Asset Manager

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GeologicAI

GeologicAI combines multi-sensor core scanning and AI to serve top mining companies — the only integrated sensor suite for critical minerals.

GeologicAI

GeologicAI innovates the tools, technologies, and solutions for the mining industry that enable the ability to make critical, complex decisions without compromising confidence. We are the only company combining high-fidelity data, robust analytics, and domain expertise at every stage of the mining cycle. Be confident in your decisions with core scanning, core logging, and resource modeling.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

Canada

City

Calgary

Corporate office

Calgary, Canada

Principals

Grant Sanden

Chief Executive Officer

Mark Dekaban

President, GeologicAI

Mike Kelly

Board Chair

Sector focus

AI/MLIndustrial TechMining Technology

Frequently asked questions

What does GeologicAI actually do?

GeologicAI provides core scanning hardware and AI-powered software for the mining industry. Its systems capture RGB, XRF, hyperspectral, and LiDAR data from drill core, then use machine learning to log lithology, mineralogy, and geochemistry. The output feeds into resource models and mine planning software. The firm claims its process is 4x faster than manual logging (per the company's website).

Is GeologicAI an asset manager or a technology company?

GeologicAI is primarily a technology and services firm, not an asset manager. It sells scanning services, software subscriptions, and modeling consulting — it does not manage third-party capital or deploy investment funds. The firm does not disclose AUM or deployment figures.

Who leads investment decisions at GeologicAI?

GeologicAI does not have an investment committee in the traditional sense. Strategic decisions are made by CEO Grant Sanden, President Mark Dekaban, and a board chaired by Mike Kelly. The firm's board includes Chen Fong, Clayton Deutsch, Benjamin Hogan, and Chris Rivest (per the company website).

What is the Lumo Analytics acquisition?

In 2024, GeologicAI acquired Lumo Analytics, a firm that uses laser-induced breakdown spectroscopy (LIBS) for drill-core scanning. The deal added the ability to detect rare-earth elements and light elements, which GeologicAI says fills a gap in its sensor suite (per the firm, 2024). Financial terms were not disclosed.

Which mining companies use GeologicAI?

GeologicAI states it is 'tried and trusted by industry leaders' and names Agnico Eagle as a client. In a video testimonial, Agnico Eagle's Quebec Exploration Manager David Paquin Bilodeau says the technology 'will give geologists the tools to do more and to see more with the same drill core.' Other specific client names are not disclosed on the company website.

Does GeologicAI have any subsidiaries?

Yes. The parent company GeologicAI Inc. operates several subsidiaries: Resource Modeling Solutions (RMS), led by President Jared Deutsch; and Resource Exploration Strategies, led by President Patrick Redmond. Each subsidiary focuses on a different part of the mining value chain — modeling and exploration, respectively (per the firm website).

How does GeologicAI charge for its services?

GeologicAI does not publicly disclose its pricing model. Based on the firm's description of core scanning and digital core table software, it appears to offer project-based scanning services and software subscriptions. The company mentions a 'delivery model that is both sophisticated and low effort' but provides no specific fee structure.

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