Lipari Mining and SpurChain Partner to Tokenize Natural Diamond Production

Executive Summary

• Lipari Mining Ltd. signed a non‑binding Letter of Intent with Canadian blockchain firm SpurChain Technologies to create a compliant digital platform for tokenizing Lipari’s natural diamond production.
• The partnership aims to provide transparent, on‑chain provenance tracking and unlock liquidity for diamonds by enabling investors to trade tokenized assets globally.
• The initiative includes full AML/KYC compliance, third‑party asset verification, insured vault storage, and integration of ESG data into the blockchain system.

Key Details

• Parties Involved: Lipari Mining Ltd. (Cboe Canada: LML) and SpurChain Technologies Inc., a Canadian blockchain infrastructure provider.
• Purpose: Development of a secure, transparent, regulated platform to tokenize natural diamonds produced by Lipari.
• Scope of Platform:
• Open, verifiable framework accessible to all market participants (buyers, sellers, producers).
• On‑chain authentication of origin, quality, and pricing data for each diamond.
• Integration of identity, audit, and ESG information directly into blockchain records.
• Regulatory & Governance Framework:
• Full AML/KYC compliance aligned with international standards.
• Independent, audited vaulting partners will hold tokenized diamonds with comprehensive insurance coverage.
• Third‑party verification and audit of underlying assets.
• Technical Infrastructure: Built and hosted entirely in Canada using SpurChain’s compliance‑ready blockchain infrastructure (national data centre network, ~100 MW power capacity).
• Strategic Rationale (CEO Quote): “We are pioneering the future of diamond investment… unlocking liquidity in a traditionally valuable, yet historically inaccessible asset class while maintaining the highest standards of transparency and regulatory compliance.” – Ken Johnson, CEO, Lipari Mining.
• SpurChain CEO Quote: Emphasized Canada’s leadership in responsible resource innovation and the foundation for transparent value creation across industries. – Kapley Judge, CEO, SpurChain Technologies.
• Non‑Binding Nature: The LOI is preliminary; definitive agreements are subject to negotiation, due diligence, and regulatory approvals. No guarantee that a final agreement will be executed.
• Potential Impact: Positions Lipari as the first publicly traded diamond producer with a comprehensive tokenization program, potentially expanding its investor base and creating new revenue streams through digital asset trading.

Notable Quotes

“Lipari is pioneering the future of diamond investment… unlocking liquidity in a traditionally valuable, yet historically inaccessible asset class while maintaining the highest standards of transparency and regulatory compliance.” – Ken Johnson, CEO, Lipari Mining Ltd.

“This collaboration showcases Canada’s leadership in responsible resource innovation… laying the foundation for transparent, auditable value creation across entire industries.” – Kapley Judge, CEO, SpurChain Technologies Inc.