Conquest Resources Enters into Agreement with VerAI Discoveries for AI Targeting on Belfast TeckMag Project

Conquest Resources Limited has entered into a strategic partnership with VerAI Discoveries Inc., marking a significant integration of artificial intelligence technology into mineral exploration activities. Under the Royalty Purchase and Sale Agreement, Conquest will grant VDI Resources LLC, a subsidiary of VerAI, a 1.5% net smelter return royalty on the Belfast TeckMag Project in exchange for AI-powered mineral targeting services.

This arrangement represents an innovative approach to exploration risk management, where traditional upfront costs for advanced targeting services are replaced with a future production-based payment structure. The partnership positions Conquest to leverage cutting-edge AI technology for mineral discovery without immediate capital expenditure, while VerAI gains exposure to potential future revenues from successful discoveries.

The integration of AI-powered mineral discovery technology into exploration programs reflects the mining industry's increasing adoption of advanced analytics and machine learning capabilities. For Conquest shareholders, this agreement potentially enhances the technical sophistication of exploration efforts on the Belfast TeckMag Project while preserving working capital for other development activities.

The structure of this partnership may serve as a model for other junior exploration companies seeking to access advanced technological capabilities without the associated upfront costs, particularly in the current market environment where capital efficiency remains a priority for resource sector investors.