RE: The Deal21 Jan 2026 23:35
The notes (which are not paper) are secured by R and S mining assets. They are underwritten and insured by Lloyds of London.
They have been validated as investment grade by major agencies. They are recorded on public blockchain.
They are held in an SPC in the Cayman Islands.
VLRM will receive $15.9m per year for 5 years ($79.5m).
After which time the notes mature. The annual payments cease and VLRM will receive $200m.
The idea of all of this is to give the company momentum. The compliance, the network, the ‘in the right place, right time’ is what puts VLRM in a place that gives it a chance. The $279.5m gives it the credentials to list on major markets, it allows it to invest in other businesses and tech in the sphere and develop into a leader in the industry. At which point, $279.5m will look like a bargain. This is how it works.
49.9% of the business in exchange for enough money to catapult the business into hyper space!
What a ride!