What Mineral Forecast does

Mineral Forecast SpA is a Chile-based (founded 2012, headquartered in Las Condes, Santiago) geosciences-AI software company that builds the Geo AI Advisor platform to help mining and exploration companies decide where to stake claims, where to drill, and how to optimize existing mine sites. The platform ingests a multimodal stack of aerial surveys, satellite imagery, drillhole core samples, geophysical and geochemical surveys, GIS data, public databases, and unstructured geological reports, then builds location-specific AI models using supervised, unsupervised, reinforcement, semi-supervised, geospatial AI, and LLM-based methods to predict mineralization targets and detect data anomalies. The product is modular, comprising Geo Insights Hub (centralized 2D/3D data visualization with statistical exploratory data analysis), AI Targeting (predictive mineralization modeling with ranked target recommendations), Explainability Analytics (interpretable model outputs to defend exploration decisions), and the GeoDB mining-property database.

The company sells primarily through enterprise field sales targeting large global miners and mid-tier explorers, with named customers including Codelco, Vale, Freeport-McMoRan, SQM, Glencore, Teck Resources, First Majestic, Hochschild, Pan American Silver, McEwen Mining, CMSG, Chilean Cobalt, and NeoRe SpA. Distribution is concentrated in Latin America (Chile, Peru, Argentina, Mexico) with growing presence at major industry events (PDAC, proEXPLO, FEXMIN, Arminera, Latin Rocks). The revenue model combines tiered SaaS subscriptions (Starter, Expansion, and Enterprise editions with multi-year Enterprise contracts and API access at additional cost) with project-based engagements and a $1,000-per-workshop training upsell. Strategic partnerships with NTT DATA Peru, SERNAGEOMIN, Seequent, Techstars Boston, Harvard Innovation Labs, and MIT's The Engine support distribution and ecosystem positioning, and the company has been recognized by Corporación Alta Ley and SUBREI as a leading Chilean mining-technology exporter. The 8-person executive team is led by co-founders Javier Muñoz (CEO) and Arturo Rochefort (COO, geologist), with named heads across Customer Success, Sales, Software Development, Data Science, and a Principal Geoscientist.

Name

Mineral Forecast

Legal name

Mineral Forecast SpA

Website

https://mineralforecast.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Mineral Forecast builds Geo AI Advisor, a geosciences-specific AI platform that ingests geological, geophysical, geochemical, and geospatial data to predict and rank mineral exploration targets. It serves mining majors and mid-tier explorers across Chile, Peru, Argentina, and Mexico via tiered SaaS subscriptions and project engagements.

Ownership category

akta.pro rank

Product category

Mining Exploration Software

NAICS

Geophysical Surveying and Mapping Services (54136), Support Activities for Mining (213), Support Activities for Metal Mining (213114)

SIC

Oil & Gas Field Exploration Services (1382), Metal Mining (1000)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industries

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK), GIS & Spatial Data Management Platforms (BPAMANAK)

Keywords

• Geosciences AI platform
• Mineral exploration software
• Drilling targeting analytics
• Mining intelligence platform
• Geological data analytics

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscriptions (Geo AI Advisor): Tiered subscription model with Starter (1 project, up to 10 users), Expansion (up to 10 projects, up to 100 users), and Enterprise (unlimited teams and sites) editions. Includes AI model support and maintenance, Geo Insights Hub access, AI Targeting, and Explainability Analytics. Pricing is per project and per user tier with annual billing implied. Professional services and training available as add-ons at $1,000 per workshop.
2. Project-based Engagements: Engagements structured around specific exploration projects (e.g., NeoRe Rare Earth Project, Chilean Cobalt La Cobaltera project). Typically follow a pilot phase before broader deployment. AI model support is provided per project with ongoing model updates as new data becomes available.
3. Technology Licensing & Export: Geo AI Advisor platform and GeoDB mining-property database licensed/exported to mining clients across the Americas. Recognized as one of Chile's leading mining technology exporters with solutions used in Chile, Peru, Mexico, and Argentina.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Mineral Forecast builds and sells the Geo AI Advisor, a geosciences-specific AI platform that helps mining and exploration companies consolidate geological, geophysical, geochemical, geospatial, and public datasets, generate AI-powered drilling target recommendations, and produce explainable analytics to defend exploration decisions. The platform is offered as tiered SaaS subscriptions (Starter, Expansion, Enterprise) and is sold to large mining majors and mid-tier explorers across the Americas.

