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PDAC 2016: Planetary Resources shows off its asteroid mining technology

Planetary Resources is focused on extracting resources from asteroids.

TORONTO – Depressed commodity prices aren’t stopping one mining company at PDAC from settings its sights high – beyond orbit, actually.

Planetary Resources, Inc. sticks out one of the companies only at that year’s mining convention because its focus is extracting resources from asteroids. As the idea may appear outlandish, the firm counts former NASA engineers among its ranks and it is backed by some high profile investors, including Google co-founder Larry Page.

The company is currently testing its technology through satellite launches, so it hopes will ultimately result in harvesting ores from near-earth asteroids. 

“The following resource frontier is space,”  said Chris Lewicki, president and chief executive of Planetary Resources. “We’re prospecting the greatest resource within the mining industry.”

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