Calgary-based GeologicAI has acquired Lumo Analytics, adding Laser-Induced Breakdown Spectroscopy (LIBS) technology to its growing suite of tools for the critical minerals industry.
The deal brings Lumo’s compact, field-tested LIBS scanner into GeologicAI’s platform, allowing mining companies to rapidly analyze rare-earth and light elements directly at the source. LIBS uses high-energy laser pulses to generate a chemical “fingerprint” from rock samples, delivering fast, non-destructive geochemical insights that can accelerate exploration and resource evaluation.
GeologicAI says the acquisition positions it as the only fully integrated provider of on-site sensor data and decision modelling for critical minerals. The company has already scanned more than two million metres of core and will now extend its Resource Knowledge Systems to elements traditionally difficult to detect.
“This acquisition represents a key step forward in our mission,” said CEO Grant Sanden, citing the industry’s growing need for faster, higher-quality geological data. Both companies said operations and customer support will continue uninterrupted, with further investment planned in Lumo’s LIBS technology.
Earlier this year GeologicAI raised $60 million in Series B funding to scale its AI-powered mineral exploration platform globally. 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.
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