Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) said a key digital asset initiative with Quorium Global Photonics SPC has made technical progress, but flagged that agreed operational deliverables have missed their deadline.
The Aquis-listed company said QGP had issued its VCORE+ tokens, previously called VGOLD-CORE, on the XRP Ledger. The tokens remain subject to liquidity testing, with their market value dependent on completion of the wider operational and liquidity infrastructure.
Valereum said the associated deliverables had not been completed within the agreed timeframe under the Definitive Agreement announced on 22 April 2026. The company said it has reserved all contractual and legal rights under that agreement.
Chair James Bannon said the board’s focus remains “the delivery of the operational milestones required to make the ecosystem fully functional”.
He added that shares and warrants held by QGP will remain locked up until Valereum is satisfied that agreed funding, verification and liquidity provision thresholds have been met.