Bluejay said KoBold Metals, which is backed by Breakthrough Energy Ventures, a climate & technology fund overseen Bill Gates, will use machine learning and other computing techniques that helps miners decide where to acquire land, what field data to collect, and where to drill.

Disko-Nuussuaq is a nickel, copper, cobalt, platinum magmatic massive sulphide project in Central West Greenland.

The companies have signed a joint venture agreement that means KoBold can earn 51% of Disko through a two-stage earn-in, Bluejay can maintain a 49% interest through proportionate funding of the project and will manage field operations.

"KoBold's technology is perfectly suited to discovering new resources at Disko. Our proprietary library of analytical tools, Machine Prospector, will enable effective deployment of exploration capital and maximize our chances of discovery at Disko-Nuussuaq," said Kurt House, CEO of KoBold.

Machine Prospector uses algorithms, to predict the composition of the subsurface "in a statistically valid manner", according to the company's website.

Bo Stensgaard, CEO of Bluejay, said the deal was "transformative" for his company.

"We are delighted to have a partner at the pinnacle of technical innovation for new exploration methods, backed by some of the most successful investors in the world. Disko is a project with great potential for the discovery of globally significant deposits of battery metals."

Dr. Peter Lightfoot, Technical Lead of Magmatic Systems at KoBold, said: "The Disko-Nuussuaq Property is centred in a region of extensive contaminated and metal-depleted volcanic centres where there is clear evidence for the equilibration of flood basalt magma with crustal sulfur with potential for the concentration of magmatic sulphides in shallow sub-volcanic intrusions. The rich inventory of government and exploration data provides an excellent starting point for KoBold to utilize proprietary technology to support exploration."