Azincourt Energy Corp. (TSXV: AAZ) announced this morning that it has entered into a data consulting agreement with FOBI AI Inc. (TSX.V: FOBI). The consultancy arrangement sets the latter to provide artificial intelligence-driven solutions to drive operational efficiencies at its majority-owned East Preston uranium project.
“This partnership with FOBI AI gives Azincourt the opportunity to apply leading edge technologies to our efforts at East Preston,” said Azincourt Energy CEO Alex Klenman.
The $250,000-worth, 1-year contract will see FOBI assisting the uranium company in developing “an operational intelligence platform” to update traditional mining practices. The intelligence firm is expected to introduce the use of AI in analyzing data, detecting patterns, and providing efficient roadmaps to drive further the mining firm’s profitability.
The Canadian-based resource company announced in July 2021 that it will tap Terralogic Exploration to facilitate an airborne radiometric survey over the the East Preston uranium project.
Azincourt Energy last traded at $0.09 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.