Lux and Viscount Mining announced the world's first silver-backed NFT, tokenizing up to five million ounces of silver from the Silver Cliff property in Custer County, Colorado.
The forward-sale structure gives the mining company non-dilutive exploration capital while giving buyers a digital claim on physical silver — the same tokenization model Lux proved with uranium in 2022, applied to a second commodity.
Coverage of the announcement appeared on Yahoo Finance and across mining trade press.