PHILADELPHIA, PA — Datavault AI Inc. (Nasdaq: DVLT) entered into a preliminary agreement with King Mining Capital for a transaction combining a bullion purchase, equity investment, and gold-backed tokenization program that the companies project could exceed $150 million.
The proposed transaction includes Datavault AI acquiring a 5% equity stake in King Mining Capital, with a warrant tied to the completion of the planned GoldVault tokenization program, according to the companies.
Datavault AI also expects to secure rights to purchase 20,000 ounces of physical gold bullion for delivery within 24 months, payable in company stock at a 30% discount to prevailing gold prices.
The company projected the bullion acquisition could generate about $40 million in profit if gold prices reach roughly $5,000 per ounce, based on internal analysis and current spot pricing. The agreement remains subject to a definitive transaction document.
The planned GoldVault program would use Datavault AI’s blockchain and tokenization platform to issue digital tokens tied to in-ground and refined gold assets associated with King Mining Capital’s mining operations.
The companies indicated token pricing would track COMEX gold benchmarks and include a royalty component linked to future production from King Mining Capital assets. The tokenization program is targeted for launch by the third quarter of fiscal 2026.
Nathaniel T. Bradley, chief executive officer of Datavault AI, described the structure as combining direct ownership exposure, discounted bullion acquisition rights, and production-linked token royalties within a single transaction.
Jeffrey Katz, managing principal of King Mining Capital LLC, said the agreement is intended to expand access to digital capital markets while supporting development and production plans tied to the company’s gold assets.
Datavault AI develops data monetization, credentialing, digital engagement, and real-world asset tokenization technologies.
The announcement follows the company’s previously disclosed mineral tokenization agreements involving copper and antimony assets earlier this year, including a $100 million Coppercoin program with Coppercore Inc. and a $78.2 million initiative with American Strategic Minerals Inc.
The companies cited rising investor and central bank demand for gold, constrained mine supply, and forecasts from J.P. Morgan Global Research and the World Gold Council projecting continued strength in gold prices and demand through 2026.
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