Kobold Metals has identified a potentially vast high-grade copper deposit in Zambia, demonstrating the successful application of AI in mineral exploration and attracting significant investment.
The company has successfully raised nearly $500 million, part of a targeted $527 million funding round, reflecting high investor interest in its innovative approach to mineral discovery.
Kobold's shift from pure discovery to development showcases a strategic pivot, with a $2.3 billion plan to develop the copper resource in Zambia, highlighting its ambitious goals.
Utilizing AI, Kobold aims to revolutionize prospecting, significantly increasing success rates from the historical three out of 1,000 attempts, positioning itself as a leader in energy transition minerals.
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