A firm backed by billionaires Jeff Bezos, Bill Gates, and Michael Bloomberg will carry out mineral research explorations to search Greenland for materials that can be used in electric vehicles after exploration company KoBold signed an agreement with a top mining company, according to a news release.
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 percent stake in the project, said the mining company, BlueJay, in a statement.
