Business
Crest Resources Signs MOU on Generative Development Project; Appoints Jonas Lauren Norr to the Board of Directors; and Acquires Key Investments
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2020) - Crest Resources Inc. (CSE: CRES) ("Crest" or the "Company") is pleased to announce that it has
About this update from Mineral Road Discovery Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 6, 2020) - Crest Resources Inc. (CSE: CRES) (\"Crest\" or the \"Company\") is pleased to announce that it has accelerated the growth of its business via: JV with a Silicon Valley incubator/investor to create the next-generation venture capital ecosystem to create and fund revolutionary improvements in mineral exploration and other primary industry sectors; Appointment of renowned thought-leader Jonas Lauren Norr to the Crest Board, further cementing the expansion of Crest into new markets and complementing the management team created by Michael Collins; and Acquisition of significant investments in two pioneering mineral exploration companies, Inflection Resources Ltd. and Headwater Gold Inc., with both companies representing revolutionary approaches to exploration in their respective regions. MOU with Ethos Real Assets Crest has executed a Memorandum of Understanding (\"MOU\") to enter into a joint venture (the \"JV\") with San Francisco-based Ethos Real Assets to co-develop deep tech ecosystems generating venture backed solutions to innovate and solve for legacy business and infrastructure in the developed and developing world. Jonas Lauren Norr, the founder of Ethos Real Assets, has been at the heart of Silicon Valley's technological innovation for decades, seeking to harness the tools provided through the process of venture building and applied research to support technological solutions that will generate social impact and drive the innovation ecosystems of tomorrow. The JV will target core technologies that deliver impact while addressing the most pressing efficiency concerns for core industries including but not limited to: Natural Resources, Agriculture, Energy, and Healthcare, by utilizing ground-breaking solutions offered by artificial intelligence, robotics, chemistry, and the biosciences among others. Under the MOU, groundwork is slated to begin with the first sites as early as September 2020 with an initial cohort of solutions to be identified and alpha-tested by Q1 of 2021. The JV seeks to offer an innovative alternative to venture capital for core technologies with robust industry applications outside of the most active global innovation hubs. Crest President and CEO Michael Collins comments, \"Crest is driven to seek Alpha for our investors in resources and r...