25th Feb 2026 13:18
(Alliance News) - Amigo Holdings PLC on Wednesday said it is partnering with a robotic workforce firm to further its mining-related operations roadmap.
The collaboration, struck between Amigo's subsidiary Amigo Capital FZE and Magnus Lab Inc, will emphasise safety, operational reliability, and environmentally responsible implementation.
Amigo shares were up 0.1% at 2.52 pence each on Wednesday afternoon in London.
The Bournemouth, England-based subprime lender said the parties anticipate "an initial engagement in the six-figure dollars range" to define the priorities of physical deployment of artificial intelligence, technical requirements, and execution pathways for the technology.
"Subject to successful outcomes, the collaboration may expand into significantly larger follow-on phases and expansion into the broader global mining market", the company added.
The companies, intending to enhance safety, and reducing the burden on personnel performing high-risk tasks by furthering robotics across the mining sector, say that potential areas of collaboration include the inspection of mines, remote monitoring, industrial task automation, and the unlocking of autonomous and semi-autonomous workflows.
By Martin Miraglia, Alliance News reporter
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