Ideon Tech25 Sep 2024 12:19
The largest amount of DIGITAL funding, $16 million, is going to a project led by British Columbia (BC)-based Ideon Technologies with support from Dias Geophysical, VRIFY Technology, Fireweed Metals, and Simon Fraser University.
The $46 million project, dubbed Subsurface Intelligence to Unlock Critical Minerals Supply, aims to build, test, and deploy subsurface AI solutions that help the mining industry target and accurately map mineral deposits. The project is also expected to aid in the continuous monitoring of mine operations. Ideon raised a $21 million CAD ($16 million USD) Series A round in 2022 to help address the world’s looming critical mineral supply shortage.