Nucleus Capital’s Post

⛏️The mining industry urgently needs to become sustainable. 👷🏻In recent years, a new wave of startups has entered the market, changing mining operations for the better. Since 2020, investment in sustainable mining companies has more than tripled. 🪨From breaking rock with CO2 to extracting silicon with hydrogen: read about the startups to watch, according to our latest data: https://lnkd.in/eyMvbYMp #sustainablemining #climatetech #netzeroinsights #startups #extraction

👉🏼 Mining giant Rio Tinto made global headlines with its recent acquisition of Arcadium Lithium for $6.7 billion, making it one of the top three lithium miners in the world. This move aligns with Rio Tinto's focus on the green economy, as lithium is a crucial component in electric car batteries. But Rio Tinto is going a step further with the launch of an inaugural climate and deep tech accelerator for transforming and decarbonizing mining operations. The miner teamed up with Founders Factory to invest $14.4 million in global pre-seed and seed stage start-ups over the next three years. Investment will target technologies related to safe mine operations, decarbonization, exploration processing and automation. Startups in the first cohort include: Endolith, Prospectral, BLUUMBIO, Sunchem, Vycarb, Magmatic Bio Interesting new trends being explored include: AI being used to explore syntehtic routes for creating metals - potentially reducing the need for mining. Recovering metals from waste, and using chemistry to extract metals from waste water, as well as precision drilling. Thanks to Founders Factory's henry lane fox for the interview. This is a growing trend - large corporates setting up climate tech accelerators and harnessing new tech for decarbonisation across their operations. Subscribe to The Green Techpreneur (link in comments), to keep up to date with founder, investor and accelerator interviews from the frontlines of climate innovation! If you're a founder raising funds, get in touch at The Green Techpreneur to see how we can help! #accelerator #climatetech #startups #climateaction #innovation #investment Read the Forbes article here: https://lnkd.in/eya9aGMt

A really positive initiative. It’s unrealistic to expect that breakthrough solutions will be consistently created from within. In my experience, bureaucracy is the enemy of any innovative environment and it is why step change solutions incubated within early stage companies are more likely to succeed than those within a corporate innovation ecosystem. I look forward to the new ideas that get supported benefiting the entire industry to make more critical metals available with a lower carbon and environmental footprint.

👉🏼 Mining giant Rio Tinto made global headlines with its recent acquisition of Arcadium Lithium for $6.7 billion, making it one of the top three lithium miners in the world. This move aligns with Rio Tinto's focus on the green economy, as lithium is a crucial component in electric car batteries. But Rio Tinto is going a step further with the launch of an inaugural climate and deep tech accelerator for transforming and decarbonizing mining operations. The miner teamed up with Founders Factory to invest $14.4 million in global pre-seed and seed stage start-ups over the next three years. Investment will target technologies related to safe mine operations, decarbonization, exploration processing and automation. Startups in the first cohort include: Endolith,  Prospectral,  BLUUMBIO, Sunchem, Vycarb, Magmatic Bio Interesting new trends being explored include: AI being used to explore syntehtic routes for creating metals - potentially reducing the need for mining. Recovering metals from waste, and using chemistry to extract metals from waste water, as well as precision drilling. Thanks to Founders Factory's henry lane fox for the interview. This is a growing trend - large corporates setting up climate tech accelerators and harnessing new tech for decarbonisation across their operations. Subscribe to The Green Techpreneur (link in comments), to keep up to date with founder, investor and accelerator interviews from the frontlines of climate innovation! If you're a founder raising funds, get in touch at The Green Techpreneur to see how we can help! #accelerator #climatetech #startups #climateaction #innovation #investment Read the Forbes article here: https://lnkd.in/ehb4HxCW

