Highlights

• Calgary-based GeologicAI secures $44 million Series B funding to accelerate global deployment of AI-powered drill core scanning tools.
• Investment led by Blue Earth Capital with strategic participation from mining giants BHP and Rio Tinto to enhance mineral exploration technology.
• Platform aims to optimize project timelines, reduce environmental impact, and deliver real-time, high-resolution data for resource development across five continents.

GeologicAI (opens in a new tab), a Calgary-based deep tech company transforming mineral exploration, has raised $44 million in Series B funding to accelerate its global deployment of AI-powered drill core scanning and decision-making tools for the mining industry. The round was led by Blue Earth Capital (opens in a new tab), with strategic participation from mining majors BHP and Rio Tinto, as well as continued backing from Breakthrough Energy Ventures.

This financing marks a milestone for GeologicAI, whose platform applies advanced sensors, proprietary AI, and geoscience modeling to scan and analyze drill cores on-site, delivering real-time, high-resolution data for exploration and resource development. The firm aims to expand across five continents, further enhance its tech stack, and support strategic partners in optimizing project timelines and reducing environmental impact.

According to Kayode Akinola of Blue Earth Capital, the investment aligns with the growing demand for scalable, low-footprint solutions in critical mineral supply chains, including those for lithium, copper, and rare earth elements. BHP and Rio Tinto, now both investors and customers, praised the startup’s ability to shorten discovery cycles, de-risk resource modeling, and cut wasteful spending.

Key Questions for Investors and Industry

• Can GeologicAI’s platform meaningfully accelerate rare earth exploration timelines, which often span over a decade?
• Will high-resolution, real-time data shift how juniors and majors assess orebody economics and permitting strategies?
• As AI tools proliferate in the mining industry, how will regulators, geologists, and investors validate the algorithmic outputs in resource classifications?

For Rare Earth Exchanges’ (REEx) investor audience, the GeologicAI model offers a promising leap in digital exploration infrastructure, potentially enabling faster identification of new REE deposits critical for EVs, wind turbines, and defense systems. But as with any emerging technology, scalability, field validation, and integration into legacy workflows remain key unknowns.

This Series B round signals growing confidence in the convergence of AI and mineral discovery—but also raises the stakes for execution. As supply chains strain under geopolitical tension and rising demand, tools like GeologicAI could help rebalance the mineral map—if they deliver.

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Source: GeologicAI Press Release, July 17, 2025.