Company targets digital infrastructure for critical minerals market
Datavault AI Inc. (NASDAQ:DVLT) has announced a proposed strategic partnership with Patriot Strategic Metals LLC to develop the Strategic Materials Acquisition Platform, a digital infrastructure initiative designed to support the financing, tokenisation, settlement and lifecycle management of strategic mineral assets.
According to the company, the proposed Phase I programme has a potential value of up to $700 million, with as much as $62 million earmarked for Datavault AI’s technology integration, licensing, platform development and implementation services.
Platform combines mining assets with tokenisation technology
The planned platform will bring together Patriot Strategic Metals’ mining interests, refining operations, supply chain capabilities and offtake agreements with Datavault AI’s real-world asset (RWA) tokenisation technology, blockchain-based settlement systems and enterprise software.
If the project moves forward under the proposed framework, Datavault AI would receive a 25% share of the platform’s net distributable profits, subject to the completion of definitive agreements and commercial deployment.
Broader procurement platform could support expansion
Patriot Strategic Metals also outlined a wider procurement platform backed by an arranged revolving procurement facility of up to $20 billion.
The companies noted that this figure represents indicative financing capacity and remains subject to definitive agreements and the availability of funding.
Partnership remains subject to final approvals
“By combining PSM’s critical minerals platform with Datavault AI’s patented RWA technology, we are building a framework to modernize how strategic commodities are financed, settled, and managed,” said Nathaniel T. Bradley, CEO of Datavault AI.
The proposed partnership has not yet been finalised and remains subject to financing, execution of definitive agreements, board approvals and applicable regulatory requirements.