
Minnovare
Drilling solutions company - acquired by Hexagon Mining January 2022.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
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Minnovare is an advanced technology company specializing in improving the efficiency, productivity, and overall profitability of industrial drilling operations. The company serves clients in the mining and resources sector, providing solutions that enhance drilling accuracy and streamline rig setup processes. Minnovare operates primarily in markets with significant mining activities, such as Australia and Canada. The business model revolves around the development and deployment of its proprietary Production Optimiser technology, which reduces deviation, minimizes dilution, and increases ore recovery rates. Revenue is generated through the sale and implementation of this technology, as well as ongoing service and support contracts.
Keywords: drilling technology, mining efficiency, productivity, profitability, accuracy, rig setup, deviation reduction, dilution minimization, ore recovery, industrial drilling.