New Partnership with Prospector· Minerva’s artificial intelligence technology is finally garnering the attention of some big names as an important piece of technology for analyzing exploration and natural hazard data. This morning, the company announced a significant contract with Prospector, a search engine for the mining industry, where Minerva’s technology will be implemented as part of Prospector’s search function capabilities. The target maps being developed by Minerva will help users save time and bridge gaps in knowledge by providing both explanations of how targets were identified, and by providing advice on which missing data have the largest impact on the prospectivity of each target.
· This news follows a recent corporate development out of the company where they provided an update to investors on the previously discussed commercialization strategy. Important to note is that the company disclosed that they had landed the largest natural hazards contract in company history as well as the debut of the company’s first SaaS contract.
· While the company has previously discussed its commercialization strategy, we believe these recent press releases show how far the company has come in a short six months. In speaking with management, there has been a fundamental shift in the way they are being viewed by prospective customers and are now winning more and more contracts.
· Trading at approximately cash value, a massive opportunity exists for investors to capitalize on the momentum that is being built in the company.
· Potential catalysts include:
o Additional contracts
o Acceleration in revenue growth
o Launch of new products