Fleet Space Technologies and Tahreez have joined forces with Saudi Arabian Mining Co. (Ma’aden) by signing a memorandum of understanding (MoU) to formalize a new partnership to unlock the Kingdom’s mineral potential.
The agreement aims to deliver cutting-edge advancements in space, multi-physics, and AI-driven drill targeting services. The collaboration will not only speed up the discovery of mineral resources in Saudi Arabia but also allow Ma’aden to utilize Fleet Space’s comprehensive technology suite, ExoSphere.
Fleet Space’s innovative technology integrates satellite connectivity, remote geophysical data collection, and near-instant data processing to produce actionable 3D models of the Earth’s subsurface. This initiative aims to enable large-scale, real-time 3D imaging of the subsurface, unlocking the exploration potential of the Arabian Shield and advancing the goals of Vision 2030.
Through the joint venture between Tahreez and Fleet Space, a regional task force will be created to support the rapid deployment of ExoSphere across Ma’aden’s projects and opportunity zones in the Middle East to identify potential targets for future development.
“Integrating leading-edge, world-class exploration technologies is a central pillar to Ma’aden’s ambitious growth strategy,” Ma’aden chief executive officer Bob Wilt said in a press release.
“This collaboration will accelerate our path to discovery and strengthen the Kingdom’s position as a mining innovation leader and a foundational partner for the global mineral value chain.”
Flavia Tata Nardini, founder and CEO of Fleet Space, said the real-time 3D subsurface data acquisition, processing and AI-powered insights in a single workflow represents a paradigm shift in the future of mining.
“[It] provides a platform to identify high-quality targets in days while maximizing the ROI of every drilling campaign,” Tata Nardini said.
