VCI Global Signs Term Sheet for 59.9-Tonne Brazil Gold Asset with 51% Option
VCI Global has signed a binding term sheet to invest in a Brazilian gold asset estimated to contain 59.9 tonnes (≈1.9 million ounces) of resources with an option to raise its stake to 51%. VCI acts as EPC partner and integrates the asset into its RWA and digital treasury strategy.
1. Binding Term Sheet Details
VCI Global has entered a binding term sheet to invest in a gold mining asset in Brazil, committing initial capital under a phased deployment plan and subject to definitive agreements and milestone conditions.
2. Asset Estimate and Ownership Options
Preliminary technical data estimate the asset contains approximately 59.9 tonnes (1.9 million ounces) of gold resources. VCI secures an initial interest with an option to increase its ownership to up to 51% upon satisfaction of agreed conditions and execution of definitive agreements.
3. Strategic Integration and Next Steps
The company will serve as Engineering, Procurement, and Construction partner and fold the project into its real-world asset and digital treasury initiatives. Further progression depends on technical validation, permitting, financing arrangements, and regulatory approvals.