Lithosquare is accelerating critical minerals discovery with AI-driven geological intelligence that addresses the global supply bottleneck.

The Paris-based company delivers an end-to-end exploration operating system that helps mining companies identify, rank and advance high-potential copper, lithium and rare earth deposits, combining multimodal AI with geological reasoning. By combining proprietary geological ontologies with large-language models and public data processing, Lithosquare accelerates target generation and reduces exploration timelines. The technology helps mining companies compress years of manual geological analysis into months of systematic, AI-enhanced workflows. With early partnerships, Lithosquare has validated demand across both major operators and explorers seeking faster, higher-confidence discovery pathways.

Why we invested in Lithosquare

The climate case: Mineral exploration accounts for ~1 in 1,000 projects ever becoming a mine, yet global demand for copper, lithium and rare earths is accelerating as electrification and AI infrastructure intensify. Average mine development lead times have stretched to nearly 18 years, creating a critical gap between exploration decisions today and production needed in the 2030s and 2040s. Lithosquare directly addresses this bottleneck by accelerating high-confidence discovery in jurisdictions that can meet Western supply-chain resilience requirements. By bringing new reserves to market faster and from jurisdictions with stronger environmental standards, Lithosquare directly unblocks the materials supply that global electrification depends on.

The business case: Global mineral exploration budgets have historically ranged between $12-15bn annually, with a portion allocated to target generation, data analytics and technical advisory. Lithosquare's asset-light, partnership-driven model captures exploration service revenues while retaining long-term economic upside through Net Smelter Return royalties on successful discoveries. The global royalty and streaming sector has a combined enterprise value of over $140bn. Early partnerships validate strong demand for AI-accelerated exploration workflows and demonstrate traction across both large-cap operators and mid-tier explorers.

The team: Co-Founder and CEO Aymeric Preveral-Etcheverry previously scaled Fieldbox, an industrial AI company, to approximately €11M in annual revenue and ~100 employees. COO Simon Leclair brings 15+ years of mining expertise, including early-career mine development work at Eramet and 8 years as a partner at BCG specialising in Metals and Mining strategy. Both are Mines Paris graduates, combining deep geological credibility with proven operational execution and AI expertise.

Website: https://www.lithosquare.com/