Fleet Space began as aerospace startup building innovative satellite technology. And now, they’ve become one of the most important companies in mining. But, why?
What’s happening:
- Australian based aerospace startup Fleet Space has developed satellite technology that is capable of accelerating the ability to make new discoveries of critical minerals and metals that are essential to the global energy transition, which has led to a flurry of innovative partnerships with both mining giants and early stage exploration companies
Why it matters:
- Venture backed satellite technology startups have been finding new applications for everything from reducing the methane emissions of oil and gas infrastructure to defense tech to preventing wildfires
Who is making moves:
- Talon Metals (TSX: TLO) and Fleet Space previously partnered together to use Fleet Space’s ExoSphere technology at their flagship high grade nickel properties in Minnesota and Michigan, which have also received funding from the United States Department of Defense
- Barrick Gold (NYSE: GOLD) has recently used Fleet Space’s ExoSphere technology at their Riko Deq copper project located in Pakistan to find new potential large scale deposits of copper
- Eagle Mountain (ASX: EM2) recently deployed ExoSphere technology at their Silver Mountain project located in Arizona to unlock better insights and data into multiple unknown targets that may contain copper
- Thor Energy (ASX: THR) and Fleet Space previously entered into a unique collaboration which saw Fleet Space take an equity ownership position in Thor Energy in addition to using their ExoSphere technology to help identify potential rare earth deposits at their Alford East project located in South Australia
- Power Nickel (TSXV: PNPN) recently brought ExoSphere’s imaging technology to their properties located near Chile’s historic copper belt to identify new potential drilling targets and attempt to find geophysical anomalies located in the surrounding areas
Going deeper:
- Fleet Space also previously entered into a partnership with Stanford and their Mineral-X research project which is focused on using new technologies to identify critical minerals
