GeologicAI expands its horizons by acquiring resource modeling solutions

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CALGARY, Alberta – GeologicAI, a leading innovator in mining technology, is proud to announce the acquisition of Resource Modeling Solutions. This strategic move marks an important milestone in GeologicAI's commitment to growth and innovation.

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Known for its pioneering work in advanced geostatistical modeling of subsurface deposits for the mining sector, Resource Modeling Solutions (RMS) offers a wealth of advanced technologies and a talented team of professionals that perfectly complement GeologicAI's mission and values. This partnership will not only expand GeologicAI's products and services, but also open up new opportunities for both organizations.

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“We are delighted to welcome RMS to the GeologicAI family,” said GeologicAI Founder and CEO Grant Sanden. “This integration strengthens our position in the industry and increases our ability to deliver end-to-end technology solutions to our clients. It's a win-win for all parties involved. We will continue to expand our capabilities by integrating new and emerging technologies.”

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This strategic acquisition will have a positive impact on industry and the community as it creates opportunities for collaboration, innovation and knowledge sharing. The combined expertise of the two organizations leads to the development of advanced solutions that define the future of resource discovery and development, from rock scanning to mine planning.

Earlier this year, GeologicAI welcomed a major investment from Climate Technology Fund Breakthrough Energy Ventures and Export Development Canada Ventures. This transformational investment will enable GeologicAI to acquire and develop leading-edge technologies and support global scaling of its fleet of AI-powered robotic geologists, accelerating resource exploration and production to meet our planet's growing demand for essential minerals.

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For more information about GeologicAI and its recently acquired Resource Modeling solutions, go to [email protected].

About GeologicAI:

Based in Calgary, Canada, GeologicAI is revolutionizing resource exploration by developing AI-driven ground-scanning robots and software. Their technology creates the industry's largest collection of geologic data, dramatically improving workflows from exploration to production. For more information, visit www.geologicai.com.

About Resource Modeling Solutions:

Resource modeling solutions help today's mining, environmental and oil companies manage uncertainty and understand geologic variability to make the best decisions possible. For more information, visit www.resourcemodelingsolutions.com.

Check out the original version on businesswire.com: https://www.businesswire.com/news/home/20240213433071/kz/

Contacts

For media inquiries, please contact Jessica Andrew, GeologicAI Director of Business Development, [email protected]

LinkedIn: https://www.linkedin.com/company/geologicai

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