Datavault AI Secures $7 Million Minting Deal with Tanzania's MTB Mining for Mineral Digitization
TL;DR
Datavault AI's $7 million deal with MTB Mining provides investors with a 30% perpetual royalty and positions them at the forefront of digital mineral asset trading.
Datavault AI uses its patented Sumerian technology to digitize MTB Mining's mineral assets into verified digital tokens for the International Elements Exchange platform.
This partnership modernizes mineral verification through transparent digital tracking, creating more ethical and accountable global commerce practices.
Datavault AI is transforming 25 million metric tons of copper and rare Windsor Ruby gemstones into traceable digital assets for virtual trading.
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Datavault AI has announced a $7 million minting deal and 30% perpetual royalty partnership with Tanzania-based MTB Mining Limited, marking what the company views as a major advancement in modernizing mineral verification and global commerce through a unified digital ledger. Using its patented Sumerian technology, Datavault AI will digitize MTB's resources including more than 25 million metric tons of copper reserves, 2.44 square kilometers of proven mineral assets and notable gemstones such as the Windsor Ruby, transforming them into verified, traceable digital assets for the forthcoming International Elements Exchange, a virtual refinery designed to enable compliant, transparent and monetizable real world asset trading.
The partnership represents a significant step in bridging traditional mining operations with emerging digital asset technologies. By creating digital representations of physical mineral assets, the collaboration aims to address longstanding challenges in commodity trading, including verification difficulties, supply chain opacity, and barriers to fractional ownership. The digitization process through Sumerian technology enables each asset to carry immutable metadata, creating a transparent audit trail from extraction to final sale.
For the global mining industry, this development could revolutionize how mineral assets are valued, traded, and financed. The ability to tokenize physical resources opens new possibilities for liquidity in traditionally illiquid markets, potentially enabling smaller investors to participate in commodity investments that were previously accessible only to large institutions. The perpetual royalty structure ensures ongoing revenue sharing between the technology provider and mining operator, creating a sustainable partnership model.
The International Elements Exchange platform represents a new paradigm in commodity markets, combining elements of traditional exchanges with blockchain technology's transparency benefits. This approach could significantly reduce fraud and misrepresentation in mineral trading while improving regulatory compliance through automated tracking and verification systems. The platform's design as a virtual refinery suggests capabilities beyond simple trading, potentially including processing verification and quality assurance functions traditionally handled by physical refineries.
This partnership between a NASDAQ-listed technology company and an African mining operation also highlights the growing convergence between established financial markets and emerging digital asset ecosystems. The deal structure, combining upfront minting fees with ongoing royalties, represents an innovative business model that could be replicated across other resource sectors. As mineral verification becomes increasingly digitized, such partnerships may set new standards for transparency and efficiency in global commodity markets. Additional information about the company's technology platform can be found at https://www.datavaultsite.com while comprehensive disclaimers and terms are available at http://IBN.fm/Disclaimer.
Curated from NewMediaWire

