VerAI Discoveries, an innovative, AI-based mineral asset generator that significantly improves the probability of finding vital metal deposits critical to the current and future economy, today announced it completed a $12M Series A funding round including funds and accounts advised by T. Rowe Price Associates, Inc., and other investors Orion Resource Partners, Chrysalix Venture Capital, and Blumberg Capital.

VerAI Discoveries is an innovative, AI-based mineral asset generator that disrupts the mineral exploration industry by dramatically improving the probability of discovering critically needed mineral deposits. With VerAI's AI-driven approach, which incorporates machine learning searching capabilities in magnetic, gravimetric, electromagnetic, and seismic data, previously concealed mineral deposits can now be detected at a rate two orders of magnitude more effectively than human-centric techniques. With its deep partner ecosystem, VerAI accelerates the ability to leverage these vital mineral deposits to help lead the green-energy transition into a more sustainable future.