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Earth AI raises US$20 million for AI driven mineral exploration

Published by , Editorial Assistant
Global Mining Review,


Earth AI, a predictive explorer for clean energy metals using artificial intelligence (AI), has closed its oversubscribed round, announcing US$20 million in Series B funding.

Earth AI, a predictive explorer for clean energy metals using AI, has announced US$20 million in Series B funding. The oversubscribed round was led by Tamarack Global and Cantos Ventures. Participating investors include Overmatch, Alpaca, Sparkwave Capital, and significant support from existing investors including Y Combinator and Scrum Ventures.

New funding will drive AI and drilling technology development, and accelerate project value discovery. The company plans to increase the project pipeline to over 50 sites, and increase drilling capacity to 100 000 m at an industry beating approximately US$100/m cost.

Founded in 2017, Earth AI is disrupting the mining industry through its AI-powered mineral targeting platform (MTP) that is capable of rapidly identifying mineral resources in previously untapped areas at a fraction of the cost. Combined with proprietary mobile low disturbance drilling technology (MLD), the company's approach has achieved an industry-leading discovery success rate of 75% (compared to an estimated industry average of 0.5%), while reducing exploration costs by up to 80%.

“Despite the tremendous global need for mineral resources for everything from the energy transition to day-to-day life, new mineral deposit discoveries are notorious for being expensive and time consuming,” said Roman Teslyuk, founder and CEO of Earth AI. "Earth AI is changing this paradigm using its proprietary AI and drilling technology that has already made verified discoveries in greenfield regions. This new round of funding will be critical to expanding our operations and establishing a pipeline of attractive new mining projects for the industry.”

Read the article online at: https://www.globalminingreview.com/mining/31012025/earth-ai-raises-us20-million-for-ai-driven-mineral-exploration/

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