Our business model

We’re in the exploration business; we create value by making discoveries and expanding existing resources. Our business model is to deploy our technology and to invest our own capital to make discoveries and to expand and develop existing resources.

Who we are

KoBold Metals is a mineral exploration company that uses machine learning and other scientific computing techniques to increase the ethical supply of critical materials (i.e., Ni, Co, Cu, Li, Pt, and Pd) needed to build electric vehicles and personal electronics. Many new mines will be needed if electric vehicles are to become widespread, but before new ore deposits can be mined, they must be found.

KoBold is the first full-stack exploration company. We combine the world’s top mineral explorers with an outstanding team of data scientists and software engineers to bring a comprehensive skill set to bear on exploration. Our technology has been built from scratch by alumni of top Silicon Valley software companies to guide every aspect of mineral exploration as well as mine development and operations. Our team consists of dozens of PhDs in physics, math, materials science, and geophysics, as well as top mineral explorers who collectively have >300 years of exploration experience and have made nearly 20 discoveries.

Our Technology

Our data platform,TerraShed™, aggregates and structures vast collections of scientific data. And Machine Prospector™ , our suite of algorithms, interrogates that data with a range of techniques—from computer vision, to full-physics joint inversions, to ensemble machine learning—to predict the composition of the subsurface in a statistically valid manner.

The careful use of statistics is an essential component of exploration and mine development given the data’s inherent uncertainty, and Machine Prospector™ rigorously quantifies how new data will decrease prediction uncertainty. These predictive models are used to guide our decisions of where to acquire land, what field data to collect, and where to drill to discover new ore deposits.

Our investors

KoBold Metals is privately held and backed by investors committed to the long-term development of new battery metal resources. Our principal investors are Breakthrough Energy Ventures, a climate technology fund overseen by Bill Gates, Jeff Bezos, and other global business leaders; Andreessen Horowitz, the premier Silicon Valley venture capital fund; and Equinor, the Norwegian state oil company.