Colorado may host asteroid mining company

The Colorado Economic Development Commission recently approved millions in economic incentives it believes will attract a pair of companies, one of them being an asteroid mining company.

According to the Colorado Springs Gazette, the start-up group Project Cobalt is eyeing Denver County in hopes it will be “suited for space resources as the legal framework for space activities.”

The financial backing is performance-based for the company, which said it will have an asteroid mining focus. Based in the Netherlands, the four-employee outfit is also looking at the United Kingdom and Luxembourg to serve as its headquarters.

“The team is working to enable mining of near-Earth asteroids for abundant mineral resources that are carbon neutral and sustainable,” the Gazette reported of the company’s state-filed application.

“The company is hopeful that the ownership of space resources be secured in national legislation.”

Source: Colorado Springs Gazette

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