Novamera

Novamera is a Canadian company that develops surgical mining technologies for precise mineral extraction. Founded in 2019, the company has created a suite of proprietary hardware and software solutions that integrate with conventional drilling equipment to enable mining companies to extract high-value narrow vein deposits that are otherwise uneconomic due to size, geometry, or orientation. Novamera's technology utilizes a Guidance Tool that defines orebodies in high resolution in real-time, providing 4,900% more subsurface data than previous methods. The company leverages algorithms, AI, and machine learning to calculate precise trajectories for extracting high-value deposits while leaving waste in the ground.

The surgical mining process developed by Novamera produces approximately 95% less waste and 44% less greenhouse gas emissions compared to conventional mining methods. It also requires a smaller footprint, uses no blasting, and minimizes water discharge. The company estimates that its method can unlock over USD 6 trillion in narrow vein deposits that are uneconomic to mine using traditional underground or open-pit mining methods. Novamera projects its revenue to reach USD 982,013,400 by 2032, with an estimated USD 30 million per project.

In late 2022, Novamera completed an in-field demonstration of its surgical mining technologies in Baie Verte, Newfoundland, showcasing the technical capabilities of its proprietary guidance tool, the operational impact of real-time data in a production setting, and the economic potential of surgical mining. The company's technology has attracted interest from both junior mineral explorers and developers, as well as larger mining companies.