Highlights from the article:
Kobold Metals grows global exploration footprint
Amanda Stutt | February 5, 2021 | 2:19 pm Battery Metals Energy Intelligence Africa Australia Canada Cobalt Copper Lithium Nickel
.......KoBold, founded in November 2018, is backed by big names such as Venture capital firm Andreessen Horowitz and Breakthrough Energy Ventures. The latter is financed by tycoons including Jeff Bezos, Ray Dalio, Michael Bloomberg, Richard Branson and Bill Gates.......
.......House said KoBold now has active exploration projects in Zambia, Quebec, Saskatchewan, Ontario, and Western Australia, and that the firm has recently partnered with both minor and major miners, declining to name companies......
......House said that as they conduct geophysical surveys, they get the data in real time and make subsurface predictions based on machine algorithms that identify areas of high interest.
“What we’re doing is taking all manner of data about the psychics and chemistry of the earth’s crust…and aggregated huge amounts of information,” House said.
“THE GLOBAL PACE OF DISCOVERY IS NOT ANYWHERE CLOSE TO WHERE IT HAS TO BE TO STAY AHEAD OF GLOBAL WARMING. THE PACE HAS TO INCREASE”
Kurt House, CEO KoBold Metals
KoBold is using statistics to combine data and make predictions on the probability that at any point in the earth’s crust, [there is] an ore grade concentration with the right compilation. The company’s global database algorithms work across data sets, House said, making predictions about places where there is no data......
....“To solve global warming, we have to fully electrify the entire economy, including the transportation fleet. There are currently 1.3 billion cars on the planet,” House said. “By mid-century, that will be close to 3 billion, just light duty cars. To make all of those electric vehicles, as opposed to internal combustible engine, you’ll need more than $5 trillion worth of cobalt, nickel, lithium and copper. That’s incremental, in addition to all the demand for those materials, for just business as usual activities.”.......
https://www.mining.com/kobold-metals-grows-global-exploration-footprint/
TM.
