Tofino Capital’s Post

Tofino Capital's Monthly deep dive looks at the state of "mining tech" and what it means for frontier markets. A few key points from the report is below, and a link to the full briefing is here: https://lnkd.in/eMxSP4v4 Visit us @ www.tofinocap.com 1. Investment in "Mining tech" by Silicon Valley has increased 8x in 5 years. 2. Critical and rare minerals and the search for them by a kaleidoscope of stakeholders — from nation-states, climate activists, wildcat miners, and now venture capitalists — have transformed society, geopolitics, and the race to fight climate change.  3. China is the leading producer of 29 of the 50 minerals on the 2022 US Geological Survey critical minerals list. 4. From the mid-1960s to the mid-1990s, the U.S. was the world’s major supplier of rare earths. Today, the U.S. imports nearly 100% of rare earths used in commercial products and exports some domestically mined rare earth minerals for economic processing overseas. 5. By 2050, to sustain the level of demand we are forecasting, the production of critical minerals must grow 30 times, from $320 billion in current production to $10 trillion. 6. New technology is needed for frontier market mining communities. We believe that by focusing our capital into businesses at this intersection - community and company - we can help unlock even more capital sources (green capital and USG resources). We’ve already made one investment into technology designed for decentralized, remote asset management - Circadian. Companies mentioned: Altana Armada goTenna EarthAI Redwood Materials KoBold Metals Built Robotics Crusoe Cape TerraHaptix ReElement Technologies SparkMeter Envirosuite