GeologicAI acquires Resource Modeling Solutions

1 minute read
13 February 2024

On February 13, 2024, Enersoft Inc. (dba GeologicAI), a leading innovator in mining technology, announced its strategic acquisition of Resource Modeling Solutions (RMS). 

GeologicAI, based in Calgary, Alberta, is revolutionizing resource exploration by developing AI-driven core scanning robots and software. Its technology generates the most extensive geological dataset in the industry, significantly improving workflows from exploration to extraction. RMS, also based in Calgary, is known for its pioneering work in advanced geostatistical modeling of subsurface deposits for the mining sector. 

Gowling WLG advised GeologicAI with respect to this transaction with a team led by Frank Sur and that included Robert Carleton, Andrew Wong, Simanpreet Panaych and Andrew Miles (corporate); Paul Carenza and Anita Yuk (tax); Christopher Peng (patents); and Arielle Sie-Mah (employment); assisted by student-at-law Bailey Russell.

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