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Canadians to develop space mining tool

The device would prospect for water, ice and resources on the moon and beyond.

A Canadian company has inked a $700,000 contract with the country’s Space Agency (CSA) contract to develop a multi-purpose device designed for space mining.

Northern Ontario-based Deltion Innovations Ltd will work on the combination drill and rotary multi-use tool, or what the firm describes as a "space-age Swiss Army knife".

The project, part of the CSA's space technology development program, has been given the acronym "PROMPT" (Percussive and Rotary Multi-Purpose Tool), Canadian Press reports.

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