In recent weeks, every day that the weather permitted, a helicopter contracted by KoBold Metals flew over a remote part of northern Quebec carrying some unusual cargo.
A 115-foot-wide copper coil dangled from the belly of the craft, sending electromagnetic waves into the earth and creating currents in rocks deep underground. Any good electrical conductors sent telltale signals back to a receiver coil, suggesting that the rocks might contain valuable deposits of nickel and cobalt—metals used in the batteries powering cell phones, laptops, and electric cars.