XtremeX Mining Technology (XMT) is set to deploy its AC-electric automated coiled tubing and electric top-drive diamond core drilling rig at Ivanhoe Electric’s Santa Cruz copper project in Arizona.

Its product candidates are Upifitamab Rilsodotin (UpRi), XMT-1536, and XMT-1592. The company was founded by Mikhail Papisov in 2001 and is headquartered in Cambridge, MA.