HPP was pleased to act as legal counsel to GeologicAI, the global leader in High-Resolution Decision Engineering for the critical minerals sector, on its acquisition of Lumo Analytics, a provider of the most compact and efficient Laser-Induced Breakdown Spectroscopy (LIBS) scanner on the market. LIBS is a rapid, non-destructive technique that uses a high-energy laser pulse to vaporize a tiny spot on a rock, creating a short-lived plasma which emits light unique to the elements present when it cools. This spectral “fingerprint” provides immediate chemical information about the material. For the mining sector, this means faster geochemical insights directly at the source, enabling more efficient exploration and resource evaluation.
The transaction firmly cements GeologicAI’s position as the only truly comprehensive and integrated source of sensor data for the critical minerals industry. GeologicAI is a market leader in the core scanning technology sector, headquartered in Calgary, Canada.
HPP provided support on legal and tax due diligence, SPA negotiation, tax structuring and signing and closing support.
