The Risti project covers approximately 160 sq. km in the Central Lapland Greenstone Belt. Credit: Aurion Resources
Aurion Resources (TSXV: AU) is teaming up with KoBold Metals, the mineral exploration company backed by Jeff Bezos and Bill Gates, to unlock the critical minerals potential of its Risti project in Finland.
KoBold’s technology centres around the use of artificial intelligence and machine learning to accelerate the discovery process of clean energy minerals such as copper, lithium and nickel. To date, the company has raised $1 billion from several funding rounds. A majority of the funds is being used to develop the Mingomba copper project in Zambia.
Under a definitive agreement signed on Wednesday, Aurion will grant KoBold the right to earn a 75% interest in a portion of the Risti project area covering 35 sq. km by spending $12 million on exploration, including $1 million within the first 18…
