Shares of Datavault AI Inc. (DVLT) surged 16.08% in pre-market trading on Monday, following the announcement of a significant $7 million minting deal and royalty partnership with MTB Mining Limited.
The agreement, revealed early Monday, outlines Datavault AI's role in digitizing and verifying rare earth minerals controlled by Tanzania-based MTB Mining. This process will leverage Datavault AI's patented technology to transform physical mineral assets into traceable digital assets, preparing them for trading on the upcoming International Elements Exchange.
Investors appear to be reacting positively to the deal's potential long-term benefits for Datavault AI. In addition to the $7 million minting contract, the company has secured a 30% perpetual royalty partnership, which could provide a steady stream of future revenue. This partnership not only demonstrates the practical application of Datavault AI's technology in the mining sector but also positions the company at the forefront of modernizing mineral resource verification, documentation, and commercialization processes.
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