VANCOUVER, BC, Sept. 16, 2020 /CNW/ - Minerva Intelligence
Inc. (TSXV: MVAI) ("Minerva" or the "Company"), an artificial
intelligence company focused on knowledge engineering, is pleased
to announce the signing of its first commercial subscription
contract for LEO, the Company's web-based document management
software built for the mining and exploration industries, with
Orogen Royalties (TSXV: OGN) ("Orogen").
LEO helps organizations manage and find their mining and
exploration files by using OCR to digitize files, then indexing,
auto-tagging and geotagging the unstructured documents using
geology and mining vocabularies optimised for combined researcher
and AI applications. LEO then provides search functions in a
context designed to enhance multi-disciplinary use of these
documents across the organization.
"With LEO, we are able to quickly search through thousands of
documents using keywords related to our prospect-generation
activities," said Dave Groves,
Orogen VP Exploration. "LEO's powerful functionality and ability to
work with synonyms is particularly important to our evaluation of
large collections of legacy documents. Its automated OCR
makes bringing those legacy documents into our library a
cinch."
Using LEO, an organization can finally add their legacy files to
their current data library and put them to work, allowing the
entire library to be searched and reasoned with by geologists in
optimal preparation for downstream AI applications.
"We are thrilled to have Orogen as our first client for LEO,"
said Scott Tillman, Chief Executive
Officer of Minerva Intelligence. "Orogen has been a key partner in
the beta-testing phase of LEO, and we are gratified that they see
the value in such a unique and powerful application."
Mr. Tillman continued, "Most mining and exploration companies
have silos of underutilized data, and LEO represents a unique
opportunity to finally to crack open their archives to extract
valuable insights from their data. Our contract with Orogen further
validates our belief that there is a real need and demand for what
Minerva solutions are able to offer."
More information on Minerva's LEO application can be found at
https://minervaintelligence.com/LEO
About Minerva Intelligence, Inc.
Minerva Intelligence Inc. is a knowledge engineering company
based in Vancouver, Canada, with a
subsidiary office in Darmstadt, Germany. Their proprietary evidence-based
decision-making software is bringing the benefits of artificial
intelligence technology to industries dependent on reasoning with
complex technical and scientific data.
Although Minerva's applications currently focus on earth
science-related domains including natural hazards and mineral
exploration, their technology has application in diverse
industries and domains.
Minerva's common shares are currently listed on the TSX Venture
Exchange (symbol MVAI). For further details, please refer to
their website www.minervaintelligence.com or follow Minerva on
Twitter or LinkedIn.
About Orogen Royalties
Orogen is a new gold royalty company, created from the merger of
two well-established exploration companies: Evrim Resources and
Renaissance Gold. Orogen's mission is to create and acquire metal
royalties using its strengths as a prospect generator, as well as
its established business relationships across the mining industry.
Organic royalty generation will be driven by existing joint
ventures and alliances and through generative exploration.
Orogen is listed on the TSX Venture Exchange (OGN). For more
details on Orogen, visit www.orogenroyalties.com. You can follow
Orogen on LinkedIn, Twitter, or Instagram.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, the availability of financing to the Company
are forward-looking information that involve various risks and
uncertainties. Although the Company believes that the expectations
expressed in such forward-looking information are based on
reasonable assumptions, such expectations are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking information.
Forward-looking information is based on a number of material
factors and assumptions. Factors that could cause actual results to
differ materially from the forward-looking information include
changes in project parameters as plans continue to be refined,
future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions,
regulatory changes, delays in receiving approvals, and other risks
detailed herein and from time to time in the filings made by the
Company with securities regulatory authorities in Canada.
Mineral exploration and development of mines is an inherently risky
business. Accordingly, actual events may differ materially from
those projected in the forward-looking information. For more
information on the Company and the risks and challenges of our
business, investors should review our continuous disclosure filings
which are available at www.sedar.com. Readers are cautioned
not to place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE Minerva Intelligence Inc.
