Cathay Company backs Frobisher’s first voyage
Labels: Cathay Company, Muscovy Company, Queen ElizabethIn early 1576, Martin Frobisher gained support from London investors connected to the Muscovy Company for a voyage to find a sea route to Asia through the Arctic (the Northwest Passage). Queen Elizabeth I signaled royal interest, helping legitimize the effort as both exploration and national strategy. This funding set the stage for three linked voyages that shifted from discovery toward mining hopes.