Planetary Resources in BC Looking for Investors

Just like the CEO's of many other junior engineering companies, Planetary Resources President and Chief Engineer Chris Lewicki was in Canada last week for the recent Vancouver Resource Investment Conference, organized by Cambridge House International.



Founded in 1995, Cambridge House organizes conferences, for public companies involved with mineral exploration and the supporting media, service providers, hedge fund managers, geologists, investing celebrities and industry analysts looking for networking and investment opportunities.

According to Lewicki, Planetary Resources was in town for both networking and investment. However, his company was also "absolutely" looking for more funding. In a January 21st, 2012 interview with Bridget Anderson for the Proactive Investors news organization, Lewicki stated:

Just like many things here on Earth this is going to take a little while to develop and it's going to take a fair amount of capital.and we've got a lot of that to begin with but we're certainly always interested in new people joining the team.

Although the long-term goal of the company is to mine asteroids, initial plans call for developing a market for small (30–50 kg) cost-reduced space telescopes for both Earth observation and astronomy. But even this more modest, intermediate goal requires investors with deep pockets, patience and tens of millions of dollars.

Current public backers include Canadian film director James Cameron, Google Chairman Eric Schmidt, Google founder Larry Page, computer software executive and space tourist Charles Simonyl and venture capitalist Ram Shriram.

The January 21st, 2013 Planetary Resources presentation to the Vancouver Resource Investment Conference is available for viewing below.