Portfolio company

Novamera

Details
Region
Ontario
Industry sector
Hardware
Investment year
2021
Fund
Industrial Innovation Venture Fund
Learn More
Investor
Guillaume Mercier
Guillaume Mercier

Partner

View profile
About the company

Novamera is disrupting the traditional mining industry by enabling the efficient and sustainable mining of previously uneconomic narrow vein mineral deposits. It has developed a patent pending technology that converts standard drilling equipment into industrial surgical devices. The company’s core technology is a downhole sensor (Near Borehole Imaging Tool or “NBIT”) that acts as the guidance system to enable conventional, commercially available drilling equipment to precisely extract ore and leave the waste in the ground. By offering a low capex, scalable surgical mining solution guided by a proprietary downhole sensor, Sustainable Mining by Drilling (“SMD”) makes it possible to generate immediate free cash flow and robust rates of return with a lower risk profile. In addition, SMD has a number of environmentally and socially friendly characteristics such as a smaller site footprint, less noise, no blasting, lower GHG emissions and reduced reliance on constructed waste storage facilities.