Luxembourg technology investment firm Alpha Future Funds has bought a 15% stake in Australia’s SensOre for A$1.5 million (US$1m).
SensOre said late last year it was splitting its lithium exploration and technology interests, with the former to be held in Premier1 Lithium.
Holding company Tully Investments owns the other 85% of SensOre, which uses predictive modelling software integrating big data, AI, and machine learning to try to boost exploration efficiency and success rates.
Alpha Future Funds, which has offices in Luxembourg and Germany, describes itself as a specialist investment fund focused on “transformative” energy transition and low-carbon economy technologies.
SensOre said the Alpha investment funding would be used for acquisition of new data, technology development and expanding sales and marketing capacity.
Managing director Robbie Rowe said: “The accelerating global demand for new critical and conventional resources, coupled with the increasing access to new geoscience machine ready data, positions us uniquely at the intersection of human expertise and cutting-edge technologies.”