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LONDON - Valereum Plc (AQSE:VLRM) has entered into a non-binding Memorandum of Understanding with First Class Metals Plc to explore the tokenization of mineral exploration projects, according to a press release issued Monday.
The agreement establishes a framework for the companies to investigate applying regulated tokenization to FCM’s mineral exploration assets in Ontario, Canada. The initiative aims to evaluate how blockchain technology could potentially enhance transparency and access to natural resource assets.
Under the terms of the MoU, the companies will work with VLRM Markets to assess the feasibility of tokenizing specific mineral interests, starting with selected assets from FCM’s Canadian holdings. The companies will explore a regulated token framework that could offer investors digital exposure to these mineral assets.
The collaboration seeks to explore project-level funding that may provide non-dilutive capital at the asset level while offering global investors exposure to mineral resources. Specific project selection remains under review, with further announcements expected once assets are formally identified.
Pete Sekhon, Business Development at Valereum, said the collaboration could open "the door to a new era of capital markets access for mining," while James Knowles (NYSE:KN), Chairman of First Class Metals, described it as "a bold, forward-thinking approach to unlocking the value of our highly prospective portfolio."
The press release noted that tokenization of real-world assets is projected to be a growing market, with commodities such as gold and critical minerals expected to be significant components.
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