-- NovaRed Mining (NRED.CN) on Friday said it has filed a U.S. provisional patent application covering its artificial intelligence strategy for mineral exploration.
In a statement it added the provisional patent application is titled "Artificial Intelligence-Driven Mineral Exploration Platform with Multi-Source Geological Data Integration, Probabilistic Scoring Engine, and Blockchain-Based Document Verification System."
"The filing marks a significant step in NovaRed's efforts to develop proprietary technology aimed at enhancing the speed, precision, and transparency of mineral exploration analysis," said chief executive Brian Goss.
Earlier this week the company announced that it had acquired historical exploration data for the Wilmac Copper-Gold Project from the optionor of the property. The data, generated by the previous optionee in 2024, includes geochemical and geophysical datasets that the company plans to integrate into its geological model to support drill target identification ahead of the planned 2026 geophysical survey program.
NovaRed shares were last seen unchanged at $1.95, on the Canadian Securities Exchange.