ArcStone Financial Pulse Inc. Publishes Feature Report
ArcStone Financial Pulse Inc. is pleased to share a Company Feature Report on PRISM Diversified Ltd. (CSE: NDAT, RTO Pending), an Alberta-based critical minerals company advancing a world-scale polymetallic platform at Clear Hills, approximately 500 km northwest of Edmonton, one of the largest ironstone polymetallic deposits in North America. PRISM is a vertically integrated mine-to-metals company that intends to produce high-purity iron powder, primary steel products, and vanadium pentoxide using its proprietary Altatude Reductive Chlorination Process (ARCP).
PRISM's Clear Hills deposit hosts 149 million tonnes of contained iron (Fe) and 903,594 tonnes of contained vanadium pentoxide (V2O5) on an Indicated basis, per an NI 43-101 mineral resource statement effective February 20, 2026. The Company is going public through a reverse takeover of nDatalyze Corp. (CSE: NDAT), with a binding Business Combination Agreement executed on May 15, 2026, subject to CSE and shareholder approval. Following a CA$400,000 private placement closed in May 2026, PRISM is completing a CA$1,600,000 subscription receipt financing targeted for September 15, 2026, which funds a 2026 pilot plant at Innotech Alberta to validate ARCP at scale. With bench-scale results of 99.1% iron extraction at 96% purity and 96% vanadium extraction, PRISM is entering the pilot-validation phase of its development.
Download the Full Overview Here.
Key Highlights Include:
World-Scale Iron and Vanadium Resource: The Clear Hills deposit hosts 149 Mt of contained iron and 903,594 tonnes of contained V2O5 (Indicated, NI 43-101 effective February 20, 2026), one of the largest ironstone polymetallic deposits in North America, with cobalt, gold, and rare earth credits present but not yet quantified.
Proprietary Liberation Breakthrough: PRISM's ARCP process achieved 99.1% iron extraction at 96% purity and 96% vanadium extraction in December 2024 bench-scale testing by TCM Research, addressing the metallurgical barrier that had left the resource stranded since 2016.
Defined Path to Public Listing: PRISM is completing a reverse takeover of nDatalyze Corp. (CSE: NDAT) under a binding Business Combination Agreement executed May 15, 2026, subject to CSE and shareholder approval, with approximately 162.6 million shares outstanding post-RTO and nil debt.
Fully Scoped Development Roadmap: A 2026 pilot plant at Innotech Alberta advances to a demonstration plant (2027), preliminary economic assessment (2026) preliminary feasibility study (2028), and phased commercial rollout (2029 to 2031), targeting 3 million tonnes per annum of iron and steel product over a 47-year mine life.
Strategic Vanadium Exposure: At full scale, PRISM's vanadium output would represent approximately 15% of current global supply, a domestic, secure source of a material designated critical by the United States, Canada, and the EU, recovered as a co-product of the iron-first process at no additional mining cost.
Engineering Validation and Alberta Advantage: Demir Engineering has confirmed its confidence in the ARCP process and invested in its development toward a demonstration plant, with operations positioned within Alberta's low-cost natural gas, carbon capture, and heavy-industrial infrastructure.
