maybe they will buy us .13 Aug 2021 14:17
COPENHAGEN, Aug 9 (Reuters) - Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay Mining (JAY.L) to search in Greenland for critical materials used in electric vehicles.
KoBold, which uses artificial intelligence and machine learning to hunt for raw materials, will pay $15 million in exploration funding for the Disko-Nuussuaq project on Greenland's west coast in exchange for a 51% stake in the project, Bluejay said in a statement.
Shares in BlueJay traded 26% higher on the news.
The license holds metals such as nickel, copper, cobalt and platinum and the funding will cover evaluation and initial drilling.