News Summary

Fleet Space, an Australian startup, has announced a significant breakthrough in mineral exploration by using its satellite-enabled AI technology to uncover a massive lithium deposit in Quebec. The startup’s innovative approach allows for the quick identification of commercially viable mineral resources, reducing the time taken for decision-making from weeks to just days. Fleet Space’s system, which incorporates a constellation of satellites equipped with advanced sensors such as electromagnetic and gravity-sensing, provides precise subsurface mapping. This technology is being utilized in the Cisco lithium project, which could yield up to 329 million metric tons of lithium oxide and has the potential to extend beyond the current boundaries, suggesting a district-scale resource. The discovery comes as lithium prices are rebounding, driven by increasing demand, and positions Canada as a significant player in the North American battery supply chain.