Rinehart invests $50M in X-ray tech for ore, cancer

Mining06-25 04:15

Australia’s richest person Gina Rinehart is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2646801585?lang=en_US&edition=fundamental","thumbnail":"https://www.mining.com/wp-content/uploads/2026/06/gina.png","is_english":true,"pubTime":"2026-06-25 04:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646801585","market":"us","top_or_hot":-1,"title":"Rinehart invests $50M in X-ray tech for ore, cancer","media":"Mining","content":"<div>\n<p>Australia’s richest person Gina Rinehart is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore ...</p>\n\n<a href=\"https://www.mining.com/rinehart-invests-50m-in-x-ray-tech-for-ore-cancer/\">Source Link</a>\n\n</div>\n","source":"mining_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rinehart invests $50M in X-ray tech for ore, cancer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRinehart invests $50M in X-ray tech for ore, cancer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-25 04:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mining.com/rinehart-invests-50m-in-x-ray-tech-for-ore-cancer/><strong>Mining</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australia’s richest person Gina Rinehart is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore ...</p>\n\n<a href=\"https://www.mining.com/rinehart-invests-50m-in-x-ray-tech-for-ore-cancer/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mining.com/rinehart-invests-50m-in-x-ray-tech-for-ore-cancer/","article_id":"2646801585","we_media_id":null,"thumbnails":["https://www.mining.com/wp-content/uploads/2026/06/gina.png"],"rights":{"source":"mining_highlight","url":"https://www.mining.com/rinehart-invests-50m-in-x-ray-tech-for-ore-cancer/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646801585","pubTimestamp":1782332100,"columns":[],"sourceInfo":{"source_id":"mining_highlight","name":"MINING.COM"},"weMediaInfo":null,"summary":"Hancock Prospecting backs dual-use imaging technology for mining and medicine, with the investment set to…","collect":0,"end_time":0,"defaultTopTitle":"mining.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"莱因哈特投资5000万美元用于矿石和癌症X射线技术","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/80bf3656b893f589f4c913ad5819059a","symbols_score_info":{"CRSH":0.6,"TSLR":0.6,"09366":0.6,"TSLW":0.6,"MPG":0.6,"TSLO":0.6,"BRE.AU":1.65,"TSLZ":0.6,"TSII":0.6,"TSLP":0.6,"MPL":0.6,"TSLT":0.6,"TSLY":0.6,"TSL":0.6,"07766":0.6,"TSLS":0.6,"MP":1.65,"TSLQ":0.6,"TESL":0.6,"TSLI":0.6,"ARU.AU":1.7,"09766":0.6,"TSYY":0.6,"TSLG":0.6,"TSLL":0.6,"TEST":0.6,"TSDD":0.6,"TSLA":1.65,"LYC.AU":1.65,"07366":0.6,"TLA":0.6},"content_text":"Australia’s richest person Gina Rinehart is backing California-based Lumitron Technologies with a $50 million investment to commercialize high-resolution imaging technology used to improve ore processing and cancer detection.\nThe investment will help commercialize Lumitron’s HyperView very high-energy electron beam technology, which the company says delivers up to 1,000 times the resolution of conventional X-ray systems. \nLumitron’s imaging technology for medical and industrial applications can be used in mining to identify mineral composition, detect contaminants and help operators selectively process higher-grade ore.\n“The technology enables mining operators to selectively process higher-value ore, thereby improving recovery rates while potentially reducing energy consumption and overall processing costs,” Rinehart said.\nThe investment could double to $100 million later this year, according to Lumitron, with Hancock Prospecting also gaining board representation. The deal deepens Rinehart’s push into technologies supporting the critical minerals sector while reflecting her longstanding commitment to breast cancer initiatives following the death of her mother, Hope Rinehart, from the disease.\nStrategic expansion\nThe move follows Hancock Prospecting’s acquisition of a $1 billion stake in Elon Musk’s SpaceX after its record-breaking initial public offering earlier this month. Rinehart also owns a direct stake in Tesla valued at about $6.6 million and recently increased Hancock’s investment in Arafura Rare Earths (ASX: ARU).\nHer portfolio already includes major positions in rare earths producers, including MP Materials (NYSE: MP), Lynas Rare Earths (ASX: LYC) and Brazilian Rare Earths (ASX: BRE), underscoring Hancock’s strategy of expanding beyond iron ore into critical minerals and related technologies.\nAs executive chair of Hancock Iron Ore, created through last year’s merger of Roy Hill and Atlas Iron, Rinehart has introduced pink haul trucks, mining equipment and personal protective equipment across operations to raise awareness and funding for breast cancer initiatives.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646801585","isCrawlerRequest":true}