XtremeX Mining Technology
XtremeX Mining Technology Inc. (XMT) develops and commercializes hybrid coiled tubing drilling rigs, adapting oil and gas technologies for the mining sector. Their patented system offers faster, safer, and more sustainable drilling, improving speed, core recovery, and data quality compared to conventional methods. This enhances mineral exploration and resource delineation.
Funding Round: Series A
Funding Amount: $11M
Date: 14-Jan-2025
Investors: GoGreen Partners, Precision Drilling, Baker Hughes, Mines Venture Fund 1, LP
Markets: Mining Technology, Drilling Technology, Mining, CleanTech
HQ: Bellaire, Texas, United States
Founded: 2022
Website: https://www.xtremexmining.com
LinkedIn: https://www.linkedin.com/company/xtremex-mining-technology
Crunchbase: https://www.crunchbase.com/organization/xtremex-mining-technology
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