Top Battery Ore Producer in India Hires Windfall Geotek AI to Generate High Probability Targets to Extend their Operating Mine

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(TheNewswire)

Windfall Geotek Inc.

 

DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Brossard, Quebec - TheNewswire - February 24, 2022 – Windfall Geotek Inc. (TSXV:WIN), (OTC:WINKF), (FSE:L7C2) a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce it’s first contract in India with a top battery ore producer who prefers to remain anonymous. Windfall Geotek had been in negotiations, compliance and doing vendor onboarding for more than 6 months before starting work early this year.

News Highlights

  • First contract for Windfall Geotek in India 

  • Windfall AI to be used to identify additional ore body near the existing mine 

  • Analysis focused on metals used in batteries 

  • Project is proximal to an operating mine generating more than 800kt of ore annually 

Dinesh Kandanchatha, Chairman of Windfall Geotek commented: “It is fantastic to see our proven AI technology attract one of the biggest battery ore producers in India to extend their competitive advantage. As we work with major producers we expand the depth of our algorithms global applicability. This kind of experience provides us valuable insights in Asia and provides a great case study as we expand our go to market globally.”

     

About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.

For further information, please contact:

Interim CEO & Chairman Dinesh Kandanchatha

Email: [email protected]

Website: www.windfallgeotek.com
Phone: 1-855-946-5145

Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Copyright (c) 2022 TheNewswire - All rights reserved.