Canadian Space Mining Corporation
Canadian Space Mining Corporation is a Toronto-based space and defence company developing dual-use deep-tech, including the LEUNR micro-nuclear reactor for lunar and remote power and the QASM space-based quantum gravimetry sensor for orbital resource detection, serving government space agencies and defence customers.
- Company typePrivate
- Founded2020
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Canadian Space Mining Corporation does
Canadian Space Mining Corporation (operating as Canadian Strategic Missions Corporation) is a Toronto-based, private space and defence company founded in 2020 that develops dual-use technologies for space exploration and terrestrial applications. The company operates through two wholly-owned subsidiaries: CSMC Nuclear, which builds portable micro-nuclear reactors including the Low Enriched Uranium Nuclear Reactor (LEUNR) evolved from a Canadian research reactor lineage and targeted for demonstration by 2029, and CSMC Labs, an R&D division covering quantum, robotics, nano-materials, electrochemistry, industrial automation, and space systems.
CSMC's two flagship technology programs are LEUNR, a Low Enriched Uranium micro-reactor aimed at providing power for Canadian defence, remote Indigenous communities, and lunar exploration, and QASM (Quantum Aeronomy and Subsurface Mapping), a space-based quantum gravimetry sensor system designed to detect subsurface resources from orbit for both space exploration and terrestrial resource challenges. The QASM program is being developed under contract with the Luxembourg Space Agency with early demonstrations scheduled for 2026, while the lunar nuclear reactor program is supported by a $1 million CAD R&D contribution from the Canadian Space Agency.
The business model is grant- and contract-driven rather than commercial: revenue comes from government R&D contributions and contracts from space agencies and defence programs, with named counterparties including the Canadian Space Agency (two awards), the Luxembourg Space Agency, and Innovation for Defence Excellence and Security (IDEaS). Customer segments span government space and defence, remote Indigenous communities, and commercial resource exploration, served through direct enterprise engagement rather than traditional marketing channels. The company employs 1–10 people and is led by CEO and Founder Daniel Sax, with former NASA astronaut Andrew Feustel as EVP of Strategy.
Canadian Space Mining Corporation firmographics
Firmographics- Name
- Canadian Space Mining Corporation
- Legal name
- Canadian Strategic Missions Corporation
- Website
- https://csmc-scms.ca
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Canadian Space Mining Corporation is a Toronto-based space and defence company developing dual-use deep-tech, including the LEUNR micro-nuclear reactor for lunar and remote power and the QASM space-based quantum gravimetry sensor for orbital resource detection, serving government space agencies and defence customers.
- Ownership category
- akta.pro rank
Canadian Space Mining Corporation industry classification
Industry- Product category
- Space and Defence Technology
- NAICS
- Nuclear Electric Power Generation (221113), Guided Missile and Space Vehicle Manufacturing (336414)
- SIC
- Industrial Instruments For Measurement, Display, And Control (3823), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)
Keywords
Where Canadian Space Mining Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Markets served
Canadian Space Mining Corporation business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure
Revenue model
- Government R&D Contracts: Revenue generated through government R&D contributions and contracts from space agencies for development of strategic technologies. Includes $1 million CAD contribution from Canadian Space Agency for nuclear reactor development.
- Space Technology Development Contracts: Contracts for developing space-based sensing and exploration technologies. Includes Luxembourg Space Agency contract for quantum sensing systems.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels2 records
Canadian Space Mining Corporation product offering
Product offeringCore offering
Canadian Space Mining Corporation (operating as Canadian Strategic Missions Corporation) develops dual-use space and defence technologies through two subsidiaries. CSMC Nuclear builds portable micro-nuclear reactors (LEUNR) for remote environments, defence, and space exploration, while CSMC Labs is an R&D division commercializing deep-tech in quantum sensing, robotics, nano-materials, and electrochemistry, including the QASM space-based quantum gravimetry sensor system for subsurface resource detection.
Product overview
Canadian Space Mining Corporation (also known as Canadian Strategic Missions Corporation) operates through two fully owned subsidiaries: CSMC Nuclear and CSMC Labs. CSMC Nuclear develops and builds the LEUNR (Low Enriched Uranium Nuclear Reactor), a micro-nuclear reactor adapted from Canadian research reactor technology for remote environments and space applications. CSMC Labs serves as the R&D division developing deep-tech solutions in quantum sensing, robotics, nano-materials, and electrochemistry. The company recently launched development of QASM, a quantum gravimetry sensor system for space-based resource detection, under contract with Luxembourg Space Agency.
Differentiator
Problem solved
Functional benefit
Products and services
- LEUNR (Low Enriched Uranium Nuclear Reactor) A micro-nuclear reactor evolved from an iconic Canadian research reactor, adapted for remote and commercial uses. LEUNR provides power solutions for Canadian defence, Indigenous communities, and space exploration, with demonstration targeted for 2029.
- QASM (Quantum Aeronomy and Subsurface Mapping) A space-based quantum gravimetry sensor system designed to detect subsurface resources from orbit. The technology enhances resource detection for space exploration and Earth's resource challenges.
- CSMC Nuclear A fully owned subsidiary focused on building safe and portable nuclear reactors for the most remote environments, drawing on mature technologies to deliver fleets of micro-nuclear reactors for defence, Indigenous communities, and space exploration.
- CSMC Labs An R&D division developing and commercializing deep-tech for commercial and defence applications, with domain expertise in quantum, robotics, nano-materials, electrochemistry, industrial automation, and space systems.
Quantifiable outcome
- Resource detection capabilities for space exploration and Earth's resource challenges
Companies that use Canadian Space Mining Corporation
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Canadian Space Mining Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Canadian Space Mining Corporation partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Luxembourg Space AgencycoreLuxembourg Space Agency awarded CSMC a contract to develop the QASM (Quantum gravimetry sensor system) for space-based subsurface resource detection. The project involves collaboration between Canadian, European, and Luxembourgian entities, with early demonstrations scheduled for 2026.
- Canadian Space AgencycoreCanadian Space Agency awarded CSMC a $1 million CAD R&D contribution to develop a nuclear reactor for lunar use. The project will advance reactor design, mission planning, and safety analysis, supporting Canada's ambitions in space exploration and resource extraction on the Moon.
- European Entities (unnamed)minorCollaboration with European entities as part of the QASM project development, contributing international expertise to the quantum sensing initiative.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Canadian Space Mining Corporation competitors and assessment
Company assessmentDirect peers
- X-energy: Gen IV advanced reactor developer (high-temperature gas reactor) targeting clean power for industrial and remote applications. Comparable to CSMC on Gen IV technology positioning and government/defence customer base.
- Terrestrial Energy: Canadian-headquartered advanced reactor company developing integral molten salt reactors (IMSR). Comparable to CSMC as a Canadian peer pursuing Gen IV reactor designs aimed at industrial and remote-power markets.
- Oklo: Advanced fission company developing compact fast reactors and microreactors for remote sites, defence, and space-adjacent markets. Direct comparator to LEUNR's micro-reactor architecture and remote-power go-to-market.
- Ultra Safe Nuclear Corporation (USNC): Develops micro-nuclear reactors and nuclear fuels for space exploration and terrestrial applications. Highly comparable to CSMC's LEUNR given its microreactor focus on remote power, defence, and space exploration.
- Redwire Corporation: Space infrastructure and dual-use technology company building sensors, deployable structures, and in-space systems for civil and defence customers. Comparable to CSMC on the dual-use space/sensing side of the portfolio.
Broad incumbents
- BWX Technologies (BWXT): U.S. nuclear components and fuel manufacturer with a growing microreactor programme (BWXT Advanced Technologies). Comparable to CSMC on nuclear reactor hardware development for defence and space applications.
- Westinghouse Electric Company: Established nuclear OEM developing the eVinci microreactor alongside its conventional LWR portfolio. Comparable to CSMC as a competing microreactor developer, though with substantially greater capital, supply chain, and regulatory resources.
Emerging players
- ispace: Lunar exploration company developing landers and resource-prospecting missions in partnership with space agencies. Comparable to CSMC on lunar-surface resource detection ambitions and CSA-adjacent programme alignment.
- AstroForge: Early-stage U.S. company focused on asteroid mining and in-space resource extraction. Comparable to CSMC on the 'space mining' brand positioning and the longer-term ambition to commercialize off-planet resources.
Regional players
- MDA Space: Canadian space technology company providing space robotics, satellite subsystems, and sensing payloads. Comparable to CSMC as a Canadian peer in the government-space and dual-use technology segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Canadian Space Mining Corporation social profiles
Digital presenceCanadian Space Mining Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Canadian Space Mining Corporation leadership team
Management profileNumber of profiles
Profiles5 records
Canadian Space Mining Corporation subsidiaries and ownership
Company hierarchySubsidiaries2 records
Canadian Space Mining Corporation funding detail
Funding detailFunding overview
Funding rounds9 records
Investors7 records
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Canadian Space Mining Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Canadian Space Mining Corporation
What does Canadian Space Mining Corporation do?
Canadian Space Mining Corporation (operating as Canadian Strategic Missions Corporation) develops dual-use space and defence technologies through two subsidiaries. CSMC Nuclear builds portable micro-nuclear reactors (LEUNR) for remote environments, defence, and space exploration, while CSMC Labs is an R&D division commercializing deep-tech in quantum sensing, robotics, nano-materials, and electrochemistry, including the QASM space-based quantum gravimetry sensor system for subsurface resource detection.
Is Canadian Space Mining Corporation a public or private company?
Canadian Space Mining Corporation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Canadian Space Mining Corporation founded?
Canadian Space Mining Corporation was founded in 2020. It employs 11 to 50 people.
Where is Canadian Space Mining Corporation based?
Canadian Space Mining Corporation is headquartered in Toronto, Canada, in the North America region.
How does Canadian Space Mining Corporation make money?
Two revenue lines are on record. Government R&D Contracts are the primary driver. The others are space Technology Development Contracts.
Who are Canadian Space Mining Corporation's main competitors?
Direct peers on record are X-energy, Terrestrial Energy, Oklo, Ultra Safe Nuclear Corporation (USNC) and Redwire Corporation. Broad incumbents are BWX Technologies (BWXT) and Westinghouse Electric Company. Emerging players are ispace and AstroForge. MDA Space is listed as a regional player.
Does Canadian Space Mining Corporation have an API?
No public API is recorded for Canadian Space Mining Corporation.
What industry is Canadian Space Mining Corporation in?
Canadian Space Mining Corporation's product category is Space and Defence Technology. Its primary akta.pro industry code is EUAKADAC, Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors). Its NAICS code is 221113 and its SIC code is 3823.