As consumers snap up every EV that comes off the production line, car companies and battery manufacturers have scrambled to secure critical minerals supplies, a race that has only gotten more intense.
The critical minerals market will grow sevenfold by the end of the decade because of high demand. In order to bring new reserves online, mining companies have been moving quickly, but prospecting is a lot of work.
An easier way is available. Ideon Technologies, a startup that closed a $16 million Series A round last week, has a way to simplify the search for critical minerals. It is way out there. It's like outer space.
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