MineSense named one of Canada’s Clean Technology winners in Deloitte’s Technology Fast 50™ program

November 17, 2021 — MineSense Technologies Ltd. received a Clean Technology award, a new award category in the Technology Fast 50 program that recognizes Canada’s top clean innovators that provide processes, goods or services that reduce environmental impacts. The winning companies are ranked by their revenue-growth percentage over their last four years of operation, proving minimum revenues of $50,000 in 2017 and $5 million in 2020.

MineSense’s ShovelSense® system uniquely unlocks new smart data sets at a mine’s extraction face, by determining ore grade and characteristics in each shovel bucket. The real-time data measured in each scoop enables substantial increases in ore recovery from waste and decreases waste material processed by defining the material at a much more precise shovel bucket level versus the traditional mine block level that is dependant on sampling and interpolation. Trucks can now be automatically routed based on accurate, data-informed decisions that define what grade of material they are carrying. The needless transportation and processing of waste materials are greatly reduced, processing and metal recovery are optimized, resulting in reduced energy, water, and reagent consumption, and production of tailings. It also creates a significant increase in profitability for the mine. “We are proud to be included among Canada’s Clean Technology winners in Deloitte’s Technology Fast 50 program this year, shared Jeff More, MineSense’s President, and CEO. “Our ShovelSense technology developed in Vancouver is leading a new era in digital smart mining where we are truly making a difference in mining operations both domestically and worldwide.” Jeff proudly accepts this win on behalf of the MineSense team, whose expertise, inventiveness and passion developed and globally deploy the company’s transformative ShovelSense technology.

“We’re delighted to recognize Clean Technology winners, the program’s newest category. These outstanding companies are amongst the elite of Canada’s technology sector as clean innovators helping create a more resilient and sustainable future for the environment,” stated Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “With reduction of our carbon footprint and environmental impact of paramount importance, this new category awards innovators spearheading the clean technology movement, creating the sustainable business and technology landscape of the future.”

Eligibility in the Clean Technology category requires applicants to meet the same criteria as for Technology Fast 50 nominees except they must have a minimum revenue of $50,000 in 2017 and $5 million in 2020. The majority of the companies’ revenues must come from products or services that have a positive environmental impact in the following areas: carbon emissions reduction potential, resources circulation (reduce, reuse and recycle), or environmental preservation and safety.

About the Deloitte Technology Fast 50™ program                                           

The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program.

Celebrating business growth, innovation and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.

About MineSense Technologies Ltd.
MineSense, is a pioneer in digital mining solutions, providing real-time, sensor-based ore sorting and data analytics for large-scale mines.  With a fast, scalable, and robust mineral sensing platform, the system provides precise grade control and ore routing decisions at the point of extraction, maximizing resource conversion and metal recovery.  MineSense creates transformational value by reducing the carbon footprint during the entire mining process, while increasing revenue.

For further information: Karina Rogers, krogers@minesense.com Visit www.minesense.com for more information.