By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > NASA sees moon lunar mining trial within the next decade
Commodities

NASA sees moon lunar mining trial within the next decade

News Room
Last updated: 2023/06/28 at 5:52 AM
By News Room
Share
3 Min Read
SHARE

BRISBANE (Reuters) – NASA is looking to develop resources on the moon that initially include oxygen and water, and eventually may expand to iron and rare earths, and has already taken steps toward excavating moon soil in 2032, a scientist said on Wednesday.

The U.S. space agency plans to return Americans to the moon as part of its Artemis mission, including the first woman and person of colour by 2025, and to learn from the mission to facilitate a trip to Mars.

A key part of the mission is advancing commercial opportunities in space. The agency is looking to quantify potential resources, including energy, water and lunar soil, as a goal to attract commercial investment, said Gerald Sanders, a rocket scientist at NASA’s Johnston Space Centre for 35 years.

Developing access to resources on the moon will be key to cutting costs and developing a circular economy, Sanders said.

“We are trying to invest in the exploration phase, understand the resources… to (lower) risk such that external investment makes sense that could lead to development and production,” he told a mining conference in Brisbane.

“We are literally just scratching the surface,” he said. NASA will at the end of the month send a test drill rig to the moon and plans a larger-scale excavation of moon soil, or regolith, and a pilot processing plant in 2032.

The first customers are expected to be commercial rocket companies who could use the moon’s resources for fuel or oxygen.

The Australian Space Agency is involved in developing a semi-autonomous rover that will take regolith samples on a NASA mission as early as 2026, said Samuel Webster, an assistant director at the agency.

The rover will demonstrate the collection of lunar soil that contains oxygen in the form of oxides.

Using separate equipment sent to the moon with the rover, NASA will aim to extract that oxygen, he said.

“This … is a key step towards establishing a sustainable human presence on the moon, as well (as) supporting future missions to Mars,” he said at the conference.

Read the full article here

News Room June 28, 2023 June 28, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Yahoo Finance: Market Coverage, Stocks, & Business News

Watch full video on YouTube

How A Million Miles Of Undersea Cables Power The Internet — And Now AI

Watch full video on YouTube

Tesla bull Dan Ives talks why he’s still bullish, AT&T COO talks wireless competition

Watch full video on YouTube

Why The U.S. Is Running Out Of Explosives

Watch full video on YouTube

REX American Resources Corporation 2026 Q3 – Results – Earnings Call Presentation (NYSE:REX) 2025-12-05

This article was written byFollowSeeking Alpha's transcripts team is responsible for the…

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Federal Reserve interest rate signals prompt oil price dip

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?