[REUTERS]
“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.”
“The license holds metals such as nickel, copper, cobalt and platinum and the funding will cover evaluation and initial drilling.”
“KoBold is a privately-held company whose principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft (MSFT.O) co-founder Bill Gates, Bloomberg founder Michael Bloomberg, Amazon (AMZN.O) founder Jeff Bezos, and Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates.”
“Other KoBold investors include Silicon Valley venture capital fund Andreessen Horowitz and Norwegian state-controlled energy company Equinor.”
“BlueJay said previous studies found the area in western Greenland has similarities to the geology of Russia’s Norilsk region, a main producer of nickel and palladium.”
Read more: Billionaire-backed mining firm to seek electric vehicle metals in Greenland
2021-week32
