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Mining firm backed by Bezos and Gates to begin Greenland drilling

Jacob Gronholt-pedersen writes in Reuters on a mining in Greenland.

The C3 Take
  • KoBold Metals, a mining firm backed by Bill Gates and Jeff Bezos, will begin mining for rare earth metals in Greenland.
  • The company uses AI and machine learning to find minerals.
  • KoBold Metals expects to drill some 3,000 meters this year.
  • Rare earth metals are essential to powering EVs, solar panels, cellphones, and even fighter jets.

“The joint venture will use drones to make a high-resolution magnetic survey of the area and plans to drill a total of 3,000 metres this year to depths of between 150 and 400 metres where the metals are located.”

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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