Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay Mining (JAY.L) to search in Greenland for critical materials used in electric vehicles.
Areas of Greenland are seen from an aerial helicopter tour near Kangerlussuaq, Greenland, May 20, 2021.
Saul Loeb/Pool via REUTERSCOPENHAGEN, Aug 9 - Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay MiningKoBold, 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% stake in the project, Bluejay said in a statement.
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