Planetary Resources (PR) has announced that Bechtel has joined their core group of investors and will be a collaborative partner, helping PR achieve their long-term mission, which is to mine near-Earth asteroids for raw materials, ranging from elements used in rocket to precious metals, through the development of effective robotic explorations techniques  that are cost-effective. PR has multiple contracts to develop miniaturized and responsive technologies with far-reaching applications to space assessment, accessibility and resource recovery.

Co-Founder and Co-Chairman of PR, Peter Diamonds said “As we pursue our vision to expand the resource base beyond Earth; we’re extremely excited to announce this partnership with Bechtel. They are a world leader in the engineering, procurement and construction (EPC) industry. Bechtel has a history of consistently tackling the most challenging projects, beginning with the construction of the Hoover Dam more than 75 years ago.”

Riley Bechtel, Bechtel Chairman and Chief Executive Officer said “Planetary resources’ mission is ambitious, but they’ve assembled a world-class team to succeed. Our companies share a common vision to continually innovate and push boundaries, all aimed at contributing to a better quality of life. We look forward to joining the Planetary Resources’ team.”