FORT LAUDERDALE, FL— Today global mining expert Emily King announced the launch of Prospector, a new company using technology to increase access, information, and capital in the mining industry. Prospector’s Software as a Service (SaaS) platformrelies on artificial intelligence (AI) to streamline and simplify highly technical information that is publicly available to investors but extremely cumbersome to access and analyze. King, a geologist, and entrepreneur with extensive mining industry experience including roles with the Department of Defense, early-stage ventures, and publicly traded companies saw a glaring need in the market for a service like Prospector. She founded Prospector as a partnership between her consultancy, Global Venture, andNorthern Light, a Boston-based industry leader in machine-learning powered management platforms, to develop the product.
“The goal is to attract new sources of capital to the mining industry and to increase metal supply required for the renewable energy/electric vehicle economy of the future,” saidKing. “We want Prospector’s AI to open the door to millennials investing in mining and optimize deal flow for traditional investors.”
With the support of machine learning, Prospector synthesizes publicly available but dense technical data on mining projects and then presents results in a highly intuitive, searchable, and organized interface. The tool will help investors quickly find and fund mining assets, saving time and money, as well as preventing
them from overlooking prime opportunities. The Prospector platform will open to the public in Q2 2020, but product demonstrations can be requested at firstname.lastname@example.org.
A key feature of Prospector is the automated search and analysis of technical information found in NI 43–101 reports, a national instrument for the Standards of Disclosure for Mineral Projects within Canada that are required of mineral exploration and mining companies listed on both the Toronto Stock Exchange (TSX) and Toronto Venture Exchange (TSX-V). Disclosures covered by the 43–101 code include mineral exploration progress, reporting of resources and reserves, and more. NI 43–101 reports average 500 pages long and can reach 1000 pages, making investment analysis extremely cumbersome and time-sensitive.
Traditional methods of identifying promising mineral deposits or mines for investment are not helpful when the documents are so large and challenging to find on existing platforms. Prospector turns this public disclosure of highly technical data into market intelligence in a user-friendly search engine that even non-traditional mining investors can use and understand — putting a list of global mineral assets that fit investors’ critical investment criteria at their fingertips.
“The 43–101 report is the backbone of mining investment research and reporting,” said Nicholas LePan, Natural Resources Editor at Visual Capitalist, the Vancouver-based online media company that creates data-driven visual content focused on global trends, investing, technology, and the economy, reaching millions of investors per year. “However, current methods for reporting are outdated in a digital age where information is easily searchable and retrievable with a few keywords. Prospector brings NI-43–101 reports into the modern digital era to the professional and regular investor.”
Prospector offers customers tiered membership access for both retail and institutional investors and family offices. Investors and subscribers search the world’s mining assets by their investment criteria (or those of their clients) to generate ‘deal flow’ of mining assets that fit. Prospector’s AI-powered capability saves time in identifying projects of interest and assists in M&A and due diligence work. Prospector allows investors to select companies and mines to compare and contrast in a comparison dashboard and analyze social media, market intelligence, and reporting on individual companies and commodities.
Prospector increases transparency, providing a level playing field to quality mineral projects and generates “proprietary deal flow” for each subscriber — a unique differentiator in the market as generalist investors come back to mining and as the mining industry desperately needs new, innovative sources of capital.
“Partnering with Northern Light on Prospector enabled us to solve a complicated search and content aggregation problem,” said King. “43–101s are lengthy, complex documents with many formats and data
tables embedded in them. Investors seeking to mine them for a nugget of insight will greatly appreciate the power and versatility of our machine learning-enabled Prospector application developed by Northern Light.”
“We can’t transition to a low-carbon, high-tech economy without mining the copper, gold, and rare earths needed to make solar panels, lithium-ion batteries, wind turbines, and electric cars,” said King. “We want to get millennials and tech and green energy investors to support the new economy by investing in the mines we need to make that new economy a reality.”
C. David Seuss, CEO of Northern Light, said, “Emily King brings a deep understanding of the mining industry and investor needs and clearly articulates investor frustration with the existing tools available for analyzing mining investment offerings. With her understanding of the use case and Northern Light’s understanding of search and machine learning technology, we have collaborated to produce the definitive solution for mining investment research.”
NorthernLight has provided knowledge management platforms for strategic research to global enterprises since 1996. The company pioneered the application of machine learning and artificial intelligence for the automated analysis and extraction of meaning from large collections of research and market intelligence, and its SinglePoint™ enterprise knowledge management platform was honored as one of KMWorld’sTrend-Setting Products of 2019. Northern Light’s current clients includeFortune1000 leaders across multiple industries such as information technology, pharmaceuticals, telecommunications, and life sciences has over 250,000 individual users of its strategic research portals. Headquartered in Boston, Massachusetts, Northern Light has unique content aggregation partnerships with more than 150 of the world’s leading syndicated technology and industry research publishers, aggregate business and
technology news from over 6,500 news sources, and is a charter member of the Center for Complex Systems and Enterprises at theStevens Institute of Technology.
About Global Venture
Global Venture incorporates new emerging technology and collaborates across the industry to develop new systems and processes, leading to a higher return on investment and more efficient and sustainable growth. Our increasingly connected world and the availability of disruptive technologies have led to insight never before available on how minerals are mined, sourced, and used. Global Venture specializes in the natural resource sectors of emerging and frontier markets.
Original Posting: https://prospectornews.medium.com/global-mining-expert-launches-prospector-an-ai-powered-zillow-for-mining-industry-d1dffaab73e7
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