Valereum Plc today announced that it has entered into a non -binding Memorandum of Agreement (MOU) with the First Class Metals Plc (FCM), a mineral exploration company introduced by the United Kingdom that focuses on works in Ontario, Canada. The Mou defines a framework for investigating tokenisation of mineral exploration projects throughout the FCM portfolio.
This Mou defines the initial intentions of both parties on their cooperation to investigate opportunities for the implementation of regulated symbolism to assets and projects to explore minerals, with the aim of enhancing project financing options, expanding investors’ access and promoting investment facilities.
This collaboration, if successful, aims to create a new digital route for brands supported by assets, representing the real world’s fossil resources. The initiative aims to evaluate the way in which blockchain technology and tokenissation can be used to enhance transparency, liquidity and access to traditional fluid assets.
According to Mou’s terms, Valereum Plc (The Initiator) and FCM will work with VLRM markets to evaluate the feasibility of special mineral interests in Canada, starting with selected assets from the highly prospects of FCM. The aim is to investigate a regulated and structured framework of symbols that offers investors digital exposure to the underlying value of these mineral assets.
Special project selection remains under review.