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Datavault AI Proposes Partnership With Patriot Strategic Metals

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Datavault AI (DVLT) said Wednesday it intends to develop a Strategic Materials Acquisition platform under a proposed partnership with Patriot Strategic Metals.

The platform will be designed to support the financing, tokenization, settlement, and lifecycle management of strategic mineral assets, the company said.

The proposed partnership will combine Patriot Strategic Metals' integrated platform, mining interests, offtake agreements, and supply-chain operations with Datavault AI's Real World Asset tokenization technology and enterprise software platform, the company said.

Under the partnership, the parties expect to create an up to $700 million fund in the first phase, supporting institutional trade finance, digital settlement, technology integration, compliance, and platform deployment, Datavault AI said.

Shares of Datavault AI were up over 17% in Wednesday's premarket activity.

Price: $0.42, Change: $+0.06, Percent Change: +17.14%

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