KoBold Metals Discovers Major Copper Deposit in Zambia

Backed by tech billionaires, the AI-driven mining startup plans to expedite construction of a new mine.

KoBold Metals, supported by Bill Gates, Jeff Bezos, and other billionaires, has found a significant copper deposit in Zambia, promising to be one of the world's largest.
The discovery is made possible through the use of artificial intelligence in identifying critical minerals necessary for the energy transition.
The startup is considering fast-tracking the construction of the mine, with potential costs up to $2 billion, and may start as early as 2027.
KoBold Metals' exploration efforts are part of a broader initiative to address the global shortage of essential minerals for renewable energy infrastructure.
The company is also exploring for other critical minerals, including cobalt, nickel, and lithium, across three continents.