Calgary’s GeologicAI has secured $60 million in Series B funding to expand its AI-driven mineral exploration platform globally. Led by Blue Earth Capital, the round drew support from BHP Ventures, Rio Tinto, and Breakthrough Energy.
GeologicAI’s platform scans drill core using high-resolution sensors and machine learning to deliver real-time geological insights, improving discovery rates while reducing environmental impact. CEO Grant Sanden said the firm now operates on five continents and will use the capital to scale in key mining regions. The investment highlights mining’s shift toward digitization and sustainability amid growing demand for transition minerals.
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