KulaDAO Launches Ground-breaking Partnership with Bekazulu Mining Limited as its First RegionalDAO

Switzerland: Bekazulu Mining Limited, KulaDAO's first RegionalDAO, sent a delegation to the Eastern Province of Zambia to meet with the management and operations teams. For local and regional markets, Bekazulu Mining Limited produces lime products include hydrated lime, quick lime, aggregate, and concrete/cement. The refinement of copper and cobalt, two of Zambia's principal mineral exports, depends heavily on lime. A novel and innovative way to invest in a diversified portfolio of actual, physical assets is through the use of KulaDAO. This can include both natural resources like gold, limestone, and farmland as well as commodities like coffee and Wheat.

The visit's objectives included performing due diligence on the team and asset of limestone mining company Bekazulu Mining Limited, as well as establishing the local, regional, and national political ties required for a future cooperation.

Bekazulu Mining Limited, KulaDAO's first RegionalDAO, sent a delegation to the Eastern Province of Zambia to meet with the management and operations teams. For local and regional markets, Bekazulu Mining Limited produces lime products include hydrated lime, quick lime, aggregate, and concrete/cement. The refinement of copper and cobalt, two of Zambia's principal mineral exports, depends heavily on lime.

The visit's objectives included performing due diligence on the team and asset of limestone mining company Bekazulu Mining Limited, as well as establishing the local, regional, and national political ties required for a future cooperation.

After the visit, KulaDAO and Bekazulu Mining Limited formally finalized their share agreement. The concession is thought to contain 5 million tons of high-grade raw limestone material with a Calcium Carbonate (CaCo3) cut-off percentage of greater than 80%. With this agreement, KulaDAO acquires 14% of the stock and adds Bekazulu Limestone as the first RegionalDAO to its ecosystem. Additionally, the deal lays the groundwork for Bekazulu Mining Limited to be one of the pioneers in Africa to have real world assets replicated on the blockchain.

Bekazulu Mining Limited CEO Robert Mtonga stated, pleased to have KulaDAO as an investment and development partner. KulaDAO fully supports goal of building a solid company that generates value for both stakeholders and shareholders. Guiding principles are in line with KulaDAO's stance on transparency and integrity.

The Agreement between Bekazulu Mining Limited and the KulaDAO paves the path for us to get ready to build KulaDAO and incorporate the limestone asset of Bekazulu Mining Limited as first RegionalDAO. Better first partners for the project could not have been desired.