Mining industry deep search engine : Prospector
Prospector offers unlimited access to mining industry data? 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, and Northern Light, a Boston-based industry leader in machine-learning powered management platforms, to develop the product.
Prospector, a leader among the new guard of mining, today announced a collaboration with TMX Datalinx, TMX Group’s information services division, to offer a subscription-based platform to Canadian mining data. This platform will provide investors and the mining industry access to Canadian mining data including those mining companies traded on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) — both owned and operated by TMX Group. Through this agreement, Prospector’s platform will be synchronized daily with new technical reports and subscribers will have access to historical data.
TSX and TSXV are home to more than 1,100 mining issuers with a combined market capitalization of approximately $445 billion, as at May 31, 2020. In 2019, approximately 48% of the total global mining financing activity happened on both Exchanges. The agreement enables Prospector to rapidly scale and continue to reshape the industry by offering investors access to data with unprecedented ease.
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.
Founded by global mining expert Emily King, Prospector is a platform designed to improve the accessibility of mining investments. Powered by Artificial Intelligence, Prospector uses AI to offer unprecedented access to mining investment data. Discover even more info on Prospector.
“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.”