GeologicAI, a Calgary-based leader in AI-powered mineral exploration, has raised $44 million USD ($60.5 million CAD) in a Series B funding round to scale its innovative platform globally. The round, led by Blue Earth Capital with participation from BHP Ventures, Rio Tinto, and existing investor Breakthrough Energy Ventures, positions the company to meet the surging demand for critical minerals like lithium, copper, and rare earth elements.
GeologicAI raises $44M USD Series B for AI-driven mineral exploration.
Led by Blue Earth Capital, with BHP Ventures, Rio Tinto, and Breakthrough Energy.
Platform uses AI and high-resolution sensors for real-time drill core analysis.
Enhances exploration efficiency and reduces environmental impact.
Funds to scale globally, expand AI and sensor tech, and deepen market presence.
Addresses critical mineral supply needs for energy transition and AI growth.
GeologicAI’s platform integrates advanced machine learning with high-resolution sensors, including imaging, X-ray fluorescence, and hyperspectral data, to analyze drill cores in real time. This technology provides geologists and strategists with unprecedented insights, significantly improving exploration efficiency and decision-making. By reducing the environmental footprint of mining, GeologicAI aligns with the global push for sustainable critical mineral sourcing, essential for electrification and data center growth. “GeologicAI is addressing one of the mining sector’s most pressing challenges,” said Laurel Buckner, Vice President, Ventures at BHP.
The $44 million funding round, announced on July 17, 2025, will fuel GeologicAI’s global expansion, enhance its proprietary AI and sensor technologies, and strengthen its presence in key mining regions like the Middle East, South America, and Asia. “A significant increase in the supply of critical minerals is essential for the energy transition and specifically electrification,” said Kayode Akinola, Head of Private Equity at Blue Earth Capital. The participation of industry giants BHP Ventures and Rio Tinto underscores the platform’s potential to transform traditional mining workflows.
The World Bank estimates a 500% increase in critical mineral production is needed by 2050 to support clean energy technologies. GeologicAI’s technology accelerates the discovery and development of deposits like lithium and copper, vital for electric vehicles and renewable energy systems. “Today’s critical minerals are concentrated in just a few regions, making the global supply chain highly vulnerable to conflict and disruption,” said Carmichael Roberts of Breakthrough Energy Ventures. GeologicAI’s AI-driven approach aims to diversify and strengthen this supply chain.
Founded in 2013, GeologicAI has built a strong track record, with its 2023 $30 million USD Series A round supporting global rollout. The acquisition of Resource Modeling Solutions further expanded its geostatistics capabilities. “We have a proud track record of building partnerships with innovative companies who can bring new ideas to our business, and GeologicAI stands out as a catalyst for real change,” said Pekka Santasalo, Head of Growth & Ventures at Rio Tinto. The company’s technology has been validated across various mineral types and geologic environments, positioning it as a leader in sustainable mining innovation.
GeologicAI is the leader in bringing High Resolution Decision Engineering to the Global Critical Minerals Industry. Its unique, proven core scanning technology captures dramatically enhanced, critical data at the source - saving valuable time and expense. Combining this rich data set with advanced, purpose-built AI models and tools guided by deep domain expertise provides a clear path for the Critical Minerals Industry to harness and exploit powerful data driven insights. GeologicAI's unique combination of proven, practical, and powerful technologies is helping the world's leaders in mining and discovery make dramatically better resource, operations, and investment decisions, faster.
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