GeologicAI

GeologicAI is expanding its critical-minerals toolkit by acquiring Lumo Analytics and integrating Laser-Induced Breakdown Spectroscopy into its AI platform. The compact LIBS scanners deliver fast, non-destructive geochemical readings in the field, including rare-earth and light elements traditionally hard to detect.

The Calgary company says the deal completes an on-site sensing stack paired with decision modelling after scanning over two million metres of core. Chief executive Grant Sanden said miners need higher-quality data, faster. The acquisition builds on GeologicAI’s recent $60 million Series B as it scales globally across global markets.

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Calgary-based GeologicAI, which raised $60 million in Series B funding in July, has announced a strategic partnership and investment in Edge Copper to advance the Zonia Copper Project in Arizona. The Alberta cleantech’s AI-driven platform uses high-resolution sensors and machine learning to analyze drill core data in real time, improving exploration accuracy and reducing environmental impact.

GeologicAI president Patrick Redmond said the collaboration represents a “natural extension” of the company’s mission to enable high-confidence decisions in mineral discovery. Edge Copper aims to advance Zonia to shovel-ready status within four years amid growing global copper demand.

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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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Calgary-based GeologicAI has strategically acquired Resource Modeling Solutions (RMS), an Alberta-based geo-statistics and geo-metallurgy consulting firm. This move follows a successful $30 million funding round, including $10 million from Export Development Canada and $20 million led by Breakthrough Energy Ventures.

GeologicAI’s integrated digital rock analytics platform, which significantly shortens traditional year-long analysis processes to a week or less, stands to gain further expertise and capabilities from RMS.

The partnership is expected to foster collaboration, innovation, and knowledge-sharing in the industry, building on GeologicAI’s commitment to integrating cutting-edge technologies. Founded in 2013, GeologicAI is poised for major scale-up, including a significant workforce expansion in the coming years.

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Calgary-based GeologicAI has secured $20 million in Series A funding from Breakthrough Energy Ventures (BEV) to advance its AI-powered robot geologists.

GeologicAI is a global leader in rock and resource digitization services, utilizing its core scanning robot with high-resolution imaging, XRF, and hyperspectral data analysis. Their AI and machine vision capabilities enable faster and more accurate identification of underground resources, surpassing traditional methods.

GeologicAI’s digital rock viewing and analysis software provides geologists worldwide with instant access to AI-enhanced digital rock twins.

This investment recognizes the importance of key minerals for the transition to a low-carbon economy and supports GeologicAI’s innovative approach to resource analysis.

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