Goldspot Discoveries has built a machine‑learning algorithm designed to significantly improve mineral exploration targeting on regional and local scales and to mitigate exploration risk. The company plans to leverage its Goldspot Algorithm to stake acreage, acquire projects and royalties, and invest in public vehicles to assemble a portfolio of assets with attractive reward‑to‑risk profiles. Goldspot says the technology increases exploration efficiency and success rates in data‑rich environments and is working with partners to delineate targets in the Abitibi region, Ontario, West Africa, Nevada, Arizona and South America. The company seeks to create new investment opportunities for stakeholders while reducing downside risk. Financially, ThreeD Capital owns approximately 18% of Goldspot’s common shares and Goldspot recently completed a $1.3 million equity financing. The financing included participation from a prolific mining financier and Hochschild Mining, one of Goldspot’s early clients, and the company added Ramón Barúa and Sheldon Inwentash to its board.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2018