Valereum Plc announced today that it has entered into a non-binding Memorandum of Understanding (MOU) with First Class Metals Plc (FCM), a UK-listed mineral exploration company focused on projects in Ontario, Canada. The MOU sets out a framework to explore the tokenisation of mineral exploration projects across FCM’s portfolio.

This MOU sets out the initial intentions of both parties regarding their collaboration to explore opportunities for the application of regulated tokenisation to mineral exploration assets and projects, with a view to potentially enhancing project funding options, expanding investor access, and promoting ESG-aligned investment structures.

This collaboration, if successful, aims to create a new digital pathway for asset-backed tokens, representing real-world mineral resources. The initiative aims to evaluate how blockchain technology and tokenisation may be used to enhance transparency, liquidity, and access to traditionally illiquid natural resource assets.

Under the terms of the MOU, Valereum Plc (the initiator) and FCM will work together with VLRM Markets to assess the feasibility of tokenising specific mineral interests in Canada, starting with selected assets from FCM’s highly prospective land holdings. The goal is to explore a regulated and structured token framework that offers investors digital exposure to the underlying value of these mineral assets.

Specific project selection remains under review.