-US companies. Nautilus is one of the first participants in the Nasdaq International Designation program which is represented by a diverse range of industry sectors.
Nautilus’ CEO Mike Johnston said, “The US capital markets represent the largest pool of investor capital in the world. The Nasdaq is globally renowned as the ‘home of innovation’, and we are excited to become part of its story, as we aim to make seafloor mining a reality in quarter one of 2018.”
Member companies of the Nasdaq International Designation are not listed or traded on The Nasdaq Stock Market and are not subject to the same listing or qualification standards applicable to securities listed or traded on that exchange.
Nasdaq is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. The TSX-listed company which has its corporate office in Brisbane, Australia, was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.
Nautilus also holds highly prospective exploration acreage in the western Pacific as well as in international waters in the Central Pacific.