METS

Global UAV starts to fly

Microcap drone company hits small revenue milestone

Staff reporter
Global UAV starts to fly

CEO Michael Burns said the 65% year-on-year increase in 2018 Q1 revenue to C$537,153 was buttressed by contributions from its High Eye Aerial Imaging and Pioneer Aerial Surveys businesses.

"We are pleased with the second quarter revenue amounts, which represent Global UAV's strongest quarter to date," he said.

Global UAV is not providing guidance on its revenue outlook.

The company, which had a market capitalisation this week of about C$8.5 million, has described the unmanned aerial vehicle market as the "most dynamic and rapidly growing sector in the aerospace industry". The infrastructure, agriculture, military, transport, mining and public safety market segments constituted a potential US$109 billion UAV marketplace.

"Each industry sector holds vast opportunities," the company says in its latest presentation.

Snaring a 5% market share would equate to more than $5 billion of annual revenue.

Global UAV lists Integra Gold, Hudbay Minerals, IAMGOLD, Newgold, Osisko Mining and SSR Mining among its mining clients.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.