Datavault AI working with #American Strategic Minerals to tokenize refined metals, #RareEearthElements
Datavault AI (DVLT) said Thursday it has partnered with American Strategic Minerals to develop and monetize one of the latter’s resource extraction projects in Arizona through a $78.2 million digital tokenization initiative.
Under the agreement, American Strategic will receive up to $68.8 million, while Datavault AI may earn up to a 20% equity stake in the company upon meeting performance milestones under the tokenization program.
Datavault AI said antimony will be the first element tokenized, followed by gold, copper and silver. The initial phase will cover about 5% of the project’s antimony resource through the ASMI Antimony 1 Token.
The partnership sets the stage for the launch of an International Elements Exchange, the company added.
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