The Elements of Innovation Discovered
The Elements of Innovation Discovered
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RIO Analytics and OneWatt, innovative companies showcased in the Prospect Mining Studio cohort, are taking unique approaches to a fast-growing mining technology, shifting from the old method of preventative maintenance to a future of artificial intelligence-enabled predictive maintenance. Arnhem, Netherlands-based OneWatt is utilizing AI for predictive maintenance in a remarkably interesting way, through sound. Predicting and detecting faults in industrial equipment, OneWatt...
Up next on the cohort of companies included in the Prospect Mining Studio lineup is Carbon Upcycling Technologies; a company that believes carbon is a resource, not a problem, and is developing a system that could lead to new methods of transforming emissions into carbon nanoparticle additives for commercial applications. By utilizing carbon dioxide emissions to cultivate nanoparticles that can enhance materials like concrete, plastics and batteries, the Calgary,...
Burgeoning startup LexSet is taking an innovative approach to artificial intelligence training by creating an infinite amount of information by generating synthetic data. Based in Brooklyn, New York, the now synthetic data generation company did not initially start with plans to become so. Originally focused on creating a spatially aware AI for interior design, their vast accumulation of data inevitably led them to discover the potential of synthetic data for powering visual...
Aptly named startup Phoenix Tailings seeks to transform a core concern within the mining sector, the waste materials from mining, into a profitable and sustainable new solution and market. Founded in 2018, Boston-based Phoenix Tailings saw potential untapped value in the waste left behind by the refining of metals and decided to get into the business of mining this mine waste, which could revolutionize the sector if done sustainably and economically. Intending to leverage this...
Newlab LLC, in collaboration with the Vimson Group, presented their Transformative Technology Applied to Mining event during an April 28 webinar showcasing Prospect Mining Studio. This partnership represents a cohort of startup companies that leverages the power of frontier technology to help the mining industry become safer and more sustainable through innovations across multiple fields of study. Founded in 2006, Newlab serves as a hardware-focused shared workspace, research...
Rupert Resources partnered with Exyn Technologies to map 30 underground mining stopes in three days using the world's first industrial-grade fully autonomous drone at the past producing Pahtavaara gold mine in central Lapland of northern Finland. Since its acquisition of the Pahtavaara mine in 2016, Rupert has undertaken extensive new exploration and geological modelling, utilizing the substantial amount of historical drilling data and 35 kilometers (22 miles) of underground...
