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Texas-based Shackleton Energy Company has already begun operations aimed at mining the Moon within the next few years. The company’s plans for mining and refining operations would involve melting the ice and purifying the water, converting the water into gaseous hydrogen and oxygen, and then condensing the gases into liquid hydrogen, liquid oxygen and hydrogen peroxide, all potential rocket fuels.
Shackleton CEO Dale Tietz says the water extracted would be used almost exclusively as rocket fuel to power operations both within Low Earth Orbit (LEO) – such as space tourism and the removal of space-debris – on the Moon, and further out into space. ‘We are a for-profit business enterprise moving forward, and so we are only going there really for one reason and that is to mine, prospect mine and harvest water for rocket propellant production,’ says Tietz.