Jeff Bezos, Bill Gates, and other billionaires are backing an exploration for rare minerals buried beneath Greenland's ice

Business Insider
Business Insider
A drop of water falls off an iceberg melting in the Nuup Kangerlua Fjord in southwestern Greenland, August 1, 2017. David Goldman/AP Photo
  • Jeff Bezos and Bill Gates are among a group of billionaires backing a mineral exploration startup.
  • KoBold Metals wants to mine minerals in Greenland that can be used to power electric car batteries.
  • Greenland's ice is melting due to climate change, and it's providing access to precious minerals.

Jeff Bezos and Bill Gates are among a group of billionaires backing a company they hope will find resources for clean energy under melting ice in the western part of Greenland.

KoBold Metals, a mineral exploration startup powered by AI, is looking for rare and precious metals and minerals beneath Greenland's melting ice that can be used to build electric cars and renewable batteries.

"We are looking for a discovery that will be one of the largest, most significant nickel and cobalt deposits in the world, potentially capable of powering 100 million EVs," a spokesperson for KoBold Metals, told Insider.

A team of 30 people, including geologists, geophysicists, and pilots, is exploring Disko Island and Nuussuaq Peninsula, where the minerals and metals for the batteries and electric vehicles are believed to be in the hills and valleys.

KoBold is working with Bluejay Mining on the exploration. CNN reported it was the first media outlet with video of the team's work in Greenland.

"Fully electrifying the global economy is our generation's greatest challenge," the KoBold spokesperson said. "Partnering with this broad set of world-class investors will accelerate our efforts to find the key materials for the EV revolution."

The team in Greenland is using AI to find areas for drilling that can start next summer, according to CNN. In addition, the team is taking soil samples and using drones and helicopters to scope out the layers below the surface.

"It is a concern to witness the consequences and impacts from the climate changes in Greenland," Bo Møller Stensgaard, CEO of Bluejay Mining, told CNN. "But, generally speaking, climate changes overall have made exploration and mining in Greenland easier and more accessible."

Comments / 390


Let's see, electic cars to save the ice in Greenland...and we have to dig under the ice using diesel powered engines to get the materiels to make the batteries for the electric cars...and in the process, they destroy the ice, that they are trying to save in the first place. Makes total sense

Jon Leis

If they have to dig it up doesn’t that meant they would all that fossil fuel? That’s what they are already saying is bad for the “climate change.” Remember how they used to call it global warming. But that was debunked. Now it’s climate change, because it cannot be defined. If climate change were a real thing. Banks wouldn’t be giving 20-30 year mortgage loans. Look at all the other countries that have no regard for that lie. They are still functioning and no lie taking little people’s money for all the rich that are getting richer from the people who are believing the lie.


so they are going to destroy/disrupt Greenlands natural flora/fauna, which effects the globe, in order to save the world by means of electrical vehicles. I wonder what kind of "carbon footprint" they will have after that?


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