Datavault AI announces proposed strategic metals platform deal

Datavault AI Inc. (NASDAQ: DVLT) announced a proposed strategic partnership with Patriot Strategic Metals LLC to jointly develop the Strategic Materials Acquisition Platform, a digital infrastructure platform intended to support the financing, tokenization, settlement, and lifecycle management of strategic mineral assets.

According to a press release, the proposed Phase I program carries a value of up to $700 million, with up to approximately $62 million allocated specifically for Datavault AI-related technology integration, licensing, platform development, and implementation activities.

The platform is intended to combine Patriot Strategic Metals' mining interests, offtake agreements, refining, and supply-chain operations with Datavault AI's real-world asset tokenization technology, blockchain-based settlement capabilities, and enterprise software platform.

Under the contemplated framework, Datavault AI would receive a 25% share of net distributable platform profits, subject to definitive agreements and commercial deployment.

Patriot Strategic Metals' broader procurement platform includes an arranged revolving procurement facility of up to $20 billion, described as illustrative of arranged capacity and subject to definitive agreements and financing availability.

"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 partnership remains subject to financing availability, execution of definitive agreements, board approvals, and applicable regulatory requirements.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• Netflix raises $1 billion in senior notes due 2036
• Berenberg Downgrades Kemira Oyj (KEMIRA:FH) to Hold