Datavault AI (DVLT) and Coppercore, a mining company, said Tuesday they agreed to digitize and tokenize in-ground copper resources into at least $100 million of tokens called Coppercoin.

Datavault AI plans to use its blockchain tokenization platform to create the Coppercoin digital tokens.

Each Coppercoin represents pro-rata ownership interests in about five pounds of underlying high-grade copper resources, with pricing directly linked to the Comex copper benchmark, the companies said.

The companies did not disclose financial terms of their agreement.

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