ALS completed the acquisition of the exploration consulting and technology division of EarthLabs for $30m.

ALS, a testing laboratories company, completed the acquisition of the exploration consulting and technology division of EarthLabs, a technology company leveraging artificial intelligence and data science to transform the mineral discovery process, for $30m. "Today’s announcement solidifies our commitment to acquire, manage and monetize market-leading technology businesses. We founded the Company with the vision for a money ball approach to mining investing and with our recent acquisitions, we have a tremendous opportunity to deploy our model, with new tools and platforms we didn’t have before that will advance our offerings. The GoldSpot consultancy was originally formed to finance the development of in-house technologies, make discoveries, grow capital and acquire businesses. The sale of our ExplorTech consulting toolbox will accelerate the construction of our leaner, capital-light and more automatable product licensing portfolio with a significantly larger total addressable market," Denis Laviolette, EarthLabs Executive Chairman and President.