Product overview

Mineral Forecast offers a platform-plus-modules architecture centered on the Geo AI Advisor geosciences AI platform. The core platform integrates all geological data and builds AI models for each location, supported by three key modules: Geo Insights Hub (data visualization and statistical analysis), AI Targeting (predictive deposit identification), and Explainability Analytics (recommendation justification). An additional GeoDB product centralizes mining property information. The platform is available in Starter, Expansion, and Enterprise editions with varying project and user limits.

Differentiator

Problem solved

Functional benefit

Brands

• Geo AI Advisor: Mineral Forecast's geosciences-specific AI platform that helps mining and exploration executives decide where to stake a claim, where to drill, and how to optimize existing sites based on an integrated view of all available data, geologic criteria, and new AI recommendations.
• GeoDB

Products and services

• Geo AI Advisor Geosciences-specific AI platform that helps mining and exploration executives decide where to stake a claim, where to drill, and how to optimize existing sites based on an integrated view of all available data, geologic criteria, and new AI recommendations. Sold to mining and exploration companies via Starter, Expansion, and Enterprise SaaS editions.
• Geo Insights Hub Centralized data hub within the Geo AI Advisor platform that consolidates all mine, site, and location variables and generates 2D and 3D visualizations plus statistical exploratory data analysis (EDA). Serves as the AI-ready data foundation for AI Targeting and Explainability Analytics. Sold as part of the Geo AI Advisor subscription.
• AI Targeting Predictive mining intelligence module within the Geo AI Advisor platform that uses geoscientific AI models to detect geological patterns and identify high-potential characteristics predicting mineralization at each site. Generates 2D and 3D projections and ranks greenfield, brownfield, and mine-site targets by mineralization potential. Sold as part of the Geo AI Advisor subscription.
• Explainability Analytics Analytics module within the Geo AI Advisor platform that backs each greenfield, brownfield, and mine-site drilling target with the numbers, reports, and analyses required to explain and defend targeting and optimization recommendations. Includes variable behavior analysis, mathematical model evaluation, and key variable identification. Sold as part of the Geo AI Advisor subscription.
• GeoDB Mining-property database product that centralizes official information on mining properties to enable data-driven exploration decisions. Licensed and exported alongside the Geo AI Advisor platform to mining clients across the Americas.

