ALPHAXIOMS Geothermal News & Energy Research

Alberta launches $35-million challenge to reinvent drilling for the next 50 years   By  Robert Buluma | December 3, 2025   EDMONTON – The days of drilling straight down and hoping for the best are long gone. Today, operators in Western Canada routinely steer multi-kilometre horizontal wells with pinpoint accuracy from a single surface location. Tomorrow’s wells, however, could be guided entirely by artificial intelligence, powered by low-emission rigs, and used to unlock everything from geothermal heat to critical minerals and permanent CO₂ storage. That future just got a $35-million boost. Emissions Reduction Alberta (ERA ) officially opened applications this week for the Drilling Technology Challenge, a funding program designed to bridge the “valley of death” that too often kills promising subsurface innovations before they ever reach the field. “Many great ideas never make it past the prototype stage because the cost and risk of real-world testing are simply...

Cornish Lithium  Secures £35M in Equity Funding  A Milestone for UK Critical Minerals By:  Robert Buluma In a major boost for the UK’s domestic battery supply ambitions,  Cornish Lithium has announced that it has secured £35 million in new equity funding. This capital raise is intended to propel its key projects closer to construction and commercial stages, marking a pivotal moment in the firm’s trajectory. Backing & Investors The funding round is led by existing institutional backers, with up to £31 million coming from the National Wealth Fund (NWF) , and approximately £4 million from TechMet , a long-standing investor in the company. Cornish Lithium’s legal counsel for the deal was Mayer Brown. What the Funds Will Be Used For Cornish Lithium will allocate the capital toward advancing two flagship projects: Trelavour Lithium Project : The funds will support further engineering work, feasibility studies, and help lead the project toward a construction...