The investments received by KoBold Metals hit the agenda like a bombshell. With the beginning of 2025, investment tours and new financial moves continue at full speed. World-famous entrepreneurs and investors Bill Gates and Jeff Bezos have set their sights on mineral deposits this time, here are the details of our news…
KoBold Metals Gets Stronger with $537 Million Investment Round!
KoBold Metals , a mining and artificial intelligence startup backed by Bill Gates and Jeff Bezos , has raised $537 million in its latest round of funding for the production of critical minerals for the energy transition . The investment brings the company’s valuation to $2.96 billion . Durable Capital Partners and other strategic investors participated in the round . KoBold aims to produce minerals such as copper, lithium and nickel, and compete with Western mining companies against their Chinese rivals.
Exploration with AI: KoBold Finds a Large Copper Deposit in Zambia!
KoBold Metals has taken a significant step forward in using AI to analyze historical data and discover new mineral deposits. The company has discovered a large copper deposit in Zambia at the $2 billion Mingomba field , which aims to produce at least 300,000 tons of copper per year by the early 2030s . CEO Kurt House said the majority of the new investment will be devoted to this project, and that KoBold plans to expand its mining operations to new regions such as Finland and Botswana in the future .
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