Surgical Mining Technologies for more sustainable and data-driven mineral extraction.
In order to support electrification, the world needs a significant volume of critical metals and minerals—quickly. It’s estimated that we are currently facing a 14.6 billion tonne supply gap for just one generation of technology to phase out fossil fuels. Novamera has developed technologies to access and extract critical minerals directly while radically reducing environmental and social impact. The proprietary suite of technologies includes a Guidance Tool that can define orebodies in high resolution in real-time, allowing for 4,900 per cent more subsurface data than previous methods.
Algorithms, AI, and Machine Learning are leveraged to calculate precise trajectories to guide conventional drilling equipment to precisely extract high-value deposits while leaving the waste in the ground. Producing ~95 per cent less waste, and ~44 per cent GHG emissions, it is a fraction of the cost of conventional mining with the potential to radically reduce permitting development times. The transformative method can also unlock over $6 trillion in narrow vein deposits that are uneconomic to mines using traditional underground or open-pit mining methods. Novamera estimates roughly $30M/project, with revenue projected to reach $982,013,400 by 2032.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies:
Mining is the water that makes all boats rise. Without the raw materials to support battery manufacturing, we will not be able to meet decarbonization goals. Novamera's technologies can transform mining by equipping the sector with the data, hardware, and software to unlock new production while minimizing environmental impact.