Business News Australia: We're changing how the world finds critical minerals” Esper secures $5m in seed funding round

03 Mar 2025 businessnewsaustralia.com

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https://www.businessnewsaustralia.com/articles/-we-re-changing-how-the-world-finds-critical-minerals---esper-secures--5m-in-seed-funding-round.html

A Melbourne-based startup using hyperspectral satellite imagery to map global geology and vegetation has secured $5 million in a seed funding round led by Hejaz Financial Services and Paspalis Capital.

Founded in 2019 by university friends Shoaib Iqbal and Przemyslaw Lorenczak, Esper has satellites that detect unique light patterns of different minerals from space, helping mining companies find valuable deposits such as lithium, cobalt and rare earths.

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