Upstream mining and exploration company Madison Metals and fintech company Lux Partners have announced the first capital inflow from the first tranche of the Lux Uranium token.
Madison will receive $5.12-million in proceeds.
Madison has committed an initial 7.65-million pounds of triuranium octoxide from its uranium projects in Namibia to back the first-ever uranium-backed nonfungible tokens (NFTs).
Lux NFTs are minted exclusively on its network.