KoBold Metals has successfully closed a $537 million Series C funding round, led by Durable Capital Partners and T. Rowe Price, aimed at developing a multi-billion-dollar copper mine in Zambia. The company, which utilizes AI to identify viable mineral deposits, has seen its valuation rise to $2.96 billion. This funding will enable KoBold to expand its exploration efforts globally. Notable investors include Bill Gates and Jeff Bezos, highlighting the growing interest in AI-driven mining solutions amidst increasing demand for critical minerals. The mining industry is poised for significant technological transformation.