XtremeX Mining offers a hybrid drilling technology platform that combines advanced rig hardware with data‑driven analytics to improve the speed and accuracy of mineral exploration for energy‑transition metals such as copper, cobalt, lithium, nickel, as well as gold and silver. The system is sold or leased to mining companies, who use it to reduce drilling costs and increase core recovery rates, generating revenue through equipment sales, leasing fees, and service contracts.
Funding
$11M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional mineral exploration drilling methods can be costly, environmentally impactful, and pose safety risks to personnel. Existing technologies often struggle to efficiently access deep deposits of energy transition and precious metals, hindering resource discovery and extraction.
Solution
XtremeX Mining Technology offers a hybrid coiled tubing drilling technology platform designed to enhance mineral exploration with improved safety, reduced environmental impact, and increased efficiency. The platform integrates electrification, automation, and cloud-based monitoring to enable deeper, more precise core sampling. By combining continuous coiled tubing, drill rod capabilities, and automated pipe handling, the system minimizes manual intervention and optimizes drilling performance. The technology aims to provide a more cost-effective and sustainable approach to accessing critical resources.
Target Audience
The primary target audience includes mining companies and exploration firms focused on identifying and extracting energy transition metals (e.g., copper, cobalt, lithium, nickel) and precious metals (e.g., gold, silver).
Features
- Hybrid coiled tubing drilling unit combining coiled tubing, drill rod, and top drive capabilities
- Electrically driven system with AC VFD for precise power supply and system response
- Automated pipe and core handling system to minimize manual intervention and enhance safety
- Cloud-based monitoring system for real-time data analysis and performance optimization
- Versatile applications including diamond core drilling, reverse circulation drilling, and directional drilling
- Reduced fuel and water consumption compared to conventional drilling methods
- Programmable logic and automation for optimized drilling parameter control