Planetary Resources, a new space exploration venture backed by the likes of filmmaker James Cameron and Google execs Larry Page and Eric Schmidt, among others, is looking to pioneer a new industry and introduce a new type of natural resource. The company is currently scheduled to reveal all in a conference call on April 24th. Until then, the project’s purpose is subject to pure speculation, and there is one exciting theory out there.

Technology Review suggests that Planetary Resources will be in the business of asteroid mining, which, as said above, could take advantage of a brand new natural resource. It’s certainly an ambitious project, something that Cameron is all too familiar with. The project is being headed by X Prize founder Peter Diamandis, who gave a 2005 TED talk on the subject on asteroid mining and the possibilities involved.

via Gizmodo

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