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https://www.wsj.com/articles/silicon-valleys-newest-unicorn-is-a-mining-company-9d22ea6c

Bill Gates-Backed Mining Company Is Silicon Valley’s Newest Unicorn

KoBold Metals raises $200 million to dig for copper, lithium using AI

By

Julie Steinberg

A drill rig in Zambia’s Mingomba deposit, where KoBold Metals recently acquired copper reserves.
A drill rig in Zambia’s Mingomba deposit, where KoBold Metals recently acquired copper reserves. Photo: KoBold Metals

Some of the tech industry’s most prominent investors are doubling down on one of Silicon Valley’s latest unicorns: a mining startup.

Berkeley, Calif.-based KoBold Metals, which explores for metals such as copper, lithium and cobalt using artificial intelligence, is raising around $200 million in a fundraising round, said co-founder and Chief Executive Kurt House. 

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Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.