Lower-cost, reliable, continual monitoring of reservoirs using muon tomography can improve the known efficiencies of SAGD extraction and further reduce environmental impact, helping to position Canadian oil more competitively in volatile global markets.
Canadian start-up Ideon Technologies Inc. has raised $1.3 million CAD in seed funding through a diverse group of global investors with expertise in mining, technology, and venture fundraising, as well as the University of British Columbia (UBC)’s Seed Fund.
As a growing technology company created in British Columbia, Ideon has been nurtured from the start by the Canadian ‘village’.
Agnew joins as CEO to lead strategic growth in addressing $12B+ global mineral exploration market.
Ideon Technologies is a world pioneer in the application of cosmic-ray muon tomography and has developed a discovery platform that provides x-ray-like visibility up to 1 km beneath the Earth’s surface. But how does it work?