JP Morgan helps MineSense raise $42m to close copper gapJP Morgan helps MineSense raise $42m to close copper gapJP Morgan helps MineSense raise $42m to close copper gapJP Morgan helps MineSense raise $42m to close copper gap
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JP Morgan-backed financing paves way for further MineSense growth
December 7, 2022
J.P. Morgan leads US$42 million MineSense funding
December 7, 2022

Canadian digital mining solutions firm MineSense Technologies has raised $42 million in an investment round led by JP Morgan Asset Management, which will help it speed up the commercial release of a tool that could help close an expected copper deficit.

The privately-held firm specializes in data-driven solutions that improve ore grade control, operational profitability and carbon intensity across the metals mining industry, with focus on the copper sector.

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ABOUT MINESENSE

MineSense is a category-defining business that will play a key role in reshaping our global economy for the greater good of people and planet. MineSense is a pioneer in digital mining solutions, supplying real-time, sensor-based ore sorting for mines. Our signature solution is ShovelSense®, a robust sensor installed on mining equipment to scan and measure the grade of the material in every bucket. Real-time ore characterization provides superior actionable data to enable automated smart truck diversions: mill, stockpiles, or waste dump to greatly reduce both ore losses and dilution. The increased real-time visibility of your orebody provided by ShovelSense® drives improvements in your mine’s efficiency, profitability, and sustainability.

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