Mining

“The challenge, though, is that it's still a stepwise way of de-risking and mining. A hundred million dollars today is not going to fundamentally change. I do not believe our ultimate success. If it did change that, we'd be out fundraising for a hundred million…”

“Mining is one percent of the labor pool globally, eight percent of work-related fatalities.”

“So the future of mining and eventually construction is going to be these fully autonomous operations, where labor shortage is a real problem in the industry, and so this allows a very small number of people to control a huge number of vehicles.”

“We're still doing the food thing, but then we're adding mining and transport.”

“And by the way, guess what? You need a lot of oil to even get that whole supply chain started because you need the mine.”

“Yes, I think the real impact of AI in the next. Five to 10 years really is going to be in farming, in mining, in construction, in self-driving trucks. That's where you're going to have a real impact.”

“I would just say that my, I guess my prediction would be that in 10 years, maybe or in 20, that just a unit of critical minerals drawn from recycling will be cheaper than a unit of Mind. I think. I think. Eventually. Like, I think it will end up being our prim…”

“We got into defense in about a year and a half after we started, and we, then we did construction and mining, and then commercial trucking, and So we got into all these adjacent industries to, like, also to diversify the company, right?”

“Mining sort of screams one of the largest markets in the world. Very little adoption of technology.”

“Canada has a lot more capital flowing into mining than the United States does today.”

“And like mining overall is a two to three trillion dollar industry, kind of, yeah, overall market size.”

“That means the economics are much better, because if you compare a high-grade and a low-grade deposit, a five percent and a 0.5% deposit, if they're producing the same amount of copper, they have the same revenue, But the high grade deposit, if you have 10 tim…”

“The average time it takes to build a new mine right now, pretty much everywhere in the world, 1520 years.”

“So to a first approximation, I think that a big part of decarbonization is basically a transition from the extraction of fossil fuels to the extraction of minerals. If you've got a sufficiently extended time horizon, then the bet is to go short oil and gas and…”

“And that's, you know, in, in, in the new map, the way I phrased it, is you go from big oil to big shovels, because you're going to need so much more mining, and the volume of mining, I think, is just not really recognized.”

“We can achieve 90, 98, 99% recycling rates on these, on, on these batteries, and over time, we'll get to the point where we do not have to mine them which is really, really exciting. But that will take more than a generation, unfortunately. We need a lot more …”

“So right off the bat, we said, look, we're not going to do any mining. We're not going to do any real estate outside of the US. We're not going to go to these parts of the world. It doesn't matter if that's in the index. We're just not doing it.”

“Before AI, literally people walked out with clipboards and yardsticks to figure out if they were in compliance. Airware instead gathers data from drones and then analyzes it.”