What we do:

VerAI leverages its proprietary AI Discovery Platform to systematically identify and target high-probability locations of concealed mineral deposits, generating drill-ready targets. Our highly scalable business model creates value both from strategic partnerships with explorers to develop our fully owned license portfolios, and from generating high probability targets on partner ground. We unlock value by monetizing equity, royalties and other structures from these assets, sharing the risk/reward with our partners.

We are well funded by exceptional industry and strategic investors, including Insight Partners, T Rowe Price, Orion Resources, Chrysalix Capital, and Blumberg Capital. www.ver-ai.com

Our Mission:

VerAI is committed to accelerating the global zero-carbon transformation by discovering the strategic minerals essential for our sustainable future. In the last two decades, the mineral exploration industry underperformed with a very low rate of discovery success, failing to supply the massive demand for these critical commodities. We are disrupting Mineral Exploration by deploying a revolutionary AI Discovery Platform that detects mineral deposits in underexplored, covered terrain - helping our partners drill in the right place, and with a much higher probability of success. The world awaits a revolutionary change, and the unique conditions we have created for success allow VerAI to lead a vital paradigm shift in the way mineral discoveries are made.

Our Culture: Why work with us?

This role forms a key part of accelerating our unique business strategy as we look to rapidly scale the deployment of our breakthrough technology. You'll join a small, dynamic, and entrepreneurial team that's pushing the boundaries of innovation, fully committed to transforming the mineral discovery space. In this role, working closely with your colleagues, you'll gain exposure to multiple new mineral discoveries across diverse geographies and commodities. You'll play a key role in building strategic industry partnerships, contributing to a growing portfolio of valuable, long-term, and highly profitable assets in a unique business structure. Our approach is unlike anything else in the industry-designed to disrupt the status quo and unlock entirely new opportunities.

Our organization attracts people who bring original thinking and sound judgment, are outcome-oriented and both resilient and comfortable with uncertainty. Our culture is filled with people who are positive, passionate, constructive, and success-oriented and comfortable expanding outside their comfort zones.

We are a remote-only US-headquartered company, with a diverse international team.

What's in it for you:

• Influence: You will have a direct influence on how we develop, grow and monetize our mineral asset business to generate value. Your experience and knowledge will impact everything from what jurisdictions, commodities and partners we look to prioritize, to how we look to structure transactions with potential partners and communicate compelling AI/ML products to convince 3rd parties to partner with VerAI and ultimately find new covered deposits.
• Innovation: You will be provided with an amazing opportunity to generate scalable value from leveraging our state-of-the-art ML/AI technologies in a company that truly believes in innovation and continuous improvement. You will be utilizing your commercial and technical experience from exposure to the mining sector, as well as your data driven mindset, and strive for perfection, to truly disrupt the Mineral Exploration industry.

Attributes that will make you successful at VerAI:

• Acumen: A sharp sense of where value exists and how to optimize exposure to it, a sense of curiosity to seek out new opportunities, a finger on the pulse of the sector and commodity markets to guide strategy.

• Partner-Centric Collaborator: Empathetic relationship-builder who prioritizes partner satisfaction, actively listens to extract insights, and fosters long-term, mutually beneficial partnerships through trust and authentic interactions.

Salary range: $199,000-$227,000 Canadian

Bonus: Bonus Potential: Up to 25% of base salary, contingent on achieving performance targets.

Location: This is a home-based, remote position in Canada only. Frequent national and international travel is required.

Benefits: We offer excellent benefits: Unlimited PTO, Supplemental Health Coverage, Group Retirement Savings Plan (GRSP) match as well as a competitive compensation program with stock options.

A day in the life of this role:

The Director of Business Development, reporting to the VP of Value Creation and Portfolio Management, is a professional business and commercial manager who takes pride in generating significant business value through creative commercial efforts and thrives in fast-paced, highly ambitious environments.

This role requires a well-connected business development professional with deep mining-industry knowledge, strong transactional expertise, and an ability to drive value creation through partnerships. The role will require responsibility for identifying, evaluating, and aiding the structuring and executing of transactions that align with the Company's business strategy.

The ideal candidate will have a proven track record in business and corporate development, investment banking, private equity, or mining finance, which includes significant exposure to the mining, mining royalty, and streaming sectors.

• Scale VerAI's Value Generation and Realization, including:
  • Operate within the Company's defined OKRs, guiding new potential partner targets to optimize VerAI's partnership portfolio and value creation strategies.
  • Source, screen, filter, and review value creation and partnership opportunities
  • Identification of counterparties as potential partners
  • Deliver rapid value growth by finding go-to-market opportunities, leveraging VerAI's unique Products and Value Proposition, managing an effective deal flow, and making creative deals.
  • Frame negotiation strategy and develop negotiation envelopes.
  • Work with in-house as well as third party cross-functional teams (geological, technical, legal, executive etc) to ensure transactions progress smoothly with milestones and deadlines being met.
  • Assist in contract drafting and contract closing.
  • Prepare project DCF and other valuation and scenario-based models, manage the due diligence process, undertake risk and fatal flaw analysis, devise deal structures, and prepare and present investment reports and recommendations for deals under consideration for partnership projects.
  • Support Marketing and PR to attract relevant partners.
  • Support the implementation of a business development strategy that enhances the company's market position within the mining and royalty/streaming/asset management sector.
  • Represent the Company on-site visits, in partnerships' committees, in meetings, and at conferences in North America and abroad.
• Market & Industry Analysis
  • Conduct in-depth research and market analysis to identify emerging trends, competitive dynamics, new target companies/projects
  • Prepare reports and presentations to communicate partnership opportunities to senior management and the Board where applicable.
  • Report business and commercial progress toward Company Objectives by maintaining a dashboard' with the status of live transactions and the deal pipeline.
• Secondary Responsibilities
  • Support Asset Portfolio Management through administrative activities such as land management, legal considerations, maintaining an up-to-date registry of Company mineral assets, managing asset and portfolio valuations, and more.
  • Support optimizing value from VerAI's asset portfolio, through asset value-related decision-making, such as land package extensions, expansion of existing partnerships to develop additional projects, and more.

Key Working Relationships:

• Reports to the VP of Value Creation and Portfolio Management.
• Collaborates and maintains strong relationships with VerAI's partners.
• Maintains and utilizes a deep network with mining industry counterparties, such as major mining companies, private equity & royalty companies, juniors, and property holders.

What we need from you:

• Bachelor's degree in Mining Engineering, Geology, Finance, Business Administration, or a related field.
• Minimum of 10 years of experience in corporate and/or business development, private equity, or mining finance, with a strong focus on mining, royalty, and streaming transactions.
• Demonstrated success in executing transactions, including due diligence, deal structuring, and negotiations involving companies with a market capitalization>C$50m
• Deep knowledge of mining operations, project development phases, mineral economics, and commodity markets.
• Excellent leadership, negotiation, and communication skills with the ability to influence senior stakeholders and investors.
• Deep understanding of the mining industry, including royalty and streaming models, asset valuation, and project financing.
• Proven track record identifying and closing new business opportunities in a complex commercial environment
• Strong senior contact network in the Americas focused on mining companies
• Others:
  • Demonstrated project management organizational skills, including the creation and implementation of vision & strategy, construction of work plans, and construction and management of budgets.
  • Demonstrated excellent technical written, verbal, and presentation communication skills in English. (Spanish is an advantage)