How An Australian Satellite Startup Is Changing The Future Of Mining Australian based aerospace startup Fleet Space Technologies has developed satellite technology that is capable of accelerating the ability to make new discoveries of critical minerals and metals that are essential to the global energy transition, which has led to a flurry of innovative partnerships with both mining giants and early stage exploration companies. Venture backed satellite technology startups have been finding new applications for everything from reducing the methane emissions of oil and gas infrastructure to defense tech to preventing wildfires. What's happening, the big idea, and more: https://lnkd.in/eQ2-mSyi Featured | cc: Hemant Chaurasia, Robyn Clay, Matteo Genna, Louis des Landes, Chloé Leclerc, Isa Notermans, Flavia Tata Nardini, Matthew Pearson, Federico Tata Nardini, Fatimah Abdulghafur, Darren Burrows, Jose Fernandez, Martin Gal, Jan Hansen, Tim Jones, Laleh Khadangi, Talon Metals Corp. - Henri van Rooyen, Sean Werger, Vince Conte, Barrick - Kevin Thomson, Eagle Mountain Mining Ltd (ASX:EM2) - Tim Mason, Thor Energy PLC - Nicole Galloway Warland, Power Nickel - Terry Lynch, Kenneth Williamson, Geo, M.Sc. #aerospace #technology #energytransition

🚀 5 Key Takeaways from our interview with Founders Factory's henry lane fox on Rio Tinto’s Bold Move Toward Mining Innovation 🌍 1️⃣ $14.4M Investment in a Climate & Deep Tech Accelerator: Rio Tinto, in partnership with Founders Factory, is committing significant capital to early-stage startups that can revolutionize mining with greener, more efficient technologies. 2️⃣ Focus on Decarbonization: The accelerator targets the tough-to-disrupt heavy mining industry, aiming to help reduce mining emissions by 90% by 2050 while increasing production of key metals like copper and lithium to support the energy transition. 3️⃣ Global Reach for Breakthrough Startups: The accelerator is open to startups worldwide, seeking innovators from precision mining to logistics, and offering real-world field trials with Rio Tinto's support. 4️⃣ Cutting-Edge Technologies: Startups like Endolith (biological metal recovery) and Sunchem (sustainable metal extraction) are using AI, biology, and chemistry to disrupt traditional mining processes. 5️⃣ Mining’s Role in Climate Change: With mining responsible for 5-7% of global emissions, Rio Tinto’s efforts to decarbonize the industry are crucial for achieving net-zero goals by 2050. Read the full interview in The Green Techpreneur here and subscribe to keep up to date with the latest climate tech innovation and investor insights: Join our growing network, growing and building together! Reach out for support with your climate tech fundraise! https://lnkd.in/eiv7ik8W #Innovation #MiningTech #ClimateAction #Sustainability #Startups

Manhattan Venture Research published an initiation report on KoBold Metals, a California-based startup uniquely positioned at the intersection of AI and climate tech. Kobold employs a strategic fusion of geoscience, data aggregation, and AI to greatly improve the efficiency and success rates of mineral exploration projects, an area that has a mere ~1% success rate through conventional methods. With a multi-pronged revenue strategy, proven track record, first-mover advantage, and substantial venture capital backing, Kobold is well-positioned to bridge the wide demand-supply gap for critical EV battery minerals. 🔋 Without additional mining developments, Lithium and Copper markets are projected to face deficits of 700,000 tons and 4.7 million tons respectively by 2030. Kobold Metals, with its AI-powered solutions, is a key player in the energy transition, offering significant enhancements to exploration efficiency at low costs. A diversified revenue strategy that combines elements of software provision, strategic investment, joint ventures, and independent exploration, ensures significant revenue growth in the coming years. Rapidly growing end-use markets such as the electric vehicle market, hybrid vehicle market, and eVTOLs market, among others, are well poised to power the company's growth engine for the foreseeable future. Additionally, marquee investors including Andreessen Horowitz, Bond, and Breakthrough Energy Ventures, among others, validate the startup's credibility. Please read the full report here: https://lnkd.in/eYnhtWCn As always, we look forward to your comments and questions on this report. Thank you, The MVR Team

