Exploration companies are businesses that focus on discovering new resources, such as minerals, oil, and gas. They conduct surveys and geological studies to identify potential sites for extraction. These companies play a crucial role in the natural resource industry by providing the raw materials needed for various products and energy. Many exploration companies operate in remote areas, often using advanced technology like geophysical surveys and drilling techniques to gather data. They may also collaborate with government agencies and other organizations to ensure compliance with environmental regulations and to promote sustainable practices in resource extraction.