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AI could be the recipe for faster, less-destructive minerals mining

Heather Clancy of GreenBiz reports on the use of AI in the mining process.

The C3 Take
  • The process of extracting critical minerals, which are necessary to produce solar panels, wind turbines, and EVs, can be inefficient and environmentally damaging. 
  • Large mining companies are exploring the possibility of using AI to cut costs and improve accuracy during exploration. 
  • One company claims that the use of AI cut the exploration window from to three years to two months while reducing costs by $3-5 million.
  • Technological breakthroughs  may better detect critical minerals like lithium and copper and reduce the mining industry’s environmental footprint in the process. 

“The other two companies are earlier-stage ventures. GeologicAI of Calgary, Alberta, is also a Breakthrough Energy investment; it disclosed a $20 million Series A round in late June. Boston-based VerAI Discoveries revealed its Series A infusion of $12 million back in early March. It, too, counts T. Rowe Price as an investor, along with Orion Resource Partners, Chrysalix Venture Capital and Blumberg Capital.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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