KoBold Metals, a mineral exploration company backed by Bill Gates, Jeff Bezos, former New York Mayor Michael Bloomberg and Bridgewater Associates founder Ray Dalio, has entered into a joint venture with London-based mining firm Bluejay to search for nickel, copper, cobalt and platinum used in electric vehicles on Greenland.

KoBold will spend $15 million through 2024 to help Bluejay locate natural resources as part of its Disko-Nuussuaq project in Central West Greenland. "The Disko region has seen the rare convergence of events in earth's history that could have resulted in forming a world-class battery metal deposit," said Kurt House, CEO of KoBold.