Nauticus Robotics, Inc. (NASDAQ:KITT, ", Nauticus", ))), a leading innovator in autonomous subsea robotics and software solutions, today announced that it has secured a $250 million Equity Line of Credit ("ELOC") facility to accelerate its next phase of growth and innovation. The facility will provide Nauticus with the flexibility to pursue strategic acquisitions that expand its technological capabilities and position the company to enter the rapidly emerging market for deep-sea rare earth and mineral exploration.
This new initiative is part of Nauticus' broader strategy to leverage its advanced robotics, artificial intelligence, and subsea automation technologies in industries essential to the global energy transition. It also aligns the company with the Trump administration's priorities on securing strategic minerals to reduce reliance on international producers. Nauticus intends to identify and acquire businesses and technologies that complement its autonomous systems portfolio and support responsible exploration of rare earth elements and other critical minerals found in ultra-deepwater environments.
"Access to rare earth minerals is vital for the clean energy, electronics, and defense industries, and Nauticus is uniquely positioned to play a key role in enabling that supply chain," said John Gibson, President and CEO of Nauticus Robotics. "The $250 million equity facility provides us with the strategic and financial flexibility to acquire the right capabilities and partnerships to participate responsibly in this important emerging market."
Mr. Gibson brings 10+ years of experience in critical mineral production via his work with Orocobre Ltd. This experience is expected to directly translate into the subsea mining space.
Strategic Highlights
The initiative underscores Nauticus' commitment to driving technological leadership and responsible innovation in subsea industries. The company anticipates providing updates on prospective acquisition targets and strategic partnerships as it advances toward enabling autonomous, data-driven exploration of the ocean's rare mineral resources.