💎CDL-Vancouver Minerals Stream Spotlight Week Mentorship is at the core of the Creative Destruction Lab program. Admitted early stage ventures to the Minerals Stream benefit from the expertise of over 30 mentors, including operators, scientists, and investors in the mining and minerals industry. For the full list of mentors click here ➡ https://lnkd.in/dugtyqdq Get to know a few of our Minerals Stream Mentors: Sarah Applebaum: Partner at Pangaea Ventures, a leading hard-tech & impact venture capital firm. Sarah brings over a decade of experience in venture capital and company-building, with expertise in scaling early-stage ventures and venture financing. She led Pangaea’s investment into CDL-alumni pH7 Technologies, a company focused on critical metals recovery. Peter Bradshaw: Founder/co-founder of several successful companies which are now public, including FPX Nickel Corp, Orvana Minerals Corp, AQUILA RESOURCES LIMITED. Passionate about technology in resource extraction, Peter founded BRIMM - University of British Columbia to promote sustainable mineral extraction research. Peter has been directly involved in R&D and commercialization of inventions his whole professional life. He is also a member of the Canadian Mining Hall of Fame. Kulvir Singh Gill: Kulvir has worked with Fortune 500 clients across multiple industries, held several positions at Barrick Gold Corporation, and was the founding executive director of the Development Partner Institute. Today, he is a co-founder and board chair of the Seva Food Bank and serves on various boards, including Canada Nickel Company and Windfall Geotek. Kulvir is a recipient of the Queen Elizabeth II Diamond Jubilee Medal and a 2010 Action Canada Fellow. Chih-Ting L.: Founder and president of EELO Solutions, a strategist, entrepreneur, and independent director focused on a net-zero carbon future. A professional engineer with 20+ years of experience, Chih-Ting’s deep sectoral knowledge, expertise in ESG performance, and leadership in innovation has gained international recognition. She serves as a director at Sherritt International Corporation, Minviro, and several other organizations. Kirk Petroski: Kirk is the founder of ERE SERVICES, introducing GPS surveying to Northern Ontario’s exploration landscape, and co-founder of Symboticware, which provides real-time data solutions for the mining industry. Kirk has been a founding contributor and past president of the Sudbury Area Mining Supply and Service Association, contributes to the Global Mining Guidelines Group – GMG, and serves on the Board of Regents for the University of Sudbury / Université de Sudbury. Would your start up would benefit from the expertise of these mentors? Apply to the CDL Minerals Stream today! https://lnkd.in/ez43f-2 Applications for the 2024/25 cohort close on July 26th, 2024

⛏🌱 The mining industry, often associated with environmental degradation and labour exploitation, is undergoing a significant transformation. Driven by the global push for a sustainable and decarbonised future, mining startups are emerging as a driving force in this revolution. 📈 In 2023 and 2024, the mining industry witnessed substantial growth, fueled by the increasing demand for critical minerals essential for renewable energy technologies and electric vehicles. A key indicator of this industry’s transformation is the surge in venture capital (VC) funding for mining startups. A recent PitchBook report highlights this trend, mentioning that VCs are suddenly flocking to mining companies. In 2024 alone, VC investments in mining startups have reached an all-time high, surpassing previous records. 🤖 TFN lists six tech startups those are the first to be backed by this new Mining Tech Accelerator: https://lnkd.in/ekDvDWbF Endolith - Liz Dennett, PhD Prospectral - Tom Albrow-Owen, Gwenhivir Wyatt-Moon BLUUMBIO - Katherine French Sunchem - Daniel T. Sun, Dana Hernandez Vycarb - Garrett Boudinot Magmatic Bio - Oliver Siegel, Dhaarsi Jaksch, PhD, Tilmann Burckstummer #tech #funding #news #VC #mining #investment #innovation #technology

Mining is one of the world's most important industries, and opportunities are rife for transformation and innovation. This week, we're hosting a #MiningTech Takeover Week, a chance to highlight where we see the biggest opportunities to transform mining. First up this week, Tailings—find out what they are, and why they hold so much potential value for the industry 👇 Are you building in any of these areas? ➡️ Apply to our Rio Tinto Mining Tech Accelerator: https://bit.ly/3QYjLbs  ➡️ Recommend a startup: https://bit.ly/3yDEfjF George Northcott | Olivia Brooks | Rohan Silva | Jamie Rowles | Lee Bernasconi | Simon Lovick | David Hickson | Bianca F. | Jacob George | Rio Tinto | Pekka Santasalo | Dan Walker | Rachelle Doyle #miningtech #deeptech #startups #climatetech