New funding highlights rising demand for critical minerals needed for electric vehicles, clean energy, and advanced technologies
London, United Kingdom, 6 May 2026 – Mining technology startup Lithosquare has raised $25 million in fresh funding to expand its AI-powered mineral discovery platform. The investment round was led by climate-focused investor World Fund along with Kindred Capital, reflecting growing global interest in technologies that can speed up the search for critical minerals.
Lithosquare uses artificial intelligence and advanced geological data analysis to help mining companies identify mineral deposits faster and more accurately. The company focuses on critical minerals such as lithium, copper, nickel, and rare earth elements, which are essential for electric vehicles, batteries, renewable energy systems, and semiconductor manufacturing.
Traditionally, mineral exploration has been expensive, time-consuming, and highly uncertain. Companies often spend years analyzing geological surveys and drilling sites before finding commercially viable deposits. Lithosquare aims to reduce that uncertainty by using machine learning models that can process large amounts of geological data and identify promising exploration targets more efficiently.
Industry experts say the demand for critical minerals is rapidly increasing as countries and industries shift toward clean energy technologies. Electric vehicle production, battery storage systems, and renewable infrastructure are driving global competition for reliable mineral supplies. This has created strong demand for faster and smarter mineral exploration solutions.
Investors believe AI-driven mining technologies could play a major role in improving exploration success rates while reducing operational costs and environmental impact. By improving data accuracy and reducing unnecessary drilling, digital exploration tools may help mining companies operate more sustainably.
The funding will help Lithosquare expand its technology platform, strengthen research and development, and increase partnerships with mining companies worldwide. The company also plans to grow its technical and data science teams to support future expansion.
The mining industry is increasingly adopting digital technologies such as artificial intelligence, predictive analytics, automation, and remote sensing to improve efficiency and decision-making. Experts believe companies combining mining expertise with advanced technology will shape the future of mineral exploration.
As the global race for critical minerals continues, AI-powered exploration companies like Lithosquare are becoming an important part of the evolving mining and clean energy ecosystem.
