Calgary-based GeologicAI has raised $60 million in Series B funding to scale its AI-powered mineral exploration platform globally, positioning itself at the forefront of sustainable critical mineral development.
The round was led by Blue Earth Capital, with participation from mining giants BHP Ventures and Rio Tinto, as well as existing investor Breakthrough Energy—founded by Bill Gates to support climate innovation.
GeologicAI’s platform uses high-resolution sensors and advanced machine learning to scan and analyze drill core in real time. By delivering faster, more accurate geological insights, the company helps exploration teams increase efficiency, improve discovery rates, and reduce environmental impact—key advantages as the world races to secure supplies of lithium, copper, rare earths, and other transition minerals.
“A significant increase in the supply of critical minerals is essential for the energy transition,” said Kayode Akinola, Head of Private Equity at Blue Earth Capital. “GeologicAI is at the forefront of providing solutions to improve recovery while reducing the environmental footprint.”
CEO Grant Sanden said the company is now operating on five continents and will use the new capital to expand in major mining regions and advance its proprietary AI and sensor technologies.
“We are honored by the support of such visionary investors and industry leaders as we accelerate our mission and scale our impact,” said Sanden.
The investment underscores a broader shift toward digitization and decarbonization in the mining sector, where AI-driven tools like GeologicAI are reshaping how resources are discovered and developed.
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