Bezos, Gates, and Bloomberg-Backed Mining Firm to Seek Electric Vehicle Metals in Greenland

A mineral exploration company backed by billionaires like Jeffrey Bezos, Bill Gates and Michael Bloomberg signed an agreement with Bluejay Mining to search for electric vehicle metals in Greenland.  The company, KoBold Metals, uses artificial intelligence and machine learning to search for raw materials, Reuters reports. Kobold will pay $15 million in exploration funding in […]

  • by:
  • 03/02/2023

A mineral exploration company backed by billionaires like Jeffrey Bezos, Bill Gates and Michael Bloomberg signed an agreement with Bluejay Mining to search for electric vehicle metals in Greenland.  The company, KoBold Metals, uses artificial intelligence and machine learning to search for raw materials, Reuters reports. Kobold will pay $15 million in exploration funding in […]

ad-image

A mineral exploration company backed by billionaires like Jeffrey Bezos, Bill Gates and Michael Bloomberg signed an agreement with Bluejay Mining to search for electric vehicle metals in Greenland. 

The company, KoBold Metals, uses artificial intelligence and machine learning to search for raw materials, Reuters reports. Kobold will pay $15 million in exploration funding in exchange for a 51 percent stake in the project. 

The funding will cover evaluation and initial drilling for metals such as nickel, copper, cobalt and platinum. 

Bluejay said studies found that the area in Greenland has similarities to Russia’s Norilsk region, the main producer of nickel and palladium. 

“This agreement is transformed for Bluejay,” the company’s CEO Bo Steensgaard said. “We are delighted to have a partner at the pinnacle of technical innovation for new exploration methods, backed by some of the most successful investors in the world.” 

Image: by is licensed under
ADVERTISEMENT

Opinion

View All

India considers surveilling insular island tribe who hates, kills outsiders

Officials are given the tall task of determine how to include the tribe without risking violence or e...

LIBBY EMMONS: Biden white knighted for Hillary Clinton by prosecuting Douglass Mackey but meme warriors never say die

Mackey was forced to do legal battle for his freedom over a grudge harbored by Clinton, Biden, and la...

BREAKING: Douglass Mackey to sue DOJ over meme prosecution

Mackey had been sentenced to seven months in prison over a meme he posted during the 2016 election se...

Greece freezes asylum claims from North Africans amid spike in migrant landings on southern islands

“Greece will suspend the examination of asylum applications, initially for three months, for those ar...