Quantifiable outcome

• 4X more effective drilling campaigns
• +7 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• NeoRe SpAcoreStrategic or Co-development Partner · 12 June 2026NeoRe SpA engaged Mineral Forecast to apply geosciences AI to its NeoRe Rare Earth Project in southern Chile. The collaboration involves working directly with NeoRe's growing technical organization and expanding data sciences team as the project advances toward its first Modular Extraction Plant (MEP-1). Exploration to date includes 133 drill holes totaling 1,504 meters across 12 of 35 identified targets.
• SERNAGEOMIN (Servicio Nacional de Geología y Minería)flagshipStrategic or Co-development Partner · 2 March 2026Mineral Forecast provided its pre-existing SIGEX backup data to SERNAGEOMIN free of charge following a cyberattack that compromised Chile's national geology and mining service databases. The backup, developed by Mineral Forecast starting July 2024 for its own internal use, enabled the precise reconstruction of the file structure lost by SERNAGEOMIN. This collaboration was formalized through an agreement and was essential to accelerating Project Phoenix recovery of the SIGEX system (Exploration Geology Information System) critical to Chile's mining industry.
• Chilean Cobalt Corp.flagshipStrategic or Co-development Partner · 19 December 2025Chilean Cobalt partnered with Mineral Forecast as part of an AI and machine learning pilot program at its La Cobaltera cobalt-copper project in northern Chile. The engagement followed a successful pilot and was later extended to the NeoRe Rare Earth Project in southern Chile (June 2026). Mineral Forecast applies its AI and advanced geoscientific technologies to enhance target generation, prioritize exploration activities, and optimize identification of areas with higher mineral potential.
• NTT DATA PerucoreStrategic or Co-development Partner · 7 May 2025Strategic alliance between NTT DATA Peru and Mineral Forecast to revolutionize mining exploration in Peru. NTT DATA Peru, a subsidiary of global IT services provider NTT DATA, partnered with Mineral Forecast to bring geosciences AI capabilities to Peruvian mining clients. This alliance targets the growing demand for AI-driven exploration in Peru's active mining sector.
• Harvard Innovation LabsminorOthersConnected to Harvard Innovation Labs innovation ecosystem. Part of Mineral Forecast's network of academic and startup accelerator partnerships that support the company's global technology development and expansion.
• The Engine (MIT)minorOthersConnected to The Engine (MIT) innovation ecosystem. Part of Mineral Forecast's network of academic and startup accelerator partnerships supporting technology development.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KoBold Metals: Bill Gates- and Sam Altman-backed AI mineral exploration company using machine learning to identify new deposits of lithium, cobalt, nickel, copper, and rare earths. Direct competitor applying proprietary AI/ML to the same drill-targeting workflow that Mineral Forecast serves, primarily for critical minerals.
• Earth AI: AI-driven mineral exploration startup that combines predictive analytics with its own drilling program to discover and validate critical mineral deposits. Targets the same exploration-stage decision points (where to stake, where to drill) using similar data integration and ML techniques.
• VerAI Discoveries: AI/ML platform that uses proprietary algorithms to detect hidden mineral deposits from existing geological, geochemical, and geophysical datasets. Closely comparable in product offering — predictive targeting recommendations for exploration teams based on integrated geoscientific data.
• Minerva Intelligence: Applied AI company serving mining and mineral exploration with TARGET AI for prospectivity mapping and other AI tools for geological hazards. Competes directly in the AI-for-mineral-exploration software category with similar targeting and explainability functionality.
• GeologicAI: AI and robotics company focused on drill core scanning and AI-driven geological analysis for mining. Comparable in using ML on geological data to accelerate exploration decisions, though narrower on the core-logging workflow versus Mineral Forecast's end-to-end targeting platform.

Emerging players

• Ideon Technologies: Subsurface intelligence company using muon tomography to image density changes deep underground for mineral exploration. Adjacent rather than direct — provides a different sensing modality (cosmic-ray muons) that can feed the same exploration targeting decisions Mineral Forecast's AI ingests.

Broad incumbents

• Seequent (Bentley): Established geological modeling and geoscience software platform (Leapfrog, GeoStudio) acquired by Bentley Systems. Broad incumbent in mining geoscience software — already partners with Mineral Forecast (used alongside its AI in the SQM Taltal District project) but could compete as it adds AI/ML capabilities.
• Micromine: Long-standing mining software suite covering exploration, resource estimation, mine design, and scheduling across the full mining lifecycle. Incumbent that competes for the same exploration-team budget with broader functionality but less AI-native targeting than Mineral Forecast.
• Maptek: Global mining technology provider offering Vulcan (geological modeling, mine planning), DomainMC (resource modeling), and other software. Established incumbent competing for the same geoscience-tooling budget with broader mine-planning scope versus Mineral Forecast's exploration-AI focus.
• Hexagon Mining: Division of Hexagon AB providing mine planning, operations, and surveying software for the global mining industry. Large incumbent with embedded customer relationships across exploration and operations; relevant comparable as a broad-platform alternative to Mineral Forecast's focused AI stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/mineralforecast
• LinkedInlinkedin.com/company/mineral-forecast

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mineral Forecast