Novamera Inc.
Novamera Inc. is a company.
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Leadership Team
Key people at Novamera Inc..
Novamera Inc. is a company.
Key people at Novamera Inc..
Key people at Novamera Inc..
Novamera Inc. develops Surgical Mining™ technologies, a suite of data-driven hardware and software that integrates with conventional drilling equipment to enable precise, small-footprint extraction of narrow vein mineral deposits.[1][2][4] The company serves mining companies targeting challenging or uneconomic deposits, solving problems like high CAPEX, environmental impact, dilution, and slow development by providing 3D orebody mapping, smart drilling, progressive backfilling, and economic planning tools that unlock stranded assets faster and more sustainably.[1][2][4] Founded in 2019 and based in Oakville, Canada, Novamera has raised $8.6M in funding (latest Series A-II round of $3.5M about a year ago) and is advancing toward commercial production, with recent partnerships like Kuya Silver and Northstar Gold for testing at projects in Peru and Canada.[1][3][5]
This technology targets critical minerals like copper and gold in narrow veins, reducing waste and enabling bulk sampling or starter pits with minimal surface disturbance, positioning Novamera for growth amid rising global mineral demand.[2][4][5]
Novamera was co-founded in 2019 by Dustin Angelo (President, CEO), Romeo Frangulian (likely a key technical founder), and others with backgrounds in mining, engineering, geophysics, data science, and analysis.[1][4] The idea emerged from real-world challenges at Anaconda Mining's site, where founders Romeo and Juliet (possibly pseudonyms or team members) spent nearly 10 years seeking economic ways to mine a steeply dipping, narrow vein gold deposit but found conventional methods unviable regardless of gold prices.[4]
A pivotal "aha!" moment came during a mining contest presentation, where hundreds of attendees shared similar narrow vein struggles worldwide, validating the need for their Sustainable Mining by Drilling (SMD) concept—later branded Surgical Mining™.[4] This spurred Novamera's mission to transform uneconomic resources into profitable deposits, starting with downhole sensors, machine learning, and proven drilling tech.[3][4]
Novamera stands out in the mining tech space through its Surgical Mining™ suite, which mimics "keyhole surgery" for targeted extraction. Key features include:
Recent milestones like closing $5M Series A financing and achieving world-first commercial production underscore its track record.[3][6]
Novamera rides the critical minerals boom, driven by global demand for copper, gold, and other metals for electrification, renewables, and tech supply chains amid supply shortages.[1][4][5] Its timing aligns with mining's sustainability push—lengthy permitting and ESG pressures favor small-footprint tech over large-scale underground methods like long-hole stoping, which have higher waste and timelines.[2][5]
Market forces like rising metal prices, stranded narrow vein assets worldwide, and innovation in AI/ML for drilling (e.g., competitors like Veracio) amplify its potential.[1][5] Novamera influences the ecosystem by partnering with juniors like Kuya Silver (Bethania, Peru), Northstar Gold (Cam Copper, Canada), and Hochschild, accelerating their production ramps and proving viability for "starter pits" or bulk sampling.[1][5] This could reshape how juniors access capital and permits for small-scale projects.[4][5]
Novamera is poised to scale Surgical Mining™ commercially, with 2024-2025 pilots (e.g., four-stage program at Cam Copper, Bethania LOI) testing extraction and paving multi-site deals.[1][5][6] Trends like AI-enhanced geophysics, faster permitting for small-scale ops, and critical mineral urgency will fuel growth, potentially expanding to diverse veins globally.[2][4][5]
Its influence may evolve from innovator to standard-setter, empowering juniors to monetize assets quickly and sustainably—echoing its origin as a solution to narrow vein woes, now positioned to transform mining economics in a mineral-hungry world.[4][6]
