Mineral Forecast
Mineral Forecast is a geosciences AI company that provides a proprietary AI platform called Geo AI Advisor to mining and exploration companies. The platform integrates all available geological data and applies AI insights to help executives and geologists decide where to explore, drill, and optimize mining sites. Key products include Geo Insights Hub for data visualization and analysis, AI Targeting for identifying high-value mineral deposits, and Explainability Analytics for supporting drilling recommendations with detailed reports. The company targets various mining industries including base metals, precious metals, ferrous metals, rare earth elements, industrial minerals, and industrial metals. Mineral Forecast's solution accelerates exploration by making drilling 4 times more effective, speeding resource discovery by 25%, and reducing drilling costs by 30%, while ensuring full trust across enterprise teams. The company operates on a subscription pricing model with editions tailored for different team sizes and project scopes, supporting early to advanced exploration stages and mine-site optimization.
Mineral Forecast
Mineral Forecast is a geosciences AI company that provides a proprietary AI platform called Geo AI Advisor to mining and exploration companies. The platform integrates all available geological data and applies AI insights to help executives and geologists decide where to explore, drill, and optimize mining sites. Key products include Geo Insights Hub for data visualization and analysis, AI Targeting for identifying high-value mineral deposits, and Explainability Analytics for supporting drilling recommendations with detailed reports. The company targets various mining industries including base metals, precious metals, ferrous metals, rare earth elements, industrial minerals, and industrial metals. Mineral Forecast's solution accelerates exploration by making drilling 4 times more effective, speeding resource discovery by 25%, and reducing drilling costs by 30%, while ensuring full trust across enterprise teams. The company operates on a subscription pricing model with editions tailored for different team sizes and project scopes, supporting early to advanced exploration stages and mine-site optimization.
TL;DR
What they do: Geosciences AI platform (Geo AI Advisor) for mineral exploration and drilling optimization
Founded / HQ: Founded ~2014; headquartered in Santiago, Chile
Key claims: Makes drilling 4× more effective; speeds discovery by 25%; reduces drilling costs by 30%
Customers / partners: Includes SQM, Compañía Minera San Gerónimo, First Majestic Silver
Seed round closed Feb 26, 2024; reported investors include Alumni Ventures and Techstars