Artificial Intelligence firm GeologicAI secures $44 million investment to leverage AI technology for mining essential minerals.
GeologicAI Accelerates Global Mineral Discovery for Electrification
GeologicAI, a Calgary-based technology company, is playing a critical role in accelerating the discovery and development of critical minerals essential for the global energy transition towards electrification. This is achieved by leveraging advanced AI and sensor technologies to enhance mining exploration efficiency, improve resource confidence, and reduce environmental impact.
The company's AI-driven platform combines real-time high-resolution sensor data with machine learning to analyze drill cores, enabling faster, more accurate evaluation of mineral deposits such as lithium, copper, and rare earth elements—minerals vital to electrification and clean energy infrastructure.
Key industry leaders have emphasized GeologicAI's impact. Blue Earth Capital sees the company as pivotal in increasing critical mineral supply while reducing environmental footprints, aligning with sustainable and efficient resource recovery. BHP Ventures highlights GeologicAI's ability to disrupt traditional costly and time-consuming workflows with AI-powered analytics, achieving 25% higher confidence intervals in resource estimates during real-world trials. Breakthrough Energy Ventures underlines GeologicAI's role in strengthening global mineral supply chain resilience by accelerating discovery and development, mitigating risks associated with geographic concentration of critical minerals. Rio Tinto recognizes the technology’s potential to transform project development timelines and reduce risks through high-resolution, real-time data.
The company has recently secured significant investment to scale its operations. GeologicAI has raised US$44 million in a Series B round, led primarily by Swiss impact investor Blue Earth Capital, with significant participation from BHP Ventures, Rio Tinto, and Breakthrough Energy Ventures—the latter founded by Bill Gates to back climate innovation. This investment group reflects a blend of private equity focused on sustainability and leading mining corporations investing in technologies that optimize mineral exploration and extraction aligned with energy transition demands.
GeologicAI's CEO, Grant Sanden, expressed pride in the impact the company has already had with its clients and welcomed the support of visionary investors and industry leaders. The company aims to utilize the new funding to scale its advanced geoscience platform, reshaping how ore bodies are discovered, evaluated, and sourced.
The collaboration with mining giants BHP and Rio Tinto signifies the mining industry's growing sense of urgency to unlock critical minerals like lithium and copper. GeologicAI continues to strengthen its position in the mineral pipeline essential for electrification with this collaboration, and its technology has the potential to revolutionize the mining industry, contributing significantly to a sustainable and efficient energy transition.
- Recognizing the critical role of technology in the energy transition, industry leaders like Blue Earth Capital and Breakthrough Energy Ventures have invested in GeologicAI, a Calgary-based company using artificial intelligence to discover and develop essential minerals for electrification.
- As part of its mission to strengthen the global mineral supply chain resilience, GeologicAI has secured significant funding from both finance powerhouses and leading mining corporations, such as BHP Ventures and Rio Tinto, who seek to optimize mineral exploration and extraction aligned with energy transition demands.
- With investments from visionary financial organizations and mining industry giants, GeologicAI is poised to expand its AI-driven platform, revolutionizing the mining industry by reshaping how critical minerals like lithium and copper are discovered, evaluated, and sourced for the energy transition.
