The Globe and Mail reports in its Wednesday, Sept. 27, edition that Nautilus Minerals says it continues to explore financing opportunities to maintain development of its Solwara 1 project and the company's operations. The Globe's Brenda Bouw writes that Nautilus said it needs to obtain new financing of about$41-million (U.S.) by the end of 2017 and at least approximately $15-million (U.S.) before Oct. 31 to meet its contractual commitments related to some of the equipment forming part of the sea-floor production system. The company says it is in "active discussions with various parties, including existing shareholders, regarding potential financing transactions and alternatives." Still, it said there are no assurances it will secure the necessary additional financing transactions in time. "Failure to secure the necessary financing may result in the company engaging specialist advisers and taking various steps aimed at maximizing shareholder value such as undertaking various transactions including, without limitation, asset sales, joint ventures and capital restructurings," the company said.