GeologicAI, a leading innovator in mining technology, has announced the acquisition of Resource Modeling Solutions (RMS), a company focused on providing advanced geostatistical modelling of subsurface deposits for the mining sector.
This strategic move, GeologicAI says, marks a significant milestone in the company’s growth and commitment to innovation.
GeologicAI is a technology company that uses proprietary core sample scanning hardware and artificial intelligence to help geologists eliminate guesswork and improve workflow, it says.
RMS brings a wealth of cutting-edge technology and a team of talented professionals that complement GeologicAI’s mission and values, the company added. This partnership not only expands GeologicAI’s product and service offerings but also opens new possibilities for both organisations.
GeologicAI founder and CEO, Grant Sanden, said: “We are thrilled to welcome RMS to the GeologicAI family. This integration strengthens our position in the industry and enhances our ability to deliver groundbreaking end-to-end technology solutions to our clients. It’s a win-win for all parties involved. We are focused on continuing to expand our capabilities by integrating new and emerging technologies.”
This strategic acquisition will have a positive impact on the industry and the community, GeologicAI says, creating opportunities for collaboration, innovation and knowledge sharing. The combined expertise of both organisations will lead to the development of advanced solutions that will define the future of resource discovery and development, from rock scan to mine plan, it said.
Earlier this year, GeologicAI welcomed major investment from climate technology fund Breakthrough Energy Ventures along with Export Development Canada Ventures. This investment enables GeologicAI to acquire and develop leading technologies and supports global scaling of its fleet of AI-powered robot geologists, accelerating resource exploration and extraction to meet our planet’s increasing demand for critical minerals.
