GeologicAI completed the acquistion of Lumo Analytics.

GeologicAI, a provider of high-resolution geological intelligence solutions for the critical minerals industry, completed the acquistion of Lumo Analytics, a provider of advanced laser-induced breakdown spectroscopy sensor technology enabling the rapid detection of light elements and rare earth elements. Financial terms were not disclosed. “The mining industry currently faces a ’critical minerals crisis’, requiring faster and more accurate data to bring resources to market. To address this, we are driving a strategy of bringing together enhanced data at the source, industry-specific domain expertise, and advanced, purpose-built analytics. This acquisition represents a key step forward in our mission,” Grant Sanden, GeologicAI